Pre-Trading Thoughts

The Egyptian Stock Exchange is conducting a joint study with the GAFI to expand investment and tax incentives for listing and offering companies on the EGX. The Egyptian 5-year CDS rate fell during Tuesday’s trading to 5.9%, compared to 6.365% in last Monday. The Suez Canal Economic Zone wants to set up a USD60 mn data center with a capacity of 5-7 MW in partnership with the private sector. A government source said that it remains unclear whether or not the blackouts will be returning a...