Pre-Trading Thoughts

The IMF’s Executive Board is to sign off on Egypt’s fourth review “in the coming weeks,” IMF Communications Director Julie Kozack said in a briefing to the press. The meeting will also see the board look into a set of fresh funds under the IMF’s Resilience and Sustainability Facility. BP’s recent discovery at its King Mariout offshore concession could hold up to 4 trillion cubic feet of natural gas, according to early estimates cited by two unnamed government officials that spoke to Asharq Bu...