Pre-Trading Thoughts

Remittances from Egyptians working abroad declined in August to record USD2.2 billion, compared to USD2.7 billion in August last year. Exports of ready-made garments increased by 29% during 9M2022 to record USD1.91 billion. The EGX will launch Africa’s first voluntary carbon market in mid-2023. Alstom signed a framework agreement with the National Authority for Tunnels to design, build, and maintain Cairo Metro Line 6. Egypt and Germany inked nine cooperation and financing agreements worth EU...