Pre-Trading Thoughts

*Key news articles for today* The government is planning to issue its first EGP-denominated sovereign sukuk in the domestic market in the next fiscal year. The government is planning to localize 50% of all vaccine production by 2030. There will then be efforts to increase this to 75% by 2035 and full self-sufficiency by 2040. The government has allocated a total of EGP10 billion to settle a significant portion of debts owed to pharma and medical supplies companies, to be paid over the next th...