Pre-Trading Thoughts

The Egyptian government held an extended meeting with the World Bank, on Sunday, to discuss the country's financing package. The portfolio between Egypt and the World Bank is c.USD 6.8 billion. Al Mal Newspaper reported that several international institutions decided to invest in Egyptian sovereign debt instruments, including Goldman Sachs and JP Morgan. Minister of Petroleum expected that Egypt's oil exports would reach more than USD18 billion in 2023, revealing that reserves for new g...