Pre-Trading Thoughts

Despite the Gaza War, almost 1.5 million tourists visited Egypt in October, up 8% y-o-y, while arrivals in the first three weeks of November were 5-10% higher, Tourism Minister said. President Abdel Fattah El Sisi has reappointed Hassan Abdalla as the acting governor of the Central Bank of Egypt for a second one-year term as part of a wider board shuffle. Goods worth a combined USD63 billion have been released from our ports since the beginning of the year. The still-piled up goods at ports a...