Pre-Trading Thoughts

The Ministry of Supply is set to decide the price of subsidized bread by end of March, according to the government’s plans to increase the price of subsidized bread which is currently sold for EGP 0.05 per loaf but costs EGP 0.6-0.65 to produce.The government is considering restructuring the water consumption segments, the accounting categories for customers, and the method of accounting, both for household and non-domestic unitsThe total export support under the immediate payment initiative ...