Pre-Trading Thoughts

The government is set to announce measures to curb food price inflation today. House committees signed off on key bills: the second round of the expat car import scheme, the decision to allow Abu Dhabi Ports to develop Safaga Port, and the cut to income tax proposed by the President last month. New rules announced by the Financial Regulatory Authority are making it easier for EGX-listed companies to perform share buybacks on the open market; changes include removing the requirement to n...