Pre-Trading Thoughts

Head of the Trade Ministry's Commercial Representation Authority discussed potential investments in Egypt with representatives from major Indian companies. The IMF said that Egypt may abandon quarterly fuel price increases in exchange for a firm commitment to raise prices to levels “Cost recovery” by the end of the year. The Ministry of Finance is considering raising the zero bracket of income taxes for individuals to EGP45,000 annually instead of EGP40,000 currently. Prime Minister Moustafa ...