Pre-Trading Thoughts

IMF deputy managing director will visit Cairo in the coming days to meet with Egyptian officials regarding the government’s economic reform program. Annual urban inflation figures for May should be released this morning (after the release of this publication) and consensus estimates are pointing at 31.4% YoY, up from 30.6% in April. The Ministry of Finance and the National Investment Bank are preparing to sell their stakes in a number of companies. Recommendations for new electricity ta...