Pre-Trading Thoughts

Egypt's net foreign liabilities widened in March by about USD1.47 billion, to exceed USD24.46 billion, compared to about USD23 billion in February 2023. Prime Minister held talks yesterday with the CEO of Abu Dhabi sovereign wealth fund ADQ to discuss the fund acquiring more assets in Egypt. Finance Minister met with his Qatari counterpart to discuss boosting investment inflows from Qatar as well as cooperation on tax, customs, and in the financial sector. CBE intends to sell USD1 billion of ...