Pre-Trading Thoughts

State grain buyer GASC canceled its wheat tender yesterday on the back of high prices Ministry of Supply said that the government is in no rush to raise subsidized bread prices Egypt is close to issuing the first sovereign Sukuk; with an estimated value of USD1 billion Suez Canal is to charge higher fees starting today (5%-10%) Minister of Finance plans to offer 10 government companies on the EGX is still in place TMGH achieved stellar record FY21 sales of EGP32.4 billion, up 95.2% y/y, boost...