Pre-Trading Thoughts

The Non-Deliverable Forward Contracts on the EGP hit 44/USD, Bloomberg reported. Prime Minister met with SFE head and chairwoman to follow up on its efforts to attract investments. The Export Development Fund has sent the proposal for the new program to the export councils for review and comments before final approval. The initiative to facilitate the import of cars by Egyptians abroad attracted USD500 million since its launch until now. Gas output from Eni’s Zohr gas...