Pre-Trading Thoughts

Planning Minister Hala El Said confirmed to Bloomberg that the government backs exchange-rate flexibility, which will bode well for the economy. The Sovereign Fund of Egypt has set up a pre-IPO arm to bring strategic investors onboard ahead of plans to list state-owned firms. Prime Minister: The government will offer new tax breaks for high value industries. Prime Minister: The state isn’t about to pull back from big infrastructure projects, saying they’ll only cost more to execute further do...