Pre-Trading Thoughts

Banks have started to open letters of credit for the release of basic strategic commodities, as they work on securing the dollar liquidity necessary for the release of basic commodities. Supply Minister called on MPs to form an ad hoc committee to look into possible changes to the country’s bread subsidy program. The EGX is looking to drum up interest in listed companies on a roadshow to Dubai and Abu Dhabi later this month. The IMF and World Bank annual meetings kick off today in Washi...