Pre-Trading Thoughts

The Prime Minister announced that stakes in no less than 20 state-owned companies will be offered to strategic investors or on the EGX within the next year. The names of those companies should be revealed next week. The US Federal Reserve yesterday raised rates by 25 basis points to a target range of 4.5-4.75%, as expected to a large extent in response to signs of cooling inflation and slowing growth. The cabinet granted four unnamed companies in the logistics, vaccine manufactur...