Pre-Trading Thoughts

The government’s state ownership policy document could go into effect at the end of this year. The European Investment Bank plans to commit USD1.5 billion in new financing to Egypt, primarily focusing on water treatment. The Senate approved some amendments to Investment Law No. 72 of 2017, granting projects in industries and areas determined by the Cabinet, and their expansions, an investment incentive that does not exceed 55% of the income tax value, given they use FX from abroad to fi...