Pre-Trading Thoughts

The price of subsidized sugar will increase to EGP10.5 per kg Starting January 2022, up from EGP8.50 currently (23.5%), Supply Minister Ali Moselhy said.Foreign investments in Egyptian T-bills declined by about 8% MoM in October to reach EGP347.6 billion (USD22.14 billion) down from EGP378.2 billion (USD24.1 billion) in September.Egypt expects to import 5.3 million tons of wheat in 2022, 4% less than the quantities of 2021.The government plans to sell shares in power plants it built in partne...