Pre-Trading Thoughts

*Key news articles for today* The House has passed the new Labor Act. The new act needs to be published in the Official Gazette and we’ll need to see the executive regulations to it. The country’s specialized labor courts (a key feature of the law) are expected to start operating on 1 October 2025 when the new judicial year kicks off. Finance Minister Ahmed Kouchouk delivered his budget statement to the House. Highlights of the budget include: 1. Egypt’s real GDP growth is expec...