Pre-Trading Thoughts

The International Monetary Fund is set to conduct the fourth review of our USD8 bn loan program by the end of September or in October at the latest. The state is reportedly studying a plan to provide EGP1.25k in cash assistance per family, while reducing the number of goods subsidized under the ration card system. The General Authority for Investment and Free Zones (GAFI) and representatives of all governorates are set to form a permanent joint committee to promote and facilitate invest...