Pre-Trading Thoughts

Contrary to our expectations, the CBE decided to keep policy rates unchanged, citing slowing global activity, normalization of domestic economic activity and slower pace of increase in domestic inflation. During the visit of Qatari Emir Sheikh Tamim bin Hamad Al Thani to Egypt, discussions with President El Sisi were held including boosting cooperation in energy and agriculture, upping trade flows, and maximizing Qatari investments in Egypt. According to local media, Aldar Properties intends ...