Pre-Trading Thoughts

Egypt's total public debt declined by about 2.1% during the last quarter of FY23/24 to EGP12.52 trillion. The European Bank for Reconstruction and Development (EBRD) raised Egypt’s growth forecast for 2025 to 4.5% from 4.4%. The Central Bank of Egypt intends to launch a version for commercial transactions via InstaPay for transactions between individuals and merchants. The Ministry of Transport has begun talks with international financing institutions to obtain financing of up to USD300 milli...