Pre-Trading Thoughts

Remittances from Egyptians abroad jumped 51.3% y-o-y in 2024, reaching USD29.6 bn. Home appliance maker Electrolux has decided to stay in the Egyptian market, scrapping plans to sell its local operations after a final review. Chinese appliance manufacturer Haier plans to inject USD500 mn over the next five years to expand its industrial complex in Tenth of Ramadan to increase its production capacity 5x. Cheiron Energy plans to increase its oil and gas output by 33% by the end of 2025, bringin...