Pre-Trading Thoughts

Minister of Finance: Soaring global prices could cost the state an additional EGP15 billion for wheat imports in FY2021/22 Minister of Finance: GDP growth target during the current FY2021/22 is 6.7%, while targeting a budget deficit of 6.7% for the current fiscal year Eight shipping lines have disrupted cargo reservations to and from Russia because of the war on Ukraine, which might affect Egyptian imports and exports Brent crude surged to USD 129.1/bbl (+9.2%); Feeds into oil refining margin...