Pre-Trading Thoughts

The decision to temporarily suspend some international companies from the list of companies approved to export to Egypt was due to their failure to comply with factory registration requirements. No Saudi products would be blocked from entering the country. Exporters in the fourth phase of the export-support program will see only 8% deducted from subsidies on shipments made starting July 2021, due to early settlement, down from a previous 15% haircut. The House of Representatives sent the draf...