Pre-Trading Thoughts

Egypt has signed a USD 500 mn agreement to purchase wheat from Emirati agribusiness Al Dahra, over 5 years. The pact will see Egypt import USD 100 mn of milling wheat a year, with the Abu Dhabi Exports Office (ADEX) providing low-cost financing. Misr Life Insurance Company has launched the first USD Dollar denominated pension policy for Egyptians abroad, with installments between USD50-10,000. The Egyptian Railways Authority is looking forward to collecting up to USD40 million per year ...