Pre-Trading Thoughts

The government will soon announce “important news” regarding the privatization of a number of banks and airports, Prime Minister Moustafa Madbouly said. Egypt’s external debt sat at USD152.9 bn during the end of FY2023/24, falling some USD15.1 bn (almost 9%). Egypt's import bill for petroleum products reached USD10.5 billion during 9M2024, compared to USD9.4 billion in the same period last year, an increase of 11.8%. State gas firm EGAS signed a partnership agreement with Greek infrastructure...