Pre-Trading Thoughts

President El-Sisi directed the government to expedite the immediate release of goods at the ports, a statement by the Cabinet said. An unnamed Emirati company has submitted a bid for a 40% stake in state-owned Misr Life Ins., a government official reportedly said. The Suez Canal Authority (SCA) will fully fund the plan to expand the Suez Canal from its Finance Ministry-approved investment budget to better support two-way traffic, SCA boss said, adding that the expansion will fully be funded...