Pre-Trading Thoughts
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Egypt is preparing three possible revisions to the loan agreement to present to the IMF delegation when they land in Egypt mid-next week.The first scenario proposes extending the loan program by two years so Egypt ends up having five years to implement the reforms and unlock the entire USD8 billion in funding.The second scenario would give the government a year to carry out a stimulus package that includes pausing energy price hikes and slashing interest rates in efforts to boost growth.The t...
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Imported mobile phones could be subject to customs and tax fees totaling 37.5%, as part of incoming government regulations to support the country’s mobile phone manufacturing localization efforts.Prime Minister is gearing up to announce “positive news” regarding the airport privatization plan...
Published 11/25/24
Published 11/25/24
Market Overview prepared by: Mayada Amin- CETA, CFTe
Published 11/25/24