Pre-Trading Thoughts

Qatari officials have discussed with the Egyptian government investing USD2-3 billion in the local market, in the form of purchases in company stakes and the real estate sector.The Ministry of Public Enterprise presented HELI's assets with investment opportunities to a delegation of Saudi investors.Prime Minister directed the ministers, the central bank, and the banking sector to coordinate on setting up “a mechanism for the orderly release of car shipments” from ports. SWDY’s board of directors approved the terms and conditions of the loan contract, to be concluded with the International Finance Corporation (IFC), to finance its expansion plan.CBE plans to launch 3 projects to support financial inclusion over the coming period, including determining regulations and framework of digital banks in Egypt.B Healthcare, of BPE Partners, has completed the acquisition of a majority stake in the Egyptian IVF Center for EGP110.7 million. AUTO’s Tasaheel announced yesterday that it has securitized EGP2.7 bn of its loan book. ValU and ARAB are partnering to offer ARAB's project residents installment plan solutions to cover home improvement and maintenance starting 1 July 2022.IFC partnered with private healthcare developer Egyptians for Health Care Services (EHCS) to support the construction and operation of CapitalMed integrated healthcare complex in Badr city, for EGP5.5 billion.ZMID declared cash dividends of EGP0.30/share (DY of 3.7%). Record date is 26 July 2022. Weekly Commodity Update |     Last Price             WoW Change, %Brent, USD/bbl  113.9     -0.2%Diesel-HSFO Spread, USD/ton    753.2     -3.2%Egypt Urea, USD/ton      740.0     2.8%Polyethylene, USD/ton  1,400.0  0.0%Polypropylene, USD/ton               1,185.0  0.0%Steel/Iron Ore Spreads, USD/ton              397.6     -8.0%LME Aluminum Cash Price, USD/ton        2,438.3  -2.8%Egyptian Retail Cement, EGP/ton              1,330.0  4.5%Steam Coal FOB Newcastle Australia, USD/ton    395.0     0.6%