The EGX30 index is displaying a powerful rebound, surging towards the 20,000 points level. As of 12:39 CLT, the EGX30 has gained an impressive +252 points or +1.28%. This surge coincides with statements made by Jihad Azour, Director of the Middle East and Central Asia Department at the IMF, during an interview with Sky NEWS Arabia. Azour mentioned that the IMF team is currently collaborating with the Egyptian government to prepare for the initial and subsequent reviews of the agreed-upon program valued at $3 billion. Furthermore, the IMF has announced their readiness to engage in the revision process with the Egyptian Authorities.
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