Central Bank Governor Tarek Amer and Trade and Industry Minister Tarek Kabil are expected to appear before the House of Representatives to discuss how to make FX available to industry, according to sources in Parliament. Amer is expected to appear before the House on Monday, where the House Industry Committee will request that 20-30% of the CBEs monthly FX reserves be made available to industries in addition to the monthly auctions, sources tell Al Borsa. Kabil will appear before the committee next week (the week of 22 May) to discuss the same issue as well bailouts for industry. The committee will also send a memo to cabinet today requesting the immediate appointment of a management team for the EGP 150 mn factory rescue fund.

Also in the House this week: Public Enterprise Minister Ashraf El Sharkawy is expected to name the six state-owned companies he thinks could be ready to make their EGX debut this year when he appears before MPs next week, sources tell Al Borsa. El Sharkawy will also put in a request for amendments to the Public Sector Companies Act to allow for the offerings.