In today's Pre-Session Views:

• Strategy | Tailwind is building up for BONY but a share price rally is contingent on expedited monetization of WOC. 
• Macro | The probability of a 2% rate cut on 28 August is close to 100% and the probability of a 3% cut is 50%. 
• OLFI | New factory on the way
• BTFH | First glance at BTFH earnings  
• ADIB | Exceeding net profit estimates amid lending volumes revival, but capital increase challenges cash dividends
• BINV | BINV scales up high-marginplatforms 
• HRHO | Capitalizing on market discrepancies within HRHO and VALU
• EFIH management meeting | A prime beneficiary of fiscal consolidation
• CSAG | COMI acquires pre-listing stake in DCCC at attractive valuation; CSAG poised for asset revaluation
• ISPH | Government to settle EGP50bn in pharma arrears over three year