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Posted inPLANET FINANCE

Dubai tightens crypto stance

Dubai’s regulators are adopting a more stringent stance towards crypto: Dubai’s crypto regulator has issued a written reprimand to the foundersof the collapsed Singapore-based hedge fund, Three Arrows Capital, for setting up a new crypto exchange without a license. (Statement | Bloomberg) Need-to-knows: Crypto hub aspirations: Dubai has become known for its light-touch approach towards […]

Posted inCALENDAR

APRIL 26 April - 5 May (Wednesday-Friday): African Basketball Championship. Late April – 15 May: 1Q2023 earnings season. MAY 1-5 May (Monday-Friday): African Private Equity and Venture Capital Association annual summit, Four Seasons Nile Plaza, Cairo. 2-3 May (Tuesday-Wednesday): Federal Reserve interest rate meeting. 3 May (Wednesday): National Dialogue begins. 4 May (Thursday): National holiday […]

Posted inWHAT WE’RE TRACKING TONIGHT

THIS EVENING: PMI still in contraction — but is at its highest level since last October

Good afternoon, friends, and happy THURSDAY-equivalent. We’re sliding into the long weekend — enjoy it, because the next holiday coming our way is Eid Al Adha at the end of June. THE BIG STORY TODAY PMI inches up, but remains in contraction: Activity in Egypt’s non-oil private sector remained in contraction territory in April as […]

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