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Posted inSpeed Round

GAFI approves three investment zones

The General Authority for Freezones and Investments (GAFI) approved the establishment of three new investment zones yesterday, according to an Investment Ministry statement. Those include an SME-focused zone in Qalyubia and two commercial zones for the Majid Al Futtaim Group at the Six October City Mall of Egypt and the City Center Mall in Almaza.

Posted inSpeed Round

Gender equality is good for business -OECD

Gender-based discrimination in laws costs MENA countries USD 575 bn annually, the Organisation for Economic Co-operation and Development (OECD) report estimates. “Gender equality is not only good for women, it’s good for businesses, it’s good for sound economies and it’s good for happier societies,” Gabriela Ramos, OECD chief of staff, says, according to Reuters. The […]

Posted inUncategorized

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Posted inTHE MACRO PICTURE

Credit growth in emerging markets is accelerating for the first time since 2011

“Credit growth in non-Chinese emerging markets is accelerating for the first timesince 2011, buoying expectations of stronger economic growth,” writes Steve Johnson for the Financial Times. Credit growth hit an annual rate of 8.7%, according to data compiled by Dutch asset manager NN Investment Partners, which tabulates the GDP-weighted average of 19 EMs. This comes […]

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