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Stocks struggle to rebound from Tuesday’s sell-off
There was less drama in the markets yesterday, following a volatile Tuesday that saw equities plummet while energy prices and…
THIS EVENING: A really slow news day here at home, but we’re keeping a watchful eye on signs that twin food commodity and energy crises may be brewing abroad
How slow of a news day is it? Let’s put it this way: We’re really worked up that the cabinet…
Stock sell-off accelerates as inflation, rising yields + US debt talks weigh on sentiment
Bears are throwing a stagflation tea party after yesterday’s marketheadlines, as the rise in US bond yields heralded yet further…
GlobalCorp could kick off EGP 3-3.5 bn securitization program in 4Q2021
GlobalCorp could have the first tranche of a EGP 3-3.5 bn securitized bond issuance ready by the end of the…
THIS MORNING: The stock sell-off accelerated yesterday + Asian markets are following suit this morning; White House natsec advisor in Cairo today.
We don’t literally ring a bell around here every time a company announces it will IPO on the Egyptian Exchange,…
Palm Hills to borrow EGP 2.5 bn for New Cairo project
A Palm Hills Development (PHD) subsidiary will borrow EGP 2.5 bn from Banque Misr and the National Bank of Egypt…
THIS MORNING: Oil prices at three-year high; High-stakes negotiations on Capitol Hill; China power crisis;
Good morning, wonderful people, and welcome to a Hump Day issue that feels a lot like the (relative) calm before…
Egypt sells USD 3 bn of eurobonds
Egypt successfully sold USD 3 bn of eurobonds in last Thursday’s issuance — a sale that was 3x oversubscribed, according…
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