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Arab central bankers are convening in Cairo this week
Good morning, friends. We are kicking off the business week with a packed issue, full of economy, investment, M&A, and…
OECD revises 2024 global growth forecast to 3.2%, hinting stability
The Paris-based organization kept its projection for 2025 at the same level
It’s still all about interest rates everywhere on Planet Finance
Fed officials left the door open for more big rate cuts this year
US banks reaped USD 1 tn in windalls from high interest rate environment
Banks are expected to pass some of the recent half-percentage-point rate cuts onto depositors
Construction of new USD 30 mn Chinese chemical factory from Kemidi in Ain Sokhna kicks off
There are upwards of 160 Chinese companies in the SCZone, who have collectively invested around USD 2 bn
CBE to sell a stake in United Bank in IPO by 1 Q 2025
The CBE is in the process of obtaining the required approvals form the Financial Regulatory Authority and the EGX
A working man may soon become a rare sight
Men in the prime age of working have no interest in employment
Investors weigh up the rationale behind the Fed’s rate cut
The rate cut is feared to have been a late move by the Fed to maintain growth momentum
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