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Car sales drop 69% in April
Monthly auto sales dropped to their lowest levels since at least the start of 2018
Pressure on emerging markets to continue on US economic headwinds -Moody’s
Five emerging economies are in default and 11 others have fallen into debt distress
Adnoc L&S IPO raises USD 769 mn following huge investor demand
The share sale was 163x oversubscribed
Tax topped the agenda on the nation’s talk shows
FinMin defends the proposed tax hikes
FinMin to take USD 500 mn panda bond issuance to market in 3Q 2023
The ministry delayed the issuance due to volatile market conditions
Enterprise Explains: The roles in a securitization issuance
Securitization issuances often come with a long list of jobs
Fed “less certain” about further rate hikes
Some Fed members thought the May meeting would be the final time the central bank would hike rates
El Sisi calls on DFIs to relax lending rules at AfDB meetings
Food prices and the controversy over the City of the Dead also received airtime
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