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The developing world takes center stage on COP27 Finance Day
The theme for Finance Day at COP27 was clear: The world needs to scale up climate financing to developing countries…
THIS MORNING: It’s Science Day at COP27 + the crypto markets are tanking this morning
Good morning, friends, and welcome to the final workday of the week — at least for those of you who…
THIS EVENING: GB Auto founder Raouf Ghabbour dead at 69. Plus: Alaa Abdel Fattah’s hunger strike makes human rights a top focus at COP27
Good afternoon, friends. Before we get underway this afternoon, we’re going to ask you all to pause for a moment…
Fitch cuts outlook on Egypt to negative, affirms B+ rating
Fitch Ratings has cut its outlook on Egyptian debt from “stable” to “negative” due to “deterioration” in the country’s external…
The UAE’s Chimera Capital enters private credit market
Chimera Capital enters the private credit space: Our friends at Chimera Capital have launched a USD 2 bn global private…
Arabian Cement to expand Suez factory solar plant
Arabian Cement signs new PPA for solar plant: Arabian Cement signed a purchase power agreement with Amarenco SolarizEgypt for the…
Berkshire turns in mixed results + global food prices hold steady
Another mixed set of results for Berkshire Hathaway: The Warren Buffett-led conglomerate posted a USD 2.7 bn loss in 3Q…
Bond investors shrug at IMF rescue package
The markets aren’t convinced that the IMF program is a cure for Egypt’s woes: Egyptian bonds have sold off and…
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