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Investors cheer ceasefire news after earlier jitters
USD falls, stocks gain, and Treasury yields fall to lowest levels in a month
Remittances rise 39.0% y-o-y in April to USD 3.0 bn
This marks 14 consecutive months of y-o-y remittance growth
Israel presses pause on Egypt gas exports following US strikes on Iran. PLUS: Yacht tourism initiative, GE Healthcare + Al Safi Group
Israel had only just resumed gas exports on Thursday after a six-day pause
Not exactly selling America…
Foreign holdings stood at USD 9.0 tn, just shy of March’s all-time high
Events in the region may cause the recently-greenlit state budget to undergo amendments
Good morning, friends, and happy Friday. We hope you're all looking forward to a relaxing weekend as much as we…
Fed stays the course on its wait-and-see approach amid rising economic uncertainty
The Fed now expects weaker economic growth and higher unemployment
Budget amendments might be on the way if regional escalation persists
Amendments are expected to come in 2H 2025 or before the end of the current parliamentary session in October
Capital Economics, Fitch provide insights over the impact of the Israel-Iran escalation on the MENA region
The research units gave different scenarios depending on both the intensity and the duration of the conflict
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