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ECB on track to cut interest rates next week, top bank officials suggest
The bank will still need to maintain restrictive rates until the end of the year, the bank’s chief economist added
What the markets are doing on 27 May, 2024
The EGX30 fell 0.9% at today’s close on turnover of EGP 3.4 bn (30.4% below the 90-day average). Foreign investors…
SoftBank to sink USD 9 bn a year into AI
The move is part of the company’s strategy to double down on AI and semiconductors investments
FRA issues controls for licensing robo-advisors
Robo-advisors are AI-powered virtual financial advisors that manage investment portfolios
GoBus wants to make its market debut by 2026
Good morning, folks. We have a brisk issue for you this morning led by our conversation with Karim Hussein, managing…
What the markets are doing on 26 May 2024
The EGX30 rose 1.2% at today’s close on turnover of EGP 3.3 bn (32.6% below the 90-day average). Regional investors…
Adnoc Drilling sells USD 935 mn stake in secondary sale
The Adnoc subsidiary priced its offering at AED 3.90 a share
Digitize moves to EGX’s main market less than a year after its SME market debut
Digitize has grown its capital 8x since its debut on the SME market
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