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Fed could hike interest rates for longer to curb inflation
Fed could keep raising rates for longer: Federal Reserve officials could decide to keep raising interest rates for longer due…
Valuation dispute puts Saudi United Bank acquisition at risk
Saudi wealth fund takeover of United Bank in jeopardy? The Public Investment Fund (PIF) has reportedly hit ‘pause’ on talks…
State-owned hotels company will offer 20% to strategics — and 5% on the EGX. PLUS: Misr Life sale update
Twenty-five percent of new hotels company up for grabs: The government will offer a 20% stake in its new hotels…
What the markets are doing on 22 February, 2023
The EGX30 fell 1.5% at today’s close on turnover of EGP 1.67 bn (15.4% below the 90-day average). Local investors…
US stocks fall on rate fears
US stocks just had their worst day in two months: Shares on Wall Street suffered their heaviest single-day loss since…
What the markets are doing on 21 February, 2023
The EGX30 rose 1.3% at today’s close on turnover of EGP 1.72 bn (12.4% below the 90-day average). Foreign investors…
VC funding falls to nine-year low in 4Q 2022
Economic uncertainty sent fundraising by venture-capital firms plunging to a nine-year low in the fourth quarter of 2022, the Wall…
Avanz Capital eyes SME space + National Navigation mulls a return to the EGX
More funds for Egyptian SMEs: Avanz Manara, a private equity vehicle focused on Egyptian SMEs, plans to make three new…
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