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More EMs in the devaluation zone + IMF sounds alarm on rising public debt in MENA
Will other emerging markets follow Egypt, Pakistan and Lebanon on the devaluation trail? Analysts now see Argentina, Nigeria, Malawi, Ethiopia…
Three global firms reportedly eyeing contract for Metro Line 1 upgrades
TRANSPORT- Three international companies have their sights set on developing Metro Line 1: Germany’s Siemens and French firms Alstom and…
Raya’s Aman Financial Services issues EGP 400 mn in securitized bonds
Aman taps securitized market: Raya Holding’s non-banking financial services outfit Aman Financial Services issued EGP 403 mn in securitized bonds,…
MPs still balk at the liquidation of state-owned ZombieCos
Public Enterprises Minister defends privatization plans + more overpopulation talk in the House: Public Enterprises Minister Mahmoud Esmat was in…
The state’s new hotel company is ready to go to market — but is a 30% stake enough?
A new state-owned company that will own a portfolio of seven five-star properties nationwide could offer as much as 20-30%…
THIS MORNING: EGYPS rolls on + EGX, SFE, and El Sisi all in the Gulf
Good morning, wonderful people, and a very happy Monday. THE BIG STORY here at home this morning: Privatization is still…
What the markets are doing on 12 February, 2023
The EGX30 fell 1.9% at today’s close on turnover of EGP 1.8 bn (3.6% below the 90-day average). Foreign investors…
Is FAB still interested in StanChart?
FAB reportedly still has eyes for Standard Chartered: First Abu Dhabi Bank (FAB) is working under the radar on an…
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