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THIS MORNING: It’s a packed news day coming out of the long weekend
Good morning, wonderful people, and welcome back. We hope our Egypt-based readers made the best of the long weekend and…
Gulf growth set to halve on weaker crude demand + IMF doesn’t want EMs to lose out in the green transition
Gulf oil exporters will see economic growth halve this year as revenues decline on the back of the global economic…
A new Hilton hotel in Marsa Alam
TOURISM- Hilton expands its Red Sea portfolio: Hospitality giant Hilton has signed its second property in Marsa Alam: Hilton Marsa…
Gov’t to decide on hotel privatization within two months
The Madbouly government plans to reassess which state-owned hotels will be merged into a new hotels company ahead of an…
Affirma Capital, StonePine close acquisition of minority stake in pharma player Nerhadou
Nerhadou has new minority shareholders: A private equity consortium of Affirma Capital and StonePine has closed its acquisition of a…
Orascom Construction announces 2022 dividend payout
MARKET WATCH- Orascom Construction will pay out dividends of EGP 5.535 (USD 0.185) per share for 2022, redeemable on 9…
Fed looks set for a smaller quarter-point hike next week
The Federal Reserve looks set to slow the tempo of its interest rate hikes for a second time at its…
CI Capital, Compass launch fund to invest in EGX-listed firms
CAPITAL MARKETS- CI Capital + Compass Capital plan EGP 2 bn equity fund: CI Capital and Compass Capital are launching…
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