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Upcoming SPAC listings are on life support
Hedge funds are cashing in as “desperate” SPACs hemorrhage investments: Special purpose acquisition companies are having to turn to hedge…
THIS MORNING: Global shares slipping into correction territory
Good morning, friends and welcome to another really busy news day. Before we get this show on the road, a…
Earnings watch: TMG Holding, Aspire Capital
EARNINGS WATCH- TMG Holding’s bottom line rose 8% y-o-y in 2021 to EGP 1.78 bn, the company said in its…
Greenback surges on Ukraine worries
The USD is getting stronger because of the Ukraine war: The USD has surged to its highest level since the…
FedEx Express not considering an EGX IPO for its Egypt unit
FACT CHECK- FedEx Express is not currently considering an IPO of its Egypt unit on the EGX, a company spokesperson…
Misr Italia eyes EGP 700 mn securitized bond sale in 4Q 2022
Misr Italia Properties is looking to issue securitized bonds worth EGP 700 mn during 4Q2022, Al Shorouk quoted CEO and…
Beltone’s net losses widen in 2021
EARNINGS WATCH- Beltone Financial’s net losses widened to EGP 169.76 mn in 2021, from EGP 132.4 mn the previous year,…
Stocks slip as investors fret over Ukraine conflict
US stocks continued to slip on Friday on the back of the war, with the tech-heavy Nasdaq falling 1.7% and…
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