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A glimmer of hope for EMs rolling into 2022
It’s not necessarily all doom and gloom for emerging market assets next year: With global rates now expected to rise…
Saudi electronics retailer eXtra eyes EGP 1 bn expansion to Egypt
Saudi electronics retailer Extra plans to spend EGP 1 bn to launch in Egypt, marking the company’s first expansion outside…
NBK Egypt board approves EGX delisting
MARKET NEWS- NBK Egypt’s board has approved plans to voluntarily delist its shares from the EGX, according to a bourse…
Coal fires keep on burning + Asset managers are pushing for diversity in Wall Street
What green transition? Coal burning is set to reach an all-time high this year: Global power generation from coal is…
Inflation officially isn’t transitory anymore
Scrap the “transitory” talk: Inflation is now “persistent,” according to the world’s most influential central banks, who cemented their hawkish…
Market roundup on 16 December 2022
The EGX30 rose 0.4% at today’s close on turnover of EGP 1.41 bn (2% above the 90-day average). Foreign investors…
Global Ventures closing in on USD 100 mn close for its new fund
Dubai-based VC Global Ventures is nearing a USD 100 mn target for its new fund, after attracting liquidity from Abu…
THIS MORNING: CBE gathers for its final policy meeting today + new GAFI services unit for EGX-listed companies + school’s out in Alexandria (again)
Good morning, friends, and welcome to the final day of the workweek. We’re looking forward to the weekend, even though…
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