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The incoming EM debt crisis is getting worse
The number of emerging-market countries at risk of default is at a record high after Angola and Gabon became the…
Commodities
GASC in talks for new wheat buy + the Cairo hotel market rebounds in 2022
GASC is in direct talks with 14 wheat suppliers to buy an undisclosed amount of wheat, traders tell Reuters. The…
THIS MORNING: Privatization consultations continue today + McDonalds just jacked up its prices by 50%
Well, friends, we’ve nearly made it through another (M&A-heavy) workweek together. We hope the week has been good to you…
Earnings watch: Centamin reports 2Q2022 results
EARNINGS WATCH- Gold miner Centamin’s revenues rose 17% y-o-y in 2Q2022 to USD 207.2 mn, with revenues brought up due…
“Dire level” of pessimism among US fund managers as economic concerns rise
Funds are worried about where stocks are headed + pile into cash: Stock allocations among heavyweight investors are at the…
GASC scraps wheat tender on high prices
The General Authority For Supply Commodities (GASC) canceled its latest wheat tender yesterday, due to higher-than-expected prices, it said in…
Toyota exits Egyptian Offshore Drilling Company
Toyota exits Egyptian Offshore Drilling Company: Toyota has sold its 50% stake in the Egyptian Offshore Drilling Company ahead of…
THIS MORNING: No weekday holiday for 23 July Revolution + Is a Ukraine-Russia commodity export agreement in sight?
Good morning, wonderful people. Before we get underway this morning, we have an (unfortunate) programming note: ** Enterprise’s website went…
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