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High inflation and high rates could be here to stay, say global asset managers
Don’t underestimate inflation — or how far the Fed will go to rein it in: That’s the message to markets…
Oil Ministry projects won’t freeze FX spending -El Molla
ENERGY- Oil Ministry projects are excluded from the government’s decision to ration FX spending, Minister Tarek El Molla told CNBC…
Apex acquires shares in six oil concessions from Eni
Egypt-focused oil and gas firm Apex International Energy will acquire shares in six producing oil concessions in the Western Desert…
THIS MORNING: EGP at 27.63, savers pouring bns into 25% CDs ahead of IMF presser today
Good morning, folks, and happy hump day. The week flies by when you kick it off with a public holiday…
A fresh GASC tender for wheat, backed by the World Bank
GASC puts out a fresh international wheat tender: State grain buyer GASC has launched an international tender to purchase 30k-60k…
Italy proposes a USD 2.8 bn electrical interconnection project with Egypt
Is an Egypt-Italy electricity interconnection project coming? Italy has reportedly submitted a proposal to the Egyptian Electricity Transmission Company to…
Time for asset managers to tighten their belts + Junk is getting thrown out
Asset managers are getting stung by the market downturn: Global asset managers are preparing to make cutbacks in 2023 following…
THIS MORNING: It’s PMI day + foreign reserves rose USD 500 mn in December
Good morning folks, and happy almost-THURSDAY. We know we just had a long weekend, but this one still can’t come…
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