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Turkey expected to start cutting sky-high 50% interest rates in November
Turkey’s central bank has raised interest rates by 4,150 bps since June 2023
Fed chief signals September rate cut as economic risks shift
US inflation fell under the 3% mark in July for the first time since March 2021
Malaysia’s Proton to start producing locally made autos in early 2025. PLUS: Talgo, Aton + Ankh + Centamin, IFC + Tanmiya Capital Ventures, Fujifilm
The company plans to invest some EGP 2 bn during the first two years of production
Gold soars as investors pencil in September rate cuts and a weakening USD
Gold prices are up 22% in 2024 so far
Investors rush back into equity markets as market confidence returns
The rebound follows a brutal sell-off that took place earlier in August
Our new national low carbon strategy lays out some practical steps toward scaling up green and blue hydrogen production
The strategy suggests a three-phase plan to develop the country’s hydrogen economy
Startups are increasingly going bust as funding dries up
The number of startups closing their doors rose 58% y-o-y during 1Q 2024
Some 1.6k meds set for price hikes by the end of 2025. PLUS: Home Group Development, Dream Agro, Global Biodiversity Framework Fund, Wfrley, Egypt Healthcare Authority
Companies could receive the greenlight to hike the prices of some 600 types of meds before the end of 2024
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