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Gov’t declined all bids in latest bond auction
FinMin was reluctant to meet the high interest rates demanded by investors
Half of the proceeds from the privatization program earmarked to reduce public debt -Maait
There will also be no tax increases for investors in the next fiscal year
Private equity firms grapple with USD 3 tn worth of unsold companies
The private equity industry is facing a severe liquidity crunch, with firms globally sitting on a whopping 28k unsold companies…
An almost record year for Saudi Aramco, despite waning oil prices and production cuts
Saudi’s Aramco recorded its second-highest net income in 2023, despite falling 25% y-o-y to USD 121 bn on waning oil…
We’re in for up to USD 9 bn in funding from the World Bank, EU
Egypt is expecting to secure a total of USD 20 bn in foreign support
ECB, Fed hint at upcoming rate cuts
ECB hints at June rate cut: The European Central Bank (ECB) maintained borrowing costs at historically high levels when it…
Planet Finance breathes a sign of relief
The EGX30 was down 3% as traders locked in gains
BTC hits fresh all-time high before tumbling nearly 10%
BTC ends month-long rally with record-high price: The world’s largest cryptocurrency surged to a record high yesterday, driven by strong…
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