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More funding from the AfDB. PLUS: ICON is heading to Saudi and we’re in for Indian, and German investments
The AfDB plans to lend us USD 349 mn before the end of the year
IPO hype may be over in Western markets
Analysts don’t expect investor appetite for IPOs to return until 2024
CBE gets c. USD 1 bn from Chinese Development Bank
The loan will help finance projects agreed upon in the Belt and Road Forum
Dubai’s taxi business to IPO next month
Dubai’s Road and Transport Authority is looking to raise USD 300 mn from the listing
MPs approve fresh borrowing, oil exploration
The government will borrow USD 500 mn from Deutsche Bank and Bank ABC to fund healthcare and education spending
Beltone to enter Jordanian market before year end
The Egyptian financial services company will make a USD 20 mn equity investment in Al Wasleh
Gaza escalation fears continue to shape global markets, but not so much in the Middle East
Some traders are entering into options contracts wagering USD 100 a barrel oil
S&P 500 slips into correction + US stocks are looking at their worst October since 2018
The VIX “fear gauge” jumped to a six-month high of 21
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