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An aluminum news dump + Belcash is now Seven
Aluminum Bahrain and Emirates Global Aluminum are both interested in expanding in Egypt, according to the ministry
EBRD commits EUR 30 mn to Mediterrania Capital Partners midcap fund
The impact investor’s MC IV fund will target mid-cap firms in Egypt, Morocco and Tunisia, as well as sub-Saharan Africa
Greenback hits six-month high as Fed warns rates will remain higher for longer
The greenback has now climbed more than 6% since the middle of July
Oil Min ups oil + gas investment forecast this fiscal year. PLUS: Adnoc, IFC x Banque du Caire, Avanz Capital, Orascom Investment + EgyptAir
The government now expects investment to be up to 60% higher than in the previous fiscal year
AIIB has a pipeline north of USD 1 bn for Egypt, including backing our maiden panda bond –Kouchouk
We spoke with Kouchouk, who also leads constituency six at the AIIB, ahead of the multilateral lender’s annual meeting tomorrow…
Fed signals higher rates for longer
The US central bank left rates unchanged but warned that policy would have to remain tight due to the continuing…
IFC could lend USD 125 mn for Damietta Port cargo terminal
This is part of a broader USD 455 mn financing package involving the EBRD, the AIIB and other multilateral lenders
Global growth to slow to 2.7% next year -OECD
Excluding 2020, this would be the slowest rate of growth since the global financial crisis
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