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Risks for emerging markets grow as central banks diverge
Markets will get nervous if Fed goes higher than expected, says the IMF’s chief economist
Nashwa Kamel appointed CEO of e-Cards
Kamel was head of bank operations at Credit Agricole Egypt for the past 20 years
Inflation still too high + more rate hikes could be needed -Fed chair
Fed chair Powell strikes cautious tone during speech at the Kansas City Federal Reserve Bank's annual Economic Policy Symposium in…
Global stocks lose almost USD 3 tn in August on China fears, rising US rates
MSCI benchmark of global stocks on course for its worst month since September
Microsoft is still chasing Activision and Goldman is dumping part of its “mass market” wealth management division
PLUS: Iran has turned on the oil taps and S&P Global followed Moody’s in downgrading the ratings of five US…
More EBRD funding in the pipeline
The loan is set to be approved on 12 September
Valu announces rebrand as it repositions as a fintech player
PLUS: The company plans to apply for a fintech license and securitize another EGP 1 bn of its portfolio
Shoukry talks regional issues with US Secretary of State Blinken
Plus: Conversations about water security with the World Bank and tourism with the South Korea’s ambassador to Egypt
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