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Federal Reserve expected to hike rates this week
A 25-bps hike would take the benchmark rate to its highest level since 2001
Taqa Arabia shareholder sells 20% stake. PLUS: Beltone’s SODIC office building buy, Qalaa to study green aviation fuel with French firm — and more
The block trade comes three weeks after the company’s shares began trading on the EGX
Oil prices to rise this year amid “serious” supply-demand imbalance, says IEF official
Oil exporters have removed more than 1 mn barrels of oil per day from the market this year under efforts…
Global banks are pricing in a soft landing as greenback weakens
But corporate defaults are expected to rise as high rates bite
China’s economy slowed further in the second quarter
GDP came in below expectations, growing just 0.8%
e-Finance mulls digital bank license. PLUS: Canada to provide CAD 10 mn loan to bolster Egypt’s food security
The central bank last week issued updated licensing rules for digital banks
ADIB Egypt to get USD 50 mn in shariah-compliant IFC funding
Funding to help the bank support SME growth in Egypt
Rate hikes fuel profit surge among big US banks
PLUS: Oil market shows signs of tightening as Brent price passes USD 80
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