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Expect central banks to stay hawkish deep into 2023 amid stubborn inflation
Central banks won’t be taking their feet off the gas anytime soon: Despite hopes in some quarters that central banks…
House passes amendment giving foreign tax authorities access to expats’ financial info
House gives its final nod to Unified Tax Procedures Act amendment: The House of Representatives yesterday voted through a controversial…
EBRD lends USD 40 mn to Angel Yeast to up local production
The European Bank for Reconstruction and Development (EBRD) is lending USD 40 mn to the Egyptian branch of China-based yeast…
The FTX chaos is starting to blow back on Binance
Investors pulled bns of USD from the world’s biggest crypto exchange last week: Binance, the world’s largest crypto trading platform…
THIS EVENING: valU to spend USD 25 mn on regional and product expansion + Companies have another two weeks to register with FinMin’s e-invoicing system
Good afternoon, friends. It’s finally time to slide into the weekend — and winter break for some kids. THE BIG…
Don’t expect oil prices to stay lower for long
Crude prices could rise once more in 2023 on the back of sanctions on Russian crude and higher global demand,…
FinMin mulls wage tax hike
Salaries above EGP 800k could be subject to a new top tax rate: The Finance Ministry is proposing amendments to…
Adnoc appoints banks to take lead on IPO of gas business, says Bloomberg
Adnoc is moving ahead with its big IPO plans for gas unit: The Abu Dhabi National Oil Company (Adnoc) has…
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