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Don’t expect the Fed to slow its roll anytime soon
Zero signs the fed is going to slow down on rate hikes: A fourth consecutive 75-basis-point interest rate hike is…
Trella secures USD 6 mn in venture debt backed by the US gov’t
The good people at B2B logistics marketplace Trella have secured USD 6 mn in debt financing from global debt platform…
Bloomberg’s US recession-o-meter hits 100% certainty
Bloomberg is the latest to predict a US recession, saying yesterday that it is "effectively certain" the economy will enter…
Fintech Nexta snags USD 3 mn from e-Finance + E-commerce startup Kenzz lands USD 3.5 mn seed round
Fintech startup Nexta has closed a USD 3 mn round led by EGX-listed e-payments giant e-Finance, according to a press…
Recession has no victors — except Amreeka
The US could emerge strongest out of market turmoil hitting major world economies,Bloomberg suggests, citing the latest MLIV Pulse survey.…
EU wants a price cap on its gas markets + More US economists expect recession
The EU wants to cap prices in its benchmark gas market: The European Commission will propose an emergency price cap…
Expat car import scheme could raise EGP 50 bn worth of FX -Maait
A scheme to allow expat Egyptians to import cars into Egypt and draw back customs and other fees at a…
THIS EVENING: EEP is acquiring a majority stake in Selah El Telmeez + One Finance launches consumer finance services. Plus: Xi addresses Communist Party Congress
Good afternoon, wonderful people. We’re hitting the ground running at the start of the week as we jump straight into…
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