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FinMin narrows deficit target for this fiscal year as economy withstands global turmoil
The Madbouly government now expects the budget deficit to contract to 6.2% this fiscal year, down from a previous 6.9%…
Dubai utilities firm makes USD 6 bn debut + Surprise: War in Europe is bad for global trade
DEWA pulls off one of the biggest IPOs since Aramco: Dubai’s main utilities firm DEWA has raised USD 6.1 bn…
GAFI could ban forex payments between shipping + cargo handling firms
No more USD payments on cargo handling? The Finance Ministry has directed the General Authority for Investments and Freezones to…
Enterprise Explains: Derivative Trading
Enterprise Explains: Derivative Trading. Warren Buffet famously referred to derivatives as “financial weapons of mass destruction” in a 2002 shareholder’s…
Sovereign bond sales are on the up — and Egypt could be the biggest issuer in the region in 2022
Global sovereign bond sales will hit USD 10.4 tn this year, almost a third above the pre-covid average, S&P Global…
USD 1 bn IPO in the works for Aramco subsidiary + the UK wants in on NFTs
Yet another Gulf IPO? Saudi Aramco subsidiary Luberef is looking to make its Tadawul debut in an IPO that could…
Our wheat reserves are dipping — but FinMin has lined up the funds to buy big in the local harvest
Our strategic wheat reserves have taken a dip: Egypt currently has enough wheat to cover the next 2.6 months’ worth…
A strong start to the year for sukuk + investors sentiment tanks on high-growth firms
Surging oil prices gave sukuk transactions their best ever start to a year in 2022, Bloomberg reports. Sales of new…
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