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A terrible day in the US bond market as Powell ups the ante on inflation
US treasuries experienced one of their biggest daily sell-offs in the past decade yesterday after Federal Reserve Chairman Jay Powell…
More than a spoonful sugar to help the medicine go down
Gov’t announces EGP 130 bn in tax incentives + brings forward social safety measures following rate hike and devaluation: Fresh…
Aramco profits double in 2021, announces plans to raise oil + gas production
Saudi Aramco plans to hike spending this year as it looks to ramp up oil and gas production in the…
US stocks have best week since November 2020
US stocks had their best week since November 2020 last week following US-China talks on Ukraine and as the oil…
IDH to open 18 new branches in Egypt this year
IDH to open 15 Al Borg Labs, 3 Al Borg Scan branches in 2022: EGX and LSE-listed consumer healthcare giant…
Chinese shares have best day since ‘08 after officials signal support
Chinese shares skyrocket after officials make pro-market pledges: Chinese markets had a massive day yesterday, with US-listed shares soaring and…
Dilenytech acquired by US therapy provider, Welnes lands USD 300k seed round + IFC commits USD 5 mn to Disruptech fund
US-based therapy provider Astute Imaging has acquired Egypt-based healthtech startup DilenyTech, which provides radiology screening and diagnostic solutions powered by…
US stocks rally ahead of Fed decision; oil continues to plunge
Stocks rally ahead of Fed meeting: US stocks staged a comeback in yesterday’s session as oil prices continued to fall…
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