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Nasdaq falls into correction as tech exit continues + Early Swvl investors eye Africa SPAC
Nasdaq enters correction as Wall Street sell-off continues: The sell-off in US tech stocks continued yesterday, leaving the Nasdaq down…
Last Night’s Talk Shows: Minimum wage hike tops the agenda for second day running
The 12.5% hike to the minimum wage announced on Tuesday continued to dominate the airwaves on a quiet night last…
Primary surplus falls y-o-y in 1H2021-2022
Egypt generated a EGP 3.2 bn primary surplus in 1H2021-2022, Finance Minister Mohamed Maait said during the weekly cabinet meeting…
Coming Fed tightening triggers equities rotation, rising yields
US markets overall took a sharp dip on Tuesday as yields rose: The S&P 500 fell 1.8%, the Dow Jones…
Poorest countries inch closer to debt crisis as pandemic relief program ends
Low-income countries are in peril over debt, World Bank warns: Developing countries are facing a 45% surge in debt repayments…
Egypt takes out USD 10.3 bn of development loans in 2021
Egypt borrowed USD 10.3 bn from bilateral and multilateral lenders in 2021, according to the International Cooperation Ministry’s annual report…
London bourse could partially open up to private firms + JPMorgan splurges on tech
The LSE could offer private firms special listings in bid to attract tech startups: Private companies could begin publicly trading…
Egypt to receive USD 1 bn soft loan from South Korea
South Korea will provide a USD 1 bn soft loan to Egypt, the country’s ambassador to Cairo, Hong Jin-wook (Twitter),…
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