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TONIGHT: We’re waiting on Egypt's draft budget. + More from G7 summit. ALSO: Eastern Company isn’t selling securitized bonds.
Good afternoon friends, and welcome to the start of another busy work week. Between the G7 meetings and the heads…
Ebtikar sets IPO deadline by 4Q2021
Ebtikar has narrowed the deadline for its planned EGX debut to 4Q2021, after having eyeda larger window within 2H2021 to…
TONIGHT: Egypt’s annual headline inflation reaches 4.8% in May + Kenya, Uganda and Tanzania seek USD 16 bn for post-covid recovery. ALSO: ECB to set monetary policy today.
It’s a busy news day to wrap up the week, ladies and gents. We have a mix of major macro…
Rising inflation a “time bomb,” says Deutsche Bank
Rising inflation could be a ticking “time bomb”: Deutsche Bank economists have warned of an impending global economic crisis starting…
Record inflows into ETFs could be backstopping global stocks
ETFs see record inflows in 2021: Inflows into exchange-traded funds have accelerated at a record pace so far this year…
Construction of TMG’s EGP 500 bn Nour City has begun
Construction of Talaat Moustafa Group’s EGP 500 bn Nour City development has begun, after Housing Minister Assem El Gazzar and…
E-commerce platform Tejarra and fintech player MoneyHash raise separate six-figure USD rounds
Egyptian e-commerce platform Tejarra.com has raised a six-figure USD seed investment from venture capital firm Openner, according to a press…
El Salvador is going all in on BTC
El Salvador may become the first country to make BTC its legal tender in the coming weeks, CNBC reports. In…
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