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US equities are continuing to rally despite a poor earnings season
US shares are rallying this month despite weak 2Q earnings reports and gloomy economic outlooks, the Wall Street Journal notes.…
EIPICO waiting on UP Pharma DD clearance + Agthia hasn’t (yet?) submitted a bid to acquire Obourland
UP Pharma is still studying EIPICO’s takeover bid: Upper Egypt Pharma (UPPharma) has not yet given Egyptian International Pharma Industries…
Do Egyptian startups need to start tightening their belts?
Startups globally are being urged to cut spending. What’s the advice for Egyptian startups? The pandemic era startup gravy train…
BRI blowback
China’s Belt and Road Initiative could be in trouble as debt crises loom in emerging markets: The ambitious overseas lending…
Nigerian auto startup plans to launch EVs in Egypt next year
This Nigerian startup is planning to launch EVs in Egypt: Metro Africa Xpress plans to debut its electric vehicles in…
THIS EVENING: Pachin BoD rejects Saybad takeover bid + Uber raises prices on higher fuel costs. Plus: Interest rate decisions from Turkey and the ECB
We’ve officially made it to the weekend, friends. As you join the exodus to Sahel (or if you managed to…
GASC in talks for new wheat buy + the Cairo hotel market rebounds in 2022
GASC is in direct talks with 14 wheat suppliers to buy an undisclosed amount of wheat, traders tell Reuters. The…
Euromoney awards for HSBC, EFG Hermes and CIB
EFG Hermes, HSBC and CIB walked away with awards from the 2022 Euromoney Awards for Excellence last week. HSBC was…
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