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THIS MORNING: Worst day for global stocks since June 2020; It’s inflation day here in Egypt
Good morning, friends, and happy hump day. We have a really packed issue for you today, so let’s jump right…
THIS MORNING: A big economic announcement from Madbouly today? Also: Foreign reserves were largely stable month-on-month in March
Good morning, everyone, and welcome to a news day that is all about what the fallout from Vladimir Putin’s war…
Abu Dhabi Ports to build and run Safaga terminal, cruise ship infrastructure
Abu Dhabi Ports to develop and run Safaga terminal in JV with state authorities: Abu Dhabi Ports (ADP) has signed…
More from El Sisi’s economy speech: Growing the EGX, support for local industry + cutting public debt
More on the Sisi administration’s plans to boost the economy: The state’s plan to attractUSD 40 bn in fresh investment…
Privatization program back in action this September, says Tawfik
Egypt plans to offer shares in state companies on the EGX starting in September, Public Enterprise Minister Hisham Tawfik told…
EBRD buys into Scatec’s green bond issuance
The European Bank for Reconstruction and Development (EBRD) has confirmed that it is snapping up to USD 100 mn worth…
Fallout from war in Ukraine officially hit the auto industry in March — as expected
Passenger car sales fell 3% y-o-y in March, according to figures from the Automotive Information Council (AMIC), an industry association…
Charges brought against the man behind the invisible whale
Archegos founder, CFO arrested on 11 criminal counts, including security fraud: Archegos Capital Management founder Bill Hwang and CFO Patrick…
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