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S&P 500 companies to post slower growth this earnings season + Privately traded tech firms see prices plummet
The crystal balls continue to predict a rocky earnings season ahead: The crisis in Ukraine and rising inflation is forecast…
SFE sub-funds for state-owned stake sales?
The Sovereign Fund of Egypt (SFE) could launch a sub-fund responsible for managing the sale of state-owned companies on the…
Current account deficit narrows in 2Q 2021-2022
Egypt’s current account deficit narrowed to USD 3.8 bn in 2Q 2021-2022, from USD4.8 bn in the same period last…
FAB drops its bid for EFG Hermes. Plus: Incolease, Mondi in transactions.
Emirati lender First Abu Dhabi Bank (FAB) has dropped its bid for a majority stake in leading financial services corporation…
THIS EVENING: First Abu Dhabi Bank withdraws EFG acquisition bid + Musk wants all of Twitter. Plus: NYC subway shooter arrested.
We made it to the weekend, friends, and we’re being rewarded with yet another big news day to really feel…
Rasmala sees 15% inflation, 2x rate hikes by July — and really likes our carry trade
15% inflation + two more rate hikes by July? That’s the prognosis given by Doug Bitcon, head of credit strategies…
Nigeria-based fintech OPay moves forward with pre-paid cards and more in Egypt
OPay is expanding in Egypt: Nigeria-based fintech player OPay is preparing to expand its footprint in Egypt, launching pre-paid cards…
Edtech startup Sprints closes USD 1.2 mn Series A round
Cairo-based edtech startup Sprints has closed a USD 1.2 mn Series A round led by the Alexandria Business Angels Network…
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