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US interest rates could be 100 bps higher by July
Two more 50-bps Fed rate hikes coming up? That’s what the newly-released minutes(pdf) from the Federal Reserve’s May meeting suggest.…
Qatari dairy outfit Baladna ups its stake in Juhayna
Baladna buys more JUFO shares: Qatari dairy firm Baladna raised its stake in EGX-listed dairy company Juhayna to 10.14% from…
THIS EVENING: Egypt’s GDP growth slows in 3Q + Texas mass shooting prompts renewed gun law reform push
Good afternoon, wonderful people, and welcome to what we affectionately call almost-THURSDAY. The weekend is almost upon us — but…
Commodity prices are bolstering EM currencies against a surging greenback
EM currencies are standing strong in the face of a strengthening greenback: Emerging-market currencies have outperformed those in developed economies…
Saudi healthcare group looks to enter Egypt by acquiring New Cairo hospital
Saudi Arabia’s Mouwasat Medical Services has signed a non-binding MoU to acquire 100% of Al Marasem International Hospital in an…
Egypt Education Platform enters pre-K sector with acquisition of two preschools
Education management firm Egypt Education Platform (EEP) will acquire a majority stake in Montessori preschool chains Trillium and Petals, it…
Saudi food group eyes Ole bakery + Ibnsina breaks into hospitals with El Shorouk acquisition
Saudi food conglomerate Savola Group is close to acquiring the Egyptian Belgian Company — best known for its Ole-branded baked…
PIF eyes United Bank amid state privatization push
The Saudi sovereign wealth fund is considering making a bid to acquire United Bank, Hapi Journal reported yesterday, citing sources…
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