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Dubai’s Roads & Transport Authority picks banks for IPOs
The regulator wants to take its taxi and parking businesses public
Manufacturing is slowing across the world
Factory activity in the eurozone is suffering its deepest contraction since the covid-19 pandemic
EFG Hermes tops EGX brokerage league table in July
EFG Hermes captured more than 27% of the market during the month
Citigroup is gearing up for a new run of Gulf IPOs in the coming months
“The pipeline is solid, it’s promising for post the summer and 2024”
Oil prices look to notch biggest monthly gains since January 2022 in July
Brent and US crude have hit their highest levels since April as the market tightens
Is the ‘everything rally’ back?
Investors are piling back into risk assets amid optimism that the Fed has avoided a hard landing
Fed hikes interest rates by 25 bps, signals it’s not done yet
Interest rates are now at their highest level since 2001
Beltone’s 5 bn new shares will land on the EGX today
The company completed a EGP 10 bn capital increase earlier this month
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