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Logistics (MENA) 
Output cuts are taking their toll on Saudi oil income
Monthly oil revenues fell by a third in May to hit their lowest level since September 2021
Federal Reserve expected to hike rates this week
A 25-bps hike would take the benchmark rate to its highest level since 2001
Taqa Arabia shareholder sells 20% stake. PLUS: Beltone’s SODIC office building buy, Qalaa to study green aviation fuel with French firm — and more
The block trade comes three weeks after the company’s shares began trading on the EGX
Oil prices to rise this year amid “serious” supply-demand imbalance, says IEF official
Oil exporters have removed more than 1 mn barrels of oil per day from the market this year under efforts…
Global banks are pricing in a soft landing as greenback weakens
But corporate defaults are expected to rise as high rates bite
Beltone’s record EGP 10 bn capital increase closes, sees foreign institutions take stakes
Second phase of rights issue was c. 5.5x oversubscribed
China’s economy slowed further in the second quarter
GDP came in below expectations, growing just 0.8%
Rate hikes fuel profit surge among big US banks
PLUS: Oil market shows signs of tightening as Brent price passes USD 80
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