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Logistics (MENA) 
Valu kicks off trading on the EGX today with Amazon set to become its newest direct shareholder
Amazon will soon be able to boast a 3.95% stake in the local fintech giant
Not exactly selling America…
Foreign holdings stood at USD 9.0 tn, just shy of March’s all-time high
Fed stays the course on its wait-and-see approach amid rising economic uncertainty
The Fed now expects weaker economic growth and higher unemployment
The European Parliament gives its final greenlight to EUR 4 bn loan. PLUS: iSchool, State Grid, CI Capital, EgyptAir
A total of 386 out of 567 MEPs voted in favor of approving the loan
Family offices shift focus to private credit
Nearly one-third of family offices plan to boost their private credit allocations this year
EFG Hermes to double down on Saudi with new services
The firm will launch securities lending and borrowing services in 3Q 2025
Markets rebound, but oil jitters and war risks keep nerves taut
The MSCI Emerging Markets Index rose 1% while US and European equities pared back losses
Ride-hailing app Arrw secures operating license. PLUS: Real estate funds, Nowpay + United International Holding Company
The company will kick off operations with a three-month trial period in Alexandria and the North Coast
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