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Logistics (MENA) 
El Marakby Steel is carrying out a USD 30 mn export push
PLUS- TBS Holding plans to carry out a EGP 250 mn local expansion plan over the coming three years
Arrest of main Erdogan challenger shakes the TRY, Borsa Istanbul 100
Turkey’s central bank tore through a record USD 11.5 bn on the day of the arrest to try to stabilize…
Fed holds rates steady, warns of rising inflation and slower economic growth
The Fed lowered its GDP growth forecast for the US to 1.7%, down from 2.1%
Fawry got an Islamic financing license from the FRA
PLUS- Siemens Gamesa, EETC to set up a 500 MW wind farm in the Gulf of Suez
Azimut partners with MNT-Halan to launch a EGP 250 mn real estate investment fund
The company aims to grow the fund’s size to EGP 2 bn within two years
Valu could hit the EGX as soon as June — and EFG Holding shareholders are getting a piece of it
Shareholders of EFG Holding are directly in line for a USD 63 mn windfall from the transaction
US stocks see historic “bull crash” amid recession, trade war fears, with investors shifting towards long-term bonds and gold
The stocks’ declining appeal is due to the trade war and concerns over stagflation
Brewing trade war to weigh on global growth, OECD says
It also sees inflation coming in higher than previously forecast
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