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Evolve to launch the country’s third gold investment fund in May
The fund will be launched in partnership with asset manager Al Ahly Pharos
Soaring Chinese demand pushes global gold prices to all-time high
Chinese demand for gold jewelry rose 10% over the past year, while Indian demand fell 6%
Netflix reports solid 1Q 2024 earnings, but growth concerns see shares fall
The streaming platform said it would stop reporting subscription figures every quarter
Deficits in the US, China will hurt global economy
The US will record a fiscal deficit of 7.1% in 2025, over three times the 2% average clocked in by…
Post for Investment sees revenue and income jump over 30% y-o-y in 2023. PLUS: National Bank of Egypt subsidiary to set up country’s third gold fund
Post for Investment saw its net income climb 32.4% y-o-y to EGP 664 mn in 2023
Activity in China’s capital markets is on a downward spiral
Mainland IPOs along with follow-on and convertible share offerings fell to the lowest number ever recorded in the first four…
European Central Bank will likely cut rates this summer
The ECB kept rates unchanged when it met last Thursday
World Bank cuts Egypt’s GDP growth for FY 2023/24 to 2.8%
The bank’s forecast is a 0.7 percentage point downward revision from its last assessment
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