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Money is leaving private equity, venture capital at a record pace
Investors are leaving private equity and VC funds at a record pace this year, as the era of cheap money…
earnings
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Global M&A isn’t in Kansas anymore
Global M&A activity has slowed dramatically this year: The value of global M&A transactions has fallen almost a third so…
Macro Group profits rise in 2Q 2022 despite economic headwinds
Macro Group saw its bottom line grow 36% y-o-y to EGP 40.7 mn in 2Q 2022, according to the company’s…
Things aren’t getting any better for Meta
Facebook just killed the tech earnings optimism: Facebook parent Meta saw its first-ever quarterly decline in revenues in 2Q 2022…
SODIC reports 54% increase in new sales in 2Q2022
Upmarket real estate developer SODIC reported (pdf) 51% y-o-y growth in revenues to EGP 1.54 bn in 2Q2022 on the…
So far, so good on US earnings for 2Q
The first US tech earnings are in — and they’re not as disappointing as expected: Microsoft and Google parent Alphabet…
US equities are continuing to rally despite a poor earnings season
US shares are rallying this month despite weak 2Q earnings reports and gloomy economic outlooks, the Wall Street Journal notes.…
CIB net income rises 9% in 2Q 2022
CIB’s net income rose 9% y-o-y to EGP 3.5 bn in 2Q 2022 as demand for short-term credit picked up,…
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