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PMI contracts at sharpest rate in five months
This is the 35th straight month that Egypt’s non-oil economy has been in contraction
More funding from the AfDB. PLUS: ICON is heading to Saudi and we’re in for Indian, and German investments
The AfDB plans to lend us USD 349 mn before the end of the year
EFG Hermes-backed education firm could enter Saudi market. PLUS: Vortex has so far invested EUR 300 mn in Ignis
EEP could roll out its own brands in KSA or acquire and invest in new brands
IPO hype may be over in Western markets
Analysts don’t expect investor appetite for IPOs to return until 2024
Emaar eyeing up state-owned New Alamein towers. Plus: PFI-owned Red Sea global looks toward Egypt
The Emaar chairman stated that the company is committed to making further investments in the country
Suez Canal transit fee reductions for south west Africa ships. Plus: Banque Misr x Etisalat, NBE x MSMEs, NWFE x Climate Investment Fund, NWFE x French Development Agency
Suez Canal revenues are expected to hit a record USD 10.3 bn by the end of 2023
Capital is leaving China at the fastest pace since 2016
The country’s currency is facing renewed pressure after investors pulled USD 75 bn in net outflows in September
EIPICO wants USD 70 mn to build third factory. PLUS: GYPTO Pharma signs EGP 4 bn worth of agreements with Saudi firm
The two banks in question to provide the funding are Qatar National Bank and Banque du Caire
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