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Morgan Stanley raises MSCI Europe’s ’24 index target on AI boom
Morgan Stanley raised its year-end target for the MSCI's European index on Tuesday, citing the positive impact of…
Egypt’s c. bank achieves net profit of EGP 80.2b in Jan.
The Central Bank of Egypt (CBE) achieved a net profit of 80.230 billion Egyptian pounds during January 2024, the…
Bitcoin soars as large players enter market
Bitcoin hit a two-year high on Tuesday due to major buying signals; it set itself up for its most potent two-day…
Private credit in Europe surpasses pre-rate hike levels
European private lending activity rebounded to levels last seen in mid-2022, indicating a growing trend among…
Egypt’s AMIC profits hit EGP 221.358m in ’23
Egypt-based Arab Moltaka Investments Company (AMIC) achieved a net profit of 221.358 million Egyptian pounds in…
Qalaa’s unit signs debt settlement deals
Egypt’s Qalaa Holdings said on Tuesday its subsidiary National Development and Trade (NTD) had signed an agreement…
Egypt, Nigeria to boost competition protection
The Egyptian Competition Authority’s (ECA) head Mahmoud Momtaz met with his Nigerian counterpart to discuss…
Russia halts gasoline exports for 6 months
Russia imposed a six-month gasoline export ban starting on March 1 to stabilise prices due to increased demand from…
US companies to issue bonds via Singapore to benefit from tax system
Tax advantage is motivating American companies like PepsiCo and International Business Machines Corp. to issue…
NBK Egypt posts EGP 4.021b in 2023
The National Bank of Kuwait – Egypt (NBK Egypt) has seen a net profit of 4.021 billion Egyptian pounds during 2023,…