Morgan Stanley
The bank expects inflation to drop to around 15% in early 2025, with month-on-month inflation returning to levels seen before 2022.
In its latest report, Morgan Stanley revealed a somewhat optimistic outlook for Egypt’s economy on the back of yesterday’s events
In a research note seen by the news outlet, Morgan Stanely suggested Egypt implement a “phased devaluation of the pound in the short term, rather than a complete floatation of the exchange rate” rather than a free float
The report also highlighted the impact of a shortage of foreign currency on foreign investors, “affecting foreign investors’ ability to repatriate capital in a timely manner.”
Morgan Stanley expects its overall tax rate from continuing operations this year to be 22 to 25 percent, depending on where its earnings come from globally.
The Eurobond, which will raise $4 billion to $5 billion, was initially slated for the end of January.
Morgan Stanley has become the sole bidder for Nevsky Center property in the Russian city of St Petersburg from Finnish department store chain Stockmann.
The banks are J.P. Morgan, Morgan Stanley, Citibank, HSBC and National Bank of Abu Dhabi.
The euro steadied on Tuesday after notching up its biggest fall in nearly a month in the previous session.
U.S. corporate acquisitions in China collapsed to their lowest level for 14 years in the first half of this year.
Most Read
