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With an economy that relied on large fiscal deficits, loose monetary policy and a managed currency, Egypt ran into trouble following a decline in tourism during the pandemic
To address these pressures, Egypt secured a $35 billion land deal with the United Arab Emirates, providing a much-needed cash infusion.
Investors may find opportunity in large corporate banks, which are earning strong investment income due to high interest rates.
Given the improving macroeconomic backdrop, an interest rate easing cycle is set to begin, allowing loan growth to return to high double digi.
While markets have responded positively to the Republican sweep, scenarios ranging from slower-than-expected deregulation to shallower tax cuts could lead to underwhelming policy implementations, potentially disappointing markets and creating a bifurcation between potential sector beneficiaries and laggards.
While markets have responded positively to the Republican sweep, scenarios ranging from slower-than-expected deregulation to shallower tax cuts could lead to underwhelming policy implementations, potentially disappointing markets and creating a bifurcation between potential sector beneficiaries and laggards.
The economic pain has come in part from President Bola Tinubu’s ambitious reform program, which included increasing fuel prices and transitioning to a market exchange rate.
In terms of investing opportunities, we see promise in telecommunications companies with a presence in Nigeria, which could benefit from growing data demand—as more smartphones are leading to increased data consumption
Institutional investors interested in purchasing high-quality bonds that can offer financial returns while helping to make homeownership more equitable.
Diversity not only powers innovation, but it makes for a much richer experience for all of us. I’ve been very fortunate to work for Morgan Stanley.
In today’s high-interest-rate environment, it has become even more expensive to make monthly payments on a home, creating a challenging environment.
Right now, however, homeownership rates are declining, with the greatest losses among middle-income households.At the same time the distribution of housing wealth is worsening, with low-, moderate- and middle-income households
In today’s high-interest-rate environment, it has become even more expensive to make monthly payments on a home, creating a challenging environment
Generative AI and its need for energy are straining power grids but may also offer solutions to managing energy demand.
With homeownership rates on the decline and the wealth gap in the U.S. widening, state housing agencies are raising capital from private markets to provide down payment
U.S. state housing finance agencies are issuing bonds to raise money for programs that include assistance with down payments.