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Egypt Gets First of UAE Payments After $35 Billion Land Deal

(Bloomberg) Egypt has received the first transfers from the $35 billion in funds pledged by the United Arab Emirates, a massive package of financing that brings closer a currency devaluation and should unlock more international assistance.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldTrump Eyes $4 Billion Stock Windfall as His Legal Bills Pile UpFlawed Valuations Threaten $1.7 Trillion Pri ....

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Egypt Seals Biggest Deal Ever With UAE Investing $35 Billion

(Bloomberg) The United Arab Emirates agreed to invest $35 billion in Egypt, a breakthrough in Cairo’s efforts to end its worst foreign-exchange crisis in decades.Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesUS Unveils Fresh Sanctions on Russia After Navalny’s DeathT-Bills Without Tax Bills? This Fund Says It Cracked the CodeUS Lands on Moon in Historic Feat for Private SpacecraftAT&T Outage Triggered by Company Work on Network ExpansionThe plans include dev ....

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Turkish Central Bank Governor Hafize Gaye Erkan Resigns

Turkish Central Bank Governor Hafize Gaye Erkan Resigns
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Turkish Central Bank Governor Hafize Gaye Erkan Resigns

(Bloomberg) Turkey’s central bank Governor Hafize Gaye Erkan abruptly resigned late Friday night, and President Recep Tayyip Erdogan quickly appointed Deputy Governor Fatih Karahan to replace her, signaling a continuation of the transition to more investor-friendly, orthodox economic policies that Erkan helped to spearhead.Most Read from BloombergStock Market’s ‘Rah-Rah Mob’ Confronts February’s Weak RecordMusk Took Drugs With Some Tesla Board Members, WSJ SaysBiden Swipes at Trump’s Personal ....

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