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Investing in 2024: What to Expect

Investing in 2024: What to Expect

AS we enter 2024, the investment landscape is expected to undergo significant changes. Here are some of the top trends that investors should keep an eye on: BRETT SILBERG Last Year’s Biggest Winners: In 2023, the stock market was the place to be for investors. The S&P 500 was up nearly 25%, and the Nasdaq had gained almost 43%. The biggest gainers were the FAANG stocks, which have now been dubbed “The Magnificent Seven”  However, it’s important to note that past performance is not indicative of future results. Bonds Are Coming Back in 2024:  With interest rates more likely to…
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Egypt plans sukuk to finance government investment projects

Egypt plans sukuk to finance government investment projects

EGYPT'S government plans to issue sharia-compliant sukuk bonds, as well as more Eurobonds and Green bonds, to fund public projects, the finance ministry said on Monday. The country aims to increase the government's contribution to state-backed green investments in next year's budget as part of a programme coinciding with its hosting of the COP27 United Nations Climate Change Conference in November, the ministry added. Egypt's government became the first in the Middle East and North Africa to issue Green bonds when it issued five-year Green bonds in September 2020 with a $750 million deal to finance environmentally-friendly projects in the…
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