Cairo / Emirates Business The Emirates NBD Purchasing Managers’ Index (PMI) for Egypt, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the Egyptian private sector. Commenting on the Egypt PMI survey, Daniel Richards, MENA Economist at Emirates NBD, says, “The positive PMI reading for the first month …

Bloomberg Barclays Plc, one of Europe’s biggest investment banks, hired a team of equity analysts from rival Societe Generale SA as Chief Executive Officer Jes Staley seeks to make more money from trading stocks. Warren Ackerman has joined from the French bank as head of European consumer equity research along with Michael Sanderson, who will be Barclays’s co-head of diversified …

Bloomberg The coming week may prove to be a crucial one for the Indonesian rupiah. As Wednesday’s policy decision approaches, Bank Indonesia finds itself under pressure to raise the benchmark rate again even after increasing it by a combined 100 basis points since mid-May to stem a slide in the currency. Rupiah headwinds have steadily increased in recent weeks and …