NGE News and Press, Global X MSCI Nigeria From 01/25/23

VANCOUVER, British Columbia, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) reports the results of its annual general and special meeting (the “ Meeting ”) of shareholders held on January 24...

Summary Interest rates rose more than most predicted, and inflation continued its decade-long ability to surprise forecasters. Implicit in both projections is that inflation has peaked, and the majority of rate hikes are behind us. In our view, it would be more prudent to focus on a...

Summary Markets around the world continued to be disappointing in Q3. The challenging global environment leaves investors looking for the light at the end of the tunnel. Despite the positive market reaction, we expect a gradual recession in the US and Europe in the first half of 202...

Summary Economic activity in the Middle East and North Africa (MENA) region is expected to sharply decelerate in 2023 after strong growth in 2022. For the MENA hydrocarbon importers group, we anticipate a real GDP growth slowdown from 4.2% in 2022 to 2.9% in 2023 and 3.1% in 2024. W...

Summary China’s inflection point began with the easing of access to credit in the property sector in October 2022. If the International Monetary Fund’s forecasts for resilient EM economic growth in 2023 prove to be correct, this should have a positive effect on revenue tre...

Summary Foreign exchange (forex) shortages become more pronounced as economies face ongoing high import price pressures and higher debt servicing requirements. Forex depletion challenges servicing debt, thus more sub-Saharan Africa (SSA) countries are likely to seek debt restructu...

Summary Investment-grade EM borrowers continue to achieve positive demand. Both the Kingdom of Saudi Arabia and Emirates NBD enjoyed healthy demand, further confirming the strong investor sentiment towards stronger GCC credits. Nigeria's debt stress should not currently requir...

Summary With growth slowing and recession becoming more of a possibility amid elevated inflation and hawkish central banks globally, GCC bond and equity markets have become more volatile. GCC economies continue to be resilient amid global uncertainty. We believe this year is s...

Summary The new PIA has attempted to improve Nigeria’s fiscal attractiveness by altering many facets of the regimes that apply to oil and gas assets. Without the sanctioning and commissioning of currently unsanctioned projects, Nigeria's overall production will likely decre...

Summary Equities around the world tumbled in one of the more challenging periods in this cycle, with the MSCI All Country World Index (MXWD) posting losses of -15.66%. Challenges abounded in markets around the world, but these were not limited only to emerging markets. Challen...