2023-09-07 09:15:00

Just landed at the Lakers, Christian Wood did not hesitate to signify his new love for the purple and gold jersey… while sending a nice punchline to the Mavericks. A little beef to spice up the end of the summer, that makes us want to attend the return of the guy in Dallas like.

Big money business? Without a doubt. Remember, we were talking to you last January that the Mavericks were rather convinced of the contribution of their interior and considered giving him two additional years of contract for 32 million dollars. A very tidy sum, enough to see coming… but nothing happened. Ah, no big deal, we’ll wait for the summer, huh. Yes, but the concern is that the Mavericks failed miserably at the end of the season, missing the Playoffs despite a team cut out to fight beyond April.

Christian Wood statement to @andscape regarding signing with the Lakers. The former Mavericks forward opted not to discuss his former team. pic.twitter.com/YvV1BJvgDH

— Marc J. Spears (@MarcJSpears) September 6, 2023

A disillusion that had consequences in the management of the group this summer. From 32 million potential in January, we went to the wind in July. And no serious proposal from the Mavericks board for a Christian Wood without any contract. Fortunately, the Lakers arrived and signed – in a very clever way – the boy for the minimum salary, namely 2.7 million the first year and a player option for the second, at 3 million. A “derisory” amount compared to the figures mentioned above. And inevitably, a little (a lot?) of resentment at Wood.

“I always wanted to be a Laker, and I know you can win a title. Communication with the coach was key. I know Coach Ham from Milwaukee, and we discussed this opportunity every day. He believes in me, and he told me that I was going to play a great role, that he knew what I might bring. I can’t wait, and believe me, I’m motivated following what Dallas has done.” –Christian Wood

Ouch. Known to be a good attacker but a poor defender, Christian Wood is undoubtedly a good piece – given the price – for the Lakers, who will however have to learn to manage his playing time well so that he does not make the team dive , a bit like Carmelo Anthony when he landed in Los Angeles. In any case, we can’t wait to watch the Mavericks – Lakers, which will take place on December 13.

This season, with the Mavericks, Christian Wood has offered 16.6 points, 7.3 rebounds and 1.8 assists at 51.5 percent shooting.

Source : Marc J. Spears

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#motivated #Dallas

2023-09-07 09:15:00

The Minister of Finance said that his country needs a guarantee of half a billion dollars to issue its bonds in yuan

Cairo – Al Arabiya.net

Posted on: September 07, 2023: 01:15 PM GST Last updated: September 07, 2023: 01:57 PM GST

Egyptian Finance Minister Mohamed Maait said that his country will obtain $1 billion in yen and yuan bonds before the end of 2023.

Maait added, in exclusive statements to Al-Arabiya TV, that negotiations are underway with the Asian Infrastructure Bank to issue a guarantee for bonds in Chinese yuan.

“We need a guarantee of half a billion dollars to issue our bonds in Chinese yuan,” he said, noting that the guarantees for issuing bonds in Japanese yen have been completed.

The Egyptian Minister of Finance confirmed negotiating with international institutions to secure $1.5 billion in funding, which we will get next month.

The Egyptian currency has lost regarding half of its value once morest the dollar since March 2022, following the Ukrainian crisis revealed weaknesses in its economy.

A $3 billion loan approved by the International Monetary Fund in December has defaulted because of Egypt’s slow pace of selling state assets and a flexible exchange rate.

A Archyde.com poll showed, the day before yesterday, Tuesday, that the inflation rate in Egyptian cities is expected to rise to a new record in August, following breaking records in June and July, with the increase in tobacco prices and cultural and entertainment services.

The median forecast of 14 analysts who participated in the survey showed that annual urban consumer price inflation rose to 37.1 percent, following hitting an all-time high of 36.5 percent in July and 35.7 percent in June. The previous highest level was recorded in July 2017 and reached 32.95%.

Seeking to contain inflationary pressures and inflation expectations, the central bank raised the key overnight interest rate by 100 basis points on August 3, bringing the deposit yield rate to 19.25%. Since March 2022, the Bank has raised interest rates by 1,100 basis points.

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#receive #billion #funding #international #institutions #month