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Abu Dhabi wealth fund ADQ acquired a 40.5% stake in Icon
Author Archives: enterpriseam admin
Posted inRED SEA WATCH
US, UK launch strikes in Yemen + Suez Canal revenues down 40%
The US and UK attacked a total of 60 targets in 28 locations, including military bases across Yemen
Posted inEconomy
Finance Ministry to announce new social security package + tax incentives for investments in 2024
The new social security measures and tax policy framework will be discussed during public consultations next month
Posted inEconomy
Inflation eases for a third consecutive month to seven-month low
Inflation slowed to 33.7% in December driven by falling core inflation
Posted inInvestment Watch
Tabreed terminates CapitalMed contract over FX concerns
The company says it remains committed to investing in the country
Posted inUncategorized
CIB, ADIB cut credit card limits on FX spending
The central bank has been tightening its grip on FX transactions in recent months
Posted inLAST NIGHT’S TALK SHOWS
Egypt’s response to Israeli allegations it closed the Rafah crossing dominated the airwaves
Israel made the claim while defending itself from charges of genocide at the International Court of Justice
Posted inAlso on our Radar
Egypt is getting a green data center. Plus: Safaga logistics area, Palm Hills sales, World Bank visit, Adib + Giza Systems, gold exploration tender extended
The data center will be powered by some 200 MWs of solar and wind energy