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Swvl to sell USD 20 mn in fresh stock via private placement
Cairo-born mass transport app Swvl has agreed to sell new shares to an institutional investor, giving it an important cash…
The Mogamma will become the Cairo House Hotel by the end of 2024
The Mogamma’s face-lift could be finished in 2024: The consortium of investors redeveloping the Mogamma into a hotel will finish…
The first half of the year was good for M&A in Egypt
Egypt has been a MENA M&A hotspot so far in 2022: Egypt recorded 65 M&A transactions worth USD 3.2 bn…
The Saudis have arrived
The Saudi sovereign wealth fund acquired minority stakes in four EGX-listed companies for USD 1.3 bn yesterday, the Planning Ministry…
THIS EVENING: KSA snaps up USD 1.3 bn-worth of stakes in four state-owned, EGX-listed companies + It’s all about inflation today
Good afternoon, wonderful people. It’s a mostly good news kind of Wednesday, with the entry of Saudi sovereign wealth fund…
Money is leaving private equity, venture capital at a record pace
Investors are leaving private equity and VC funds at a record pace this year, as the era of cheap money…
Arab Alloys to build EGP 1 bn industrial complex in SCZone
The newly-established Arab Alloys Company is investing EGP 1 bn to build a ferroalloys industrial complex in the Suez Canal…
CFC Group to build USD 400 mn industrial complex in Qena under the new regional industrial partnership
Emirati fertilizer company CFC Group will establish an industrial complex in Qena Governorate under the new joint industrial partnership between…
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