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Musk takes over at Twitter + US earnings face USD 10 bn hole in 3Q thanks to stronger greenback
Musk is now officially chief twit: Elon Musk has closed his USD 44 bn acquisition of Twitter after a six-month…
MNT agrees to sell 21.7% stake to Chimera Investments
Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments — which is majority-owned by GB Auto subsidiary GB Capital…
SODIC offers to buy O West developer ORE for EGP 2.46 bn
SODIC is making a bid to acquire Orascom for Real Estate (ORE). The upmarket real estate developer has submitted a…
THIS EVENING: SODIC bids for Orascom for Real Estate + State ownership policy document coming in “weeks,” Madbouly says
Happy hump day, wonderful people, and what a news dump day it is. There’s a little bit of everything happening…
Novartis will allow a local manufacturing of leukemia med + Network International could ramp up competition in Egypt’s PoS space
Leukemia meds could be produced locally in Egypt: Pharma giant Novartis signed a licensing agreement allowing local manufacturers in seven…
Saudi wealth fund acquires minority stake in EIPICO
PIF now owns a slice of EIPICO: Saudi Arabia’s sovereign wealth fund is strengthening its position in Egypt’s pharma sector,…
UAE investor snaps up 3% of Edita
Emirati investment firm Rimco Investments acquired a 3.0% stake in Edita for EGP 192 mn in a transaction Thursday, Bloomberg…
ArabyAds acquires influencer marketing platform indaHash + Egypt comes in #3 for MENA M&A
The day in M&A: Egypt-born startup ArabyAds closed a major international acquisition, while Refinitiv data puts Egypt at #3 in…
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