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Aldar could invest USD 1.5 bn in Egypt, Saudi + the UAE over the next year
Emirati real estate giant Aldar Properties still sees potential to invest another USD 1.5 bn in Egypt, Saudi Arabia and…
Delta Sugar denies it’s the subject of an ADQ takeover bid
ADQ is being linked to everyone right now: Delta Sugar has denied knowledge of a rumored acquisition bid by Abu…
B investments has a month to pre-empt Adnoc’s play for half of TotalEnergies Egypt
Could B Investments pre-empt Adnoc’s bid for TotalEnergies Egypt? Private equity outfit B Investments is “evaluating all options” after Adnoc…
THIS EVENING: B Investments hasn’t decided whether to exercise its preemption rights in Adnoc acquisition + China reports slowing factory activity as KSA sees booming growth
Good afternoon, wonderful people. It’s a relatively calm start to the week, after last week saw the news cycle dominated…
Swvl has terminated its acquisition of UK-based Zeelo due to “market volatility”
Swvl’s acquisition of UK-based smart bus platform Zeelo is off: Cairo-born mass transport app Swvl will not be acquiring UK…
Adnoc is buying 50% of filling station chain TotalEnergies Egypt
Adnoc is entering Egypt’s fuel retail space: The distribution arm of Abu Dhabi National Oil Company (Adnoc) has agreed to…
Chimera will get at least 56% of Beltone after OFH accepts offer
Orascom Financial sells Beltone stake to Chimera: Chimera Investments will acquire at least 56% of Beltone Financial after Orascom Financial…
Infinity, AFC eye USD 4 bn to double Lekela’s capacity
Infinity + AFC plan USD 4 bn investment to double Lekela’s capacity: Our friends at renewables player Infinity Group and…
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