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Appetito acquires Tunisian e-grocer Lamma
Cairo-based grocery delivery startup Appetito has acquired Tunisian startup Lamma for an undisclosed sum, it said in a press release…
Raya finalizes Ostool sale
Raya Holding is close to selling its 62.3% stake in freight subsidiary Ostool to Paradigm Logistics for EGP 266.6 mn,…
Eastern to acquire 24% of Egypt’s second tobacco manufacturer
It’s official: Eastern will acquire a quarter of Egypt’s second tobacco manufacturer after the company’s general assembly approved the EGP…
Gov’t could sell 20-25% of Egyptalum, potentially to an Arab sovereign fund + 25% of new state-owned hotels company will be listed on the EGX
The state plans to sell a stake in EGX-listed Egypt Aluminum (EgyptAlum) to a “strategic investor,” Public Enterprises Minister Hisham…
ADQ, Chimera launch Middle East’s first blank-check company
Introducing the Middle East’s first SPAC: ADQ and Chimera’s ADC Acquisition Corporation officially began trading in Abu Dhabi on Friday,…
US interest rates could be 100 bps higher by July
Two more 50-bps Fed rate hikes coming up? That’s what the newly-released minutes(pdf) from the Federal Reserve’s May meeting suggest.…
Qatari dairy outfit Baladna ups its stake in Juhayna
Baladna buys more JUFO shares: Qatari dairy firm Baladna raised its stake in EGX-listed dairy company Juhayna to 10.14% from…
THIS EVENING: Egypt’s GDP growth slows in 3Q + Texas mass shooting prompts renewed gun law reform push
Good afternoon, wonderful people, and welcome to what we affectionately call almost-THURSDAY. The weekend is almost upon us — but…
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