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Commodity prices are bolstering EM currencies against a surging greenback
EM currencies are standing strong in the face of a strengthening greenback: Emerging-market currencies have outperformed those in developed economies…
Saudi healthcare group looks to enter Egypt by acquiring New Cairo hospital
Saudi Arabia’s Mouwasat Medical Services has signed a non-binding MoU to acquire 100% of Al Marasem International Hospital in an…
Egypt Education Platform enters pre-K sector with acquisition of two preschools
Education management firm Egypt Education Platform (EEP) will acquire a majority stake in Montessori preschool chains Trillium and Petals, it…
Saudi food group eyes Ole bakery + Ibnsina breaks into hospitals with El Shorouk acquisition
Saudi food conglomerate Savola Group is close to acquiring the Egyptian Belgian Company — best known for its Ole-branded baked…
PIF eyes United Bank amid state privatization push
The Saudi sovereign wealth fund is considering making a bid to acquire United Bank, Hapi Journal reported yesterday, citing sources…
THIS EVENING: Fawry delays US listing indefinitely + Saudi’s Savola Group nears Egyptian Belgian Company acquisition + Ibnsina Pharma acquires El Shorouk Hospital
Good afternoon, ladies and gentlemen, and welcome to an already-busy start to the workweek. The news cycle is hitting the…
Shell subsidiary acquires ExxonMobil’s offshore Mediterranean block
Shell subsidiary BG International is acquiring 100% of ExxonMobil’s North East El Amriya offshore gas block under a farm-out agreement,…
THIS EVENING: Shell to fully acquire ExxonMobil’s North East El Amriya offshore block + Finland and Sweden formally request to join NATO + EU to unveil its plan to phase out Russian gas
Good afternoon, friends, and happy almost-THURSDAY. It’s another busy news day on the home and international fronts. THE BIG STORY…
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