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Amazon has five years to swap EFG GDRs for valU shares
Amazon has five years to swap EFG GDRs for valU shares: EFG Hermes has given Amazon a five-year window to…
THIS MORNING: Online shopping in Egypt is booming; Russia takes Mariupol
The news flow just won’t give us a break right now. Not that we’re complaining, but it would be nice…
Taqa Arabia expands natural gas footprint by acquiring Rosetta’s LNG arm
Qalaa Holdings’ Taqa Arabia has acquired the LNG arm of local energy firm Rosetta Energy, it said in a statement…
Amazon invests in EFG Hermes; could swap for >4% stake in valU at current USD 235 mn valuation
Amazon snaps up EFG GDRs, with option to swap for valU shares: Amazon has agreed to purchase USD 10 mn…
Aramco is the world’s most valuable company
Saudi Aramco has dethroned Apple as the world’s most valuable company, as surging oil prices push its shares to near-record…
German fiberboard maker enters Egypt through JV with Egypt Kuwait Holding
German fiberboard producer Homann Holzwerkstoffe is acquiring a 27% stake in Egypt Kuwait Holding (EKH)’s subsidiary Global MDF Industries, EKH…
Emerging-market currencies see biggest losses since 2020
EM currencies see biggest losses since 2020: Emerging-market currencies are suffering as investors pull out of risk assets in response…
EBRD, SPE Capital, Amethis acquire financial services player GlobalCorp
European consortium acquires GlobalCorp: The European Bank of Reconstruction and Development (EBRD), SPE Capital, and Amethis have acquired a 90%…
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