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Adnoc Drilling sells USD 935 mn stake in secondary sale
The Adnoc subsidiary priced its offering at AED 3.90 a share
The details of Philip Morris’ Eastern Company stake acquisition. PLUS: News from Azza Fahmy, cabinet, INA
Philip Morris snapped up 49% of the UK-registered UK Egypt Investments Holding Limited, the sole owner of Global Investment Holding
Zakaria Hamza tapped as CEO, MD of EMX
The Egyptian Mercantile Exchange has a new CEO: Zakaria Hamza has been tapped as the new CEO and managing director…
Wepco mulls USD 420 mn expansion of oil storage infrastructure at its Al Hamra Terminal
Wepco is planning to process 95 mn barrels of oil during the next fiscal year — an average of 260k…
QatarEnergy to acquire 40% stake in two of ExxonMobil’s offshore exploration blocks in Egypt
ExxonMobil will retain the remaining 60% of the two concessions.
Inflation cools for the second consecutive month in April
On a monthly basis, food prices fell 0.9%
Raya Contact Center’s board greenlights full acquisition of Gulf CX. PLUS: Oxy Egypt’s UAE expansion, new private freezone plans, Ras El Hekma marina greenlit
Raya CX acquired an 85% stake in the company in 2021
Telecom Egypt eyes USD 500 mn loan from Chinese lender. PLUS: Credit Agricole, Hyundai Rotem, UK Export Finance, ADES, Haier, Islamic Trade Finance Corporation, EgyptAir, Matouk Bassiouny
The company will reportedly pay for the loan in CNY given that a portion of its revenue stream originates from…
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