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Boomtime over? Tecom shares fall in Dubai debut
Another sign that the Gulf IPO boom may have peaked: Dubai business park operator Tecom Group dropped as much as…
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,…
Food is more expensive than ever + EM funds brace for a tough year
Global food prices surged to a new all-time high in March as the Russia-Ukraine war battered already inflated commodities and…
Agthia still has its eye on Egypt acquisitions
UAE’s Agthia eyes more Egyptian acquisitions following more than sixfold growth in net income: Emirati state-owned investment firm ADQ Holding’s…
Big firms splash pandemic stash on buybacks
US companies have been leveraging high cash balances accrued during the pandemic to increase share buybacks, in a trend that…
Siemens Energy appoints new Egypt managing director
Siemens Energy has appointed Layla El Hares (LinkedIn) as its managing director for Egypt, the company announced in a press…
State Department nods to USD 2.5 bn arms sale to Egypt
US green-lights USD 2.5 bn Egypt arms sale: Egypt could spend as much as USD 2.5 bn (EGP 39.3 bn)…
Qatar Energy snags 17% stake in Shell’s Red Sea blocks
Qatar Energy is set to acquire a 17% stake in two Shell-operated oil and gas exploration blocks in the Red…
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