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KSA’s Public Investment Fund is reportedly in talks to acquire Saudia
The move would see PIF consolidating Saudia within its growing aviation portfolio
World Bank pledges USD 6 bn financing package for Egypt
The funds will be split between the government and Egyptian private sector
US investors, beware Chinese zombie companies
The US House of Representatives last week voted to give ByteDance six months to sell TikTok or face a ban…
EFG Finance is launching a new subsidiary to finance SMEs
The new venture will allow EFG Finance to bridge a gap in its product offerings
Dubai’s first IPO of the year was 165x oversubscribed
Dubai’s public parking operator Parkin raised AED 1.57 bn (c. USD 429 mn) from its IPO, with over AED 259…
Three Gulf wealth funds inch closer to the USD 1 tn mark
UAE, KSA, Kuwaiti wealth funds each inch close to USD tn worth of assets: Gulf sovereign wealth funds have been…
Stock market rallies convince analysts of global risk reset
Stock markets rallies make analysts believe a risk reset is around the corner: The world’s most prominent indices — S&P…
Green Hurghada project secures USD 3 mn in funding. PLUS: News from NBE, FABMisr, Elsewedy Electric
The project is being carried out by the United Nations Industrial Development Organization and the Environmental Affairs Agency
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