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Aramco could deliver one of the world’s biggest IPOs this year
Saudi Aramco is considering an IPO of its trading unit in a transaction that could be worth more than USD…
Finance
Rameda + IFC collab on sustainability
Rameda Pharma will work with the International Finance Corporation (IFC) to improve the sustainability of its operations, according to a…
Global growth prospects appear to be weakening
Global growth prospects appear to be weakening after the EU cut its GDP forecast and data out of China pointed…
Banking and rail news aplenty + Edita is looking at microfinance
There’s plenty of banking news: The Central Bank of Egypt has joined the global Network forGreening the Financial System (NGFS),…
Aramco reports record quarter profits on higher oil prices
Saudi Aramco reported record net income in 1Q 2022, on the back of surging oil prices and rising demand, the…
Etisalat acquires 9.8% stake in Vodafone
Etisalat acquires 9.8% stake in Vodafone: Our friends at the UAE telecoms giant Etisalat Group (e&) have acquired a 9.8%…
MSCI adds EFG Hermes to global standard index, e-Finance enters small-cap index
MSCI tweaks Egyptian firms included in its global indices: EFG Hermes has been added to MSCI’s standard equities index from…
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…
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