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ADQ, Chimera launch Middle East’s first blank-check company
Introducing the Middle East’s first SPAC: ADQ and Chimera’s ADC Acquisition Corporation officially began trading in Abu Dhabi on Friday,…
FinMin to rollout e-receipts nationwide by mid-2025
All companies will be required to implement the new e-receipt system for B2C transactions by July 2025, the Finance Ministry…
US interest rates could be 100 bps higher by July
Two more 50-bps Fed rate hikes coming up? That’s what the newly-released minutes(pdf) from the Federal Reserve’s May meeting suggest.…
valU to sell EGP 700 mn of securitized bonds in 2Q 2022
valU is planning to issue EGP 700 mn in securitized bonds in a single tranche in 2Q 2022 as part…
MPs greenlight EUR 250 mn EBRD Alex metro loan
EBRD Alex metro loan gets House approval: MPs have approved a EUR 250 mn loan from the European Bank for…
CIB appoints Emirati board members after ADQ stake purchase, Elfass joins Nawah Scientific
CIB has appointed Fadhel Al Ali (bio) and Aziz Moolji (LinkedIn) as non-executive board members, the bank announced in a…
Unfavorable market conditions put Fawry’s US listing on hold
Fawry has postponed plans to list its shares in the US due to the current sell-off in US tech stocks,…
THIS EVENING: Fawry delays US listing indefinitely + Saudi’s Savola Group nears Egyptian Belgian Company acquisition + Ibnsina Pharma acquires El Shorouk Hospital
Good afternoon, ladies and gentlemen, and welcome to an already-busy start to the workweek. The news cycle is hitting the…
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