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ADQ eyes investment in Egypt, Jordan manufacturing + PM pitches UAE investors on infrastructure projects
Abu Dhabi sovereign wealth fund ADQ will invest USD 10 bn in industrial projects in Egypt, the UAE and Jordan…
THIS EVENING: The state plans to sell 25% of EGX-listed Egyptalum + ADQ is investing USD 10 bn in UAE-Egypt-Jordan industrial partnership
Good afternoon, folks. As we anticipated this morning, it’s shaping up to be a rather busy week for business news…
How StartupLand Africa is coming together — and how Nigeria was able to pool USD 1.8 bn in 2021
How StartupLand Africa is coming together — and how Nigeria was able to pool USD 1.8 bn in 2021: Last…
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,…
Somabay to renovate Sheraton resort + Egypt to spend another USD 2.6 bn on US arms
Sheraton Soma Bay to get a new look: Somabay has secured an EGP 143 mn loan from Ahli United Bank…
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…
The Robots Cometh (this time for chores) + Fish and chips are under threat in the UK
Move aside, vacuum cleaners: Dyson will soon offer robots to do your chores for you. The household appliances giant is…
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.…
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