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PIF could invest in Al Wataniya, Siemens power plants + ADQ could buy stakes in unlisted Egyptian firms -Soliman
Wataniya + Siemens power plants on the table for Saudi PIF: Saudi Arabia’s sovereign wealth fund could take stakes in…
Musk snaps up 9.2% Twitter stake, while Meta AI has some attrition problems
Elon Musk just became Twitter’s biggest shareholder after buying a 9.2% stake in the platform, a regulatory filing showed. The…
THIS EVENING: ADQ eyes listed + unlisted stake purchases; Saudi’s PIF could snag Al Wataniya + Siemens power plant stakes. Plus: Shoukry joins Arab League diplomacy push in Russia
Good afternoon, ladies and gentlemen. We thought we were doing well during Ramadan without incessant caffeinating, but we also just…
A strong start to the year for sukuk + investors sentiment tanks on high-growth firms
Surging oil prices gave sukuk transactions their best ever start to a year in 2022, Bloomberg reports. Sales of new…
Contact + Nawy sign EGP 1 bn financing agreement + Med wealth funds launch a colab
Contact + Nawy sign EGP 1 bn financing agreement: Contact Financial’s real estate finance subsidiary will lend EGP 1 bn…
Mental health startup O7 Therapy raises USD 2.1 mn seed round + Flat6 launches new Saudi fund
Egyptian online mental health startup O7 Therapy has raised a USD 2.1 mn seed round in what the startup says…
e-Finance + TMG approve dividend payouts
e-Finance will pay shareholders dividends of EGP 0.10 per share for FY2021, according to a decision by the ordinary general…
EV startups attracted plenty of investor interest — but need to actually start manufacturing
EV startups need to prove they were worth the risk — and actually manufacturing vehicles is probably a good starting…
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