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Egypt central bank, Kuwait wealth fund to divest 40% of AAIB
The sale is expected to take place in 2024
Sovereign Fund of Egypt to finalize hotels sale this year -Soliman
A consortium of Talaat Moustafa Group and unnamed foreign investors agreed to buy a 37% stake in the government’s hotels…
Standard Chartered to set up shop in Egypt by the end of the year
The British multinational lender tapped Mohammed Gad to run the Egyptian branch last week
A case for optimism on the EGP
Some USD 8 bn could be raised in the coming months via asset sales, liabilities agreements, and government initiatives
Saudi Aramco, Fertiglobe report lower earnings following bumper 2022
Saudi Aramco’s 3Q earnings drop on the back of production cuts and falling oil prices: Saudi oil giant Saudi Aramco…
Privatization, green hydrogen, labor law feature prominently as Madbouly government talks up its legislative agenda
The government have 58 draft laws on its priority list
Pico and Kufpec want to invest USD 119.5 mn in Gulf of Suez exploration. PLUS: Equinox ups stake in Rameda, UAE embassy move, power generator plant
The two companies also requested 20-year licenses for the concession
Schneider is investing EUR 8 mn in the local market before year end. PLUS: Prime, Vestas, petrochemical industry, Kharafi, Cofra, Heliopark
Schneider Electric plans to invest EUR 8 mn in the local market
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