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Japan’s Saraya to build USD 10 mn factory complex in SCZone
Japanese sanitizer maker Saraya is planning to build a USD 10 mn sanitizer and cosmetics factory complex in the Suez…
ADQ reaches agreement to snag Amoun Pharma
Abu Dhabi’s sovereign wealth fund ADQ is acquiring 100% of Bausch Health’s unit in Egypt, Amoun Pharma, in a USD…
SFE to set up an entity for its real estate assets, with an eye to IPO
The Sovereign Fund of Egypt (SFE) could roll its real estate assets into a new entity that it will eventually…
SFE makes its first investment in education with EFG fund
EFG Education Fund hits third close with SFE investment: The Sovereign Fund of Egypt (SFE) has committed EGP 250 mn…
Emaar loves Egypt + Edita’s big move in Morocco
Emaar Properties plans to double its Egypt operations to 30% of its overall business, founder Mohamed Alabbar told Asharq Business,…
What the markets are doing on 29 March 2021
Major US and Chinese tech firms on Wall Street lost a combined USD 33 bn in market cap on Friday…
Euroclearable? What’s that?
What is clearing, and what does it mean to be ‘Euroclearable’? Towards the end of last year, Finance Minister Mohamed…
Meet the players interested in getting in on the Egypt Mid-Cap Fund II
Everyone wants in on Egypt Mid-Cap Fund II, which will close in May: Private equity firm Ezdehar may be looking…
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