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Fawry acquires minority stake in social commerce startup Brimore
Egyptian e-payments giant Fawry has acquired a minority stake in social commerce company Brimore for EGP 15.7 mn, Fawry said…
Pharos Energy to sell majority stakes in Egypt oil concessions
Pharos Energy has reached a farmout agreement that will see it sell majority stakes in its two Egyptian oil concessions…
Aldar, ADQ launch bid for SODIC
The UAE’s Aldar Properties and sovereign wealth fund ADQ has submitted a mandatory tender offer for up to 90% of…
Egypt sees blockbuster 1H2021 for M&A
Boom time for Egypt M&A: The value of M&A transactions in Egypt more than quadrupled y-o-y during the first half…
Speed Medical pays shareholders EGP 4 mn to extend acquisition timeline
Speed Medical announced that it had paid New Al Safwa Specialized Hospital’s shareholders EGP 4 mn in June as part…
Cairn Energy expects to finalize Shell Egypt acquisition by end of September
Cairn, Cheiron could replace Shell in the Western Desert before the month is out: Cairn Energy and partner Cheiron expect…
TONIGHT: It’s a slow afternoon for news in Egypt
Happy hump day, ladies and gents. We hope you (and the kids) are excited that we’re now on the downhill…
Egypt has been one of the Middle East’s M&A hotspots so far in 2021
Egypt saw a strong pickup in M&A activity during the first six months of the year, becoming one of the…
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