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E-commerce platforms MaxAB and Wasoko to merge within weeks -report
Maxoko’s annual operations are projected to hit USD 500 mn.
A new Sokhna terminal is underway. PLUS: News from UAE’s Hala, Elsewedy Electric, AMEA Power, EgyptAir
The new terminal should be fully operational in 18 months
Dr Greiche Glass and High Glass ink strategic merger agreement
The merger is set to boost Dr Greiche’s annual production capacity by 150k square meters.
UAE’s Electra snaps up 20% of Elsewedy Electric for USD 450 mn
Elsewedy Electric’s share price remained relatively stable following the transaction
Qatar Islamic Bank backs out of United Bank offer -report
QIB and the Kuwait Finance House completed their due diligence for United Bank in December
Act Financial to buy into three EGX-listed companies following IPO this month
Act Financial is set to diversify its portfolio by investing in three EGX-listed companies this year
Saudi-Egyptian Industrial Investment mulls reviving bid for state-run El Nasr Glass; PLUS: Emaar Misr pushes forward acquisition plans, GTEX Holding’s UK retail unit receives offer
Saudi-Egyptian Industrial Investment revived its bid because of the stability in the exchange rate against the greenback
Bajaj’s Qute microcar to be manufactured by GB Auto, Military Production Ministry. PLUS: PPP education platform returns? FABMisr + Cayesh, Premium Diagnositcs UAE + City Lab, Fawry, SFE + B Investments
AUTOMOTIVE- GB Auto, Military Production Ministry to manufacture Bajaj vehicle locally: GB Auto subsidiary Itamco and the Military Production Ministry’s…
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