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US stocks opened 2022 with fresh highs but treasury yields soared in worst start since 2009
US stocks got 2022 off to a good start yesterday, climbing to a new record high despite expectations of headwinds…
Edita won’t be acquiring assets of Ole bakeries manufacturer
Snackfoods giant Edita won’t acquire Egyptian Belgian Company’s assets after talks collapse: Edita Food Industries’ bid to acquire assets belonging…
Oil and gas still come out on top amidst environmental awareness + chipmakers struggle to find employees
Despite all the talk on ESGs this year, oil and gas still outperformed their sustainability-oriented peers, according to the Financial…
Ebtikar ups stake in Bee to 99.9% through share swap
Ebtikar ups stake in subsidiary Bee to 99.9% through share swap: Non-bank financial services player Ebtikar Financial Investments Holding has…
A solid year for M&A
It wasn’t “The Year of M&A,” but there was plenty of action and drama. After two years of y-o-y growth…
OC shareholders nod to USD 35 mn acquisition of Sawiris-owned business
Orascom Construction (OC) will acquire 100% of an equipment import, distribution and services business that is 100% owned by the…
FRA takes legal action against Speed Medical
Speed-related drama in the headlines: The Financial Regulatory Authority (FRA) has filed two lawsuits against Speed Medical (SPMD) before the…
MCI Capital now owns 23% of Cleopatra Hospitals
MCI Capital has acquired a 23% stake in Cleopatra Hospitals: MCI Capital Healthcare Partners, a subsidiary of state-owned financial services…
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