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EFG looks to hire advisers for FAB acquisition bid
EFG Hermes is looking to appoint an international financial advisor and an Egyptian law firm to advise on First Abu…
2021 was big for M&A — and tech, education and healthcare should drive activity this year
M&A in Egypt continued to accelerate in 2H2021 as waning pandemic uncertainties and cheap international borrowing rates fuelled a rebound…
Macro marks EGX debut, says it’s eyeing an acquisition this year
Leading cosmeceutical outfit Macro Group is doing due diligence on an acquisition with an eye to completing the transaction this…
Mystery Egyptian investor looks to acquire Nesma Airlines
An “Egyptian investor” is looking to acquire 100% of Saudi airline Nesma within weeks, CEO Ashraf Lamloum told Enterprise, confirming…
Aldar could target retail + education acquisitions in Egypt
Egyptian retail + education assets could be in Aldar’s crosshairs: Aldar Properties will spend at least AED 5 bn (c.…
First Abu Dhabi Bank makes play for EFG Hermes
First Abu Dhabi Bank wants EFG Hermes: First Abu Dhabi Bank (FAB) has offered to buy a majority stake in…
Abu Dhabi ports shares surge on ADX following IPO + Dubai’s SHUAA wants to SPAC
Shares in Abu Dhabi Ports jumped as much as 17% on its ADX debut yesterday, marking the latest success for…
Investors take a u-turn on green startups + major corporates are killing the five-day work commute
Green startups stocks tumble following last year’s meteoric rise: Electric vehicle startups and several other green tech firms boomed in…
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