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THIS EVENING: East Port Said to get USD 3 bn green hydrogen hub + Affirma Capital and StonePine buy stake in Egyptian pharma player
Good afternoon, wonderful people. It’s not quite a news dump day — as hump days tend to be — but…
It’s a bad time for IPOs everywhere but KSA + Energy firms can’t stop drilling
Not a good time for IPOs? The prospect of interest rate hikes, slowing economic growth and geopolitical tensions have rattled…
ADIB Egypt to sell majority stake in subsidiary Cairo National Securities
Abu Dhabi Islamic Bank Egypt’s board has agreed to sell a 50.9% stake in subsidiary Cairo National Securities, according to…
Catalyst acquires 25% stake in ins. brokerage, OIH exists Pakistani subsidiary
Investment firm Catalyst Partners has acquired a 25% stake in Public Partners Ins. Brokerage (PPIB) as part of its plans…
THIS EVENING: OIH offloads Pakistan subsidiary + Etisalat named strongest telecom brand globally + ALSO: Cairo Book Fair kicks off today
Good afternoon, friends, and happy Thursday-equivalent. Stay bundled up this weekend, although the piercing cold is expected to get just…
Ezz Steel acquires Abou Hashima’s remaining Egyptian Steel stake
Ezz Steel has completed its purchase of Ahmed Abou Hashima’s 18% stake in Egyptian Steel, announcing yesterday in an EGX…
Abu Dhabi issues SPAC regs as it eyes Gulf’s first blank-check listing
The ADX is one step closer to welcoming the GCC’s first SPAC: The UAE’s securities regulator has approved the Gulf’s…
Dsquares is not looking to launch a SPAC
FACT CHECK- Loyalty services provider Dsquares is not looking to create a SPAC, founder and CEO Marwan Kenawy tells us,…
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