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PIF eyes United Bank amid state privatization push
The Saudi sovereign wealth fund is considering making a bid to acquire United Bank, Hapi Journal reported yesterday, citing sources…
THIS EVENING: Fawry delays US listing indefinitely + Saudi’s Savola Group nears Egyptian Belgian Company acquisition + Ibnsina Pharma acquires El Shorouk Hospital
Good afternoon, ladies and gentlemen, and welcome to an already-busy start to the workweek. The news cycle is hitting the…
Shell subsidiary acquires ExxonMobil’s offshore Mediterranean block
Shell subsidiary BG International is acquiring 100% of ExxonMobil’s North East El Amriya offshore gas block under a farm-out agreement,…
THIS EVENING: Shell to fully acquire ExxonMobil’s North East El Amriya offshore block + Finland and Sweden formally request to join NATO + EU to unveil its plan to phase out Russian gas
Good afternoon, friends, and happy almost-THURSDAY. It’s another busy news day on the home and international fronts. THE BIG STORY…
Amazon has five years to swap EFG GDRs for valU shares
Amazon has five years to swap EFG GDRs for valU shares: EFG Hermes has given Amazon a five-year window to…
THIS MORNING: Online shopping in Egypt is booming; Russia takes Mariupol
The news flow just won’t give us a break right now. Not that we’re complaining, but it would be nice…
Taqa Arabia expands natural gas footprint by acquiring Rosetta’s LNG arm
Qalaa Holdings’ Taqa Arabia has acquired the LNG arm of local energy firm Rosetta Energy, it said in a statement…
Amazon invests in EFG Hermes; could swap for >4% stake in valU at current USD 235 mn valuation
Amazon snaps up EFG GDRs, with option to swap for valU shares: Amazon has agreed to purchase USD 10 mn…
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