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Aramco is the world’s most valuable company
Saudi Aramco has dethroned Apple as the world’s most valuable company, as surging oil prices push its shares to near-record…
German fiberboard maker enters Egypt through JV with Egypt Kuwait Holding
German fiberboard producer Homann Holzwerkstoffe is acquiring a 27% stake in Egypt Kuwait Holding (EKH)’s subsidiary Global MDF Industries, EKH…
Emerging-market currencies see biggest losses since 2020
EM currencies see biggest losses since 2020: Emerging-market currencies are suffering as investors pull out of risk assets in response…
EBRD, SPE Capital, Amethis acquire financial services player GlobalCorp
European consortium acquires GlobalCorp: The European Bank of Reconstruction and Development (EBRD), SPE Capital, and Amethis have acquired a 90%…
Allianz + Sanlam merge African operations
Allianz and South Africa’s Sanlam are merging their operations in Africa to create “the largest pan-African non-banking financial services entity…
PIF subsidiary ups stake in EGX-listed Rameda + El Garhy buys Nat’l Glass and Crystal from ADIB Egypt
Saudi PIF subsidiary ups stake in Rameda: The Saudi Seventh Investment Company (SSIC) has purchased another 6.5% of Rameda Pharma,…
Swvl to acquire Turkish transit company Volt Lines
Cairo-born mass transit firm Swvl is continuing its buying spree, announcing this week an agreement to purchase Turkish firm Volt…
Vodafone Egypt acquires 10% stake in Bee and Masary + setting the record straight on an Arco-Ashry Steel tieup
Vodafone Egypt makes first stake buys in Bee + Masary: Vodafone Egypt has acquired 10% stakes in e-payment platforms Bee…
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