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ADQ makes grand entry into the EGX with USD 1.8 bn buy + launches first MENA SPAC with Chimera
Abu Dhabi wealth fund ADQ acquired state-owned stakes in five EGX-listed companies yesterday as part of an agreement reached last…
THIS MORNING: A warm welcome to the UAE + the Pharaohs have a new coach
Welcome, friends from Abu Dhabi. IT’S A BIG DAY FOR the private sector after Abu Dhabi wealth fund ADQ bought…
Ireland’s Kingspan to do DD on Icon subsidiary
The board of Industrial Engineering Company for Construction and Development (ICON) has agreed to allow Irish insulation manufacturer Kingspan to…
Vicat Egypt launches MTO for Sinai Cement
French cement producer Vicat Egypt has submitted a mandatory tender offer to acquire another 42.1% of subsidiary Sinai Cement Company…
THIS EVENING: Annual urban inflation rises in March + more FDI afoot as Vicat wants 100% of Sinai Cement
Happy Sunday, ladies and gentlemen. As we expected this morning, the news slowdown exists only in our dreams now, as…
ADQ could buy up National Investment Bank’s entire stake in Abu Qir
Abu Dhabi wealth fund ADQ is on course to acquire the National Investment Bank’s (NIB) entire 21.5% stake in Abu…
Saudi last-mile delivery firm acquires local startup Gallop Express
GLT Express steps into Egypt with local acquisition: Saudi logistics company GLTExpress has made Egypt its first expansion destination outside…
Egypt in the News: Sports Minister Sobhi weighs in on Salah’s future at Anfield
Mohamed Salah is all over the UK press, after Sports Minister Ashraf Sobhi claimed the Egyptian King told him he…
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