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Uber follows in Careem’s footsteps and hikes its fares
Ride-hailing app Uber decided on Tuesday to follow in the footsteps of competitor Careem and hike its fares after recent…
Speed Round
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Pioneers Holding to list 30% its shares in Rooya Real Estate on EGX
IPO WATCH- Pioneers Holding is set to list 30% of its shares in Rooya Real Estate Investment Company on the…
Suez Bags receives acquisition offer from Mondi Group
M&A WATCH- Suez Bags is reportedly an acquisition target, sources close to the transaction tell Al Borsa. The company —…
EFG Hermes buys 50% stake in FIM for USD 21.5 mn
M&A WATCH- EFG Hermes announced it has entered “into definitive agreements to invest” USD 21.5 mn in Frontier Investment Management…
Private sector raise could become mandatory?
Private sector raise could become mandatory? Business associations signed on Tuesday the initiative that would see 18 mn private sector…
KKR lays out succession plan for founders; BlackRock continues to benefit from trend toward ETFs
From across the pond: Private equity outfit KKR is breaking with industry norms and naming successors to founders Henry Kravis…
Daesh mufti calls on militants to move to Egypt, Palestine
The mufti of Daesh in Iraq reportedly called on Arab militants to head towards Egypt and Palestine, Iraq News reports.…
Qatari nationals barred from obtaining on-arrival visas in Egypt
Qatari nationals, including diplomats and special passport holders, will no longer be allowed to obtain Egyptian visas on arrival as…
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