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UAE’s Beco closes second VC fund
STARTUP WATCH- UAE’s Beco closes second VC fund: Beco Capital has closed its second startup fund at USD 100 mn,…
Legal proceedings between Emaar and El Nasr suspended for another 4 weeks
DISPUTE WATCH- Emaar-El Nasr legal proceedings suspended for another four weeks: A freeze on legal proceedings between property developer Emaar…
Long-delayed steel tariffs ruling takes its toll on local steelmakers
Long-delayed steel tariffs ruling takes its toll on local steelmakers: Egyptian steel companies have slashed prices as they struggle to…
Investors fear protests could undermine economic reforms
Some investors fear walk-back of economic reforms: Investors are concerned that the Egyptian government could resort to populist measures in…
Israel to boost gas supply to Egypt by 34% after changes to landmark agreement
Israel to boost gas supply to Egypt: Dolphinus Holdings and the operators of Israel’s offshore natural gas fields Delek Drilling…
Arab Dairy turns down buyout offers
M&A WATCH- Plot twist: Arab Dairy rejects buyout offers: Cheesemaker Arab Dairy has turned down “all the offers” it has…
OCI NV, ADNOC complete fertilizer merger
M&A WATCH- OCI NV, ADNOC fertilizer merger done and dusted: Abu Dhabi National Oil Company (ADNOC) has completed its merger…
HHD invites investors to qualify for 10% stake purchase, management role
HHD begins hunt for private partner to take over company management: Heliopolis Housing and Development (HHD) has invited private investors…
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