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Saudi Arabia’s Public Investment Fund ranked as world’s top sovereign wealth fund big spender in 2023
For the first time in six years, Singapore’s deep-pocketed GIC was knocked out of first place
Real estate, tourism, healthcare in focus as Al Lami Group and Batterjee eye Egypt
Al Lami Group already has investments amounting to USD 3 bn, according to the company’s head
Eastern in line for USD 150 mn from new UAE shareholder to ensure access to materials
They will also inject an additional USD 150 mn in installments next year
PM talks up the end of the FX crunch after tour of 10 Ramadan, Obour
PM says the investments are a sign that the FX crunch could soon end…
Sky, Reliance Logistics in talks with BdC to fund multipurpose terminal at East Port Said port. Plus: Banque Misr land sale
Plus: The Egyptian Holding Company for Silos and Storage wants to borrow EGP 5 bn to fund silo expansion
ADQ finalizes acquisition of stakes in state-run petchem, drilling companies
The Emirati wealth fund acquired 25-35% stakes in the three state-run firms for USD 800 mn
MPs approve fresh borrowing, oil exploration
The government will borrow USD 500 mn from Deutsche Bank and Bank ABC to fund healthcare and education spending
Golden licenses attract mns of USD in fresh investment
Samsung is investing more than expected in a new phone assembly facility and EgyptSat Auto sees its first cars hitting…
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