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FAB drops its bid for EFG Hermes. Plus: Incolease, Mondi in transactions.
Emirati lender First Abu Dhabi Bank (FAB) has dropped its bid for a majority stake in leading financial services corporation…
THIS EVENING: First Abu Dhabi Bank withdraws EFG acquisition bid + Musk wants all of Twitter. Plus: NYC subway shooter arrested.
We made it to the weekend, friends, and we’re being rewarded with yet another big news day to really feel…
FAB eyes GB Lease takeover
First Abu Dhabi Bank (FAB) is in advanced talks with GB Auto to acquire 100% of its leasing arm GB…
THIS EVENING: Lekela Power could invest up to USD 1 bn in Egypt in next four years + Fresh sanctions, civilian evacuations dominate Russia-Ukraine news
Happy almost-THURSDAY, wonderful people. We have a relatively quiet news cycle here at home, coupled with the mandatory developments on…
Agthia still has its eye on Egypt acquisitions
UAE’s Agthia eyes more Egyptian acquisitions following more than sixfold growth in net income: Emirati state-owned investment firm ADQ Holding’s…
Aramco sells 49% stake in its natgas pipelines + FAB lines up USD 500 mn in sukuk
Aramco closes USD multi-bn sale of minority stake in natgas pipelines: An investor group led by BlackRock has acquired a…
Gov’t appoints managers ahead USD 2 bn sukuk sale
Egypt has reportedly appointed six international banks to manage its maiden USD 2 bn sovereign sukuk issuance, Bloomberg reports, citing…
FAB could sell payments business, Delek rebrands
Brookfield eyes FAB’s payment business: Canadian asset management giant Brookfield is reportedly in talks to acquire Magnati, First Abu Dhabi…
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