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What we’re tracking on 29 September 2020
Happy hump day, friends. Two more to go until we hit the weekend. In the hurly burly of business (to…
UAE’s City Creek Construction to invest EGP 600 mn in Egypt this year
Emirati real estate developer City Creek Construction will establish an arm in Egypt and invest EGP 600 mn in three…
Enterprise Explains: SPACs
“2020 is the year of the SPAC,” MarketWatch declared last week — and they’re not wrong. The unusual financial vehicle…
Raya Auto to invest EGP 200 mn in EV production
INVESTMENT WATCH- Raya Auto plans to invest EGP 200 mn in local EV assembly over the next three years: Raya…
Egypt’s Fawry mulls launching emerging tech investment arm in 2021
Egyptian e-payment giant Fawry is considering establishing a new company to invest in emerging technology startups and firms, CEO Ashraf…
TAQA to inaugurate new natgas fueling stations this year
TAQA Arabia is planning to open several natural gas fueling stations before the end of the year at a combined…
EFG Hermes, Egypt’s sovereign fund to finalize AIB takeover this year
M&A WATCH- EFG Hermes, SFE to finalize AIB acquisition this year: EFG Hermes and the Sovereign Fund of Egypt (SFE)…
What we’re tracking on 16 September 2020
It’s another busy news day as we hurtle toward the end of the week, so let’s get this show started.…
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