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Saudi Arabia hands Turkey USD 5 bn to support economy
Turkey is getting help from Riyadh: Saudi Arabia will deposit USD 5 bn in Turkey’s central bank via the Saudi…
e-Finance wants a new strategic investor. Plus news from MNHD, KSA’s Bahri, and ACUD
M&A- Is e-Finance looking to bring in a strategic investor? e-Finance is in advanced talks with a local strategic investor…
Saudi Arabia to hand Ukraine USD 410 mn aid package
Riyadh comes to Ukraine’s aid to the tune of USD 410 mn: Saudi Arabia is making good on a pledge…
Issa talks tourism targets + everyone’s talking about Shoukry’s trips to Syria and Turkey yesterday
Dominating the conversation on Egypt in the foreign press this morning: Foreign Minister Sameh Shoukry’s visits to Syria and Turkey…
Almarai now owns 100% of Beyti
Saudi’s Almarai buys PepsiCo out of Beyti: Saudi dairy producer Almarai has bought PepsiCo’s entire 48% stake in the parent…
Valuation dispute puts Saudi United Bank acquisition at risk
Saudi wealth fund takeover of United Bank in jeopardy? The Public Investment Fund (PIF) has reportedly hit ‘pause’ on talks…
e-Finance earnings rise 83% in 2022
e-Finance had a strong 2022: e-Finance’s adjusted net income rose 83% to EGP 948.6 mn in 2022, according to the…
GCC takes on Hollywood + Russia spends bns on shadow tanker fleet
Hollywood is starting to open its arms to money from oil-rich Gulf countries, who are looking to invest bns in…
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