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THIS MORNING: Shoukry + El Molla at Davos; MbS in Egypt next month
Good morning, wonderful people, and welcome to another very heavy news day in which business news again tops our tl;dr…
Some investors are dipping their toes back into EM
Time to buy emerging-market assets? Some investors are seeing buying opportunities in emerging markets despite the multifaceted risks posed by…
Saudi food group eyes Ole bakery + Ibnsina breaks into hospitals with El Shorouk acquisition
Saudi food conglomerate Savola Group is close to acquiring the Egyptian Belgian Company — best known for its Ole-branded baked…
PIF eyes United Bank amid state privatization push
The Saudi sovereign wealth fund is considering making a bid to acquire United Bank, Hapi Journal reported yesterday, citing sources…
World Bank to spend another USD 12 bn to combat “devastating” food crisis
The World Bank will deploy an extra USD 12 bn to combat the “devastating effects” of rising food insecurity around…
valU, Majid Al Futtaim launch consumer finance product
valU, MAF partner on consumer finance: EFG Hermes’ buy-now-pay-later platform valU is partnering with Majid Al Futtaim (MAF) to introduce…
Benya Group to set up Saudi arm by end of 2022
Benya eyes Saudi expansion by end of 2022: IT infrastructure contractor BenyaGroup plans to set up an investment arm in…
US Centcom commander in Cairo + Shoukry in Morocco
Yesterday in diplomacy: US Centcom commander Michael Kurilla was in town for talks with President Abdel Fattah El Sisi. (Statement)…
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