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Suez Bags receives acquisition offer from Mondi Group
M&A WATCH- Suez Bags is reportedly an acquisition target, sources close to the transaction tell Al Borsa. The company —…
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EFG Hermes buys 50% stake in FIM for USD 21.5 mn
M&A WATCH- EFG Hermes announced it has entered “into definitive agreements to invest” USD 21.5 mn in Frontier Investment Management…
Private sector raise could become mandatory?
Private sector raise could become mandatory? Business associations signed on Tuesday the initiative that would see 18 mn private sector…
KKR lays out succession plan for founders; BlackRock continues to benefit from trend toward ETFs
From across the pond: Private equity outfit KKR is breaking with industry norms and naming successors to founders Henry Kravis…
Daesh mufti calls on militants to move to Egypt, Palestine
The mufti of Daesh in Iraq reportedly called on Arab militants to head towards Egypt and Palestine, Iraq News reports.…
Qatari nationals barred from obtaining on-arrival visas in Egypt
Qatari nationals, including diplomats and special passport holders, will no longer be allowed to obtain Egyptian visas on arrival as…
Tourism Ministry denies alcohol ban on North Coast beaches
The Tourism Ministry has denied issuing a ban on alcohol consumption on North Coast beaches, Tourism Ministry spokesperson Rana Gohar…
Tourism is stable in Egypt for now, despite tourist killings in Hurghada -Reuters
Tourism is stable in Egypt despite the latest killing of two German tourists in Hurghada, Ehab Farouk writes for Reuters.…
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