{"id":586803,"date":"2023-05-17T00:00:00","date_gmt":"2023-05-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/taqa-arabia-to-establish-jv-with-saudi-gas-distributor-plus-network-international-moussy-malt\/"},"modified":"2023-05-17T00:00:00","modified_gmt":"2023-05-17T00:00:00","slug":"taqa-arabia-to-establish-jv-with-saudi-gas-distributor-plus-network-international-moussy-malt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/17\/taqa-arabia-to-establish-jv-with-saudi-gas-distributor-plus-network-international-moussy-malt\/","title":{"rendered":"Taqa Arabia to establish JV with Saudi gas distributor. PLUS: Network International, Moussy Malt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ENERGY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span> <\/span><span style=\"font-weight:700\">The Saudi Natural Gas Distribution Company will establish a company in Saudi Arabia <\/span><span style=\"font-weight:700\">with Qalaa Holdings\u2019 Taqa Arabia<\/span><span>, it said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3o6OHLC\" style=\"\">a disclosure<\/a><\/span><span> to the Saudi stock exchange. The disclosure did not reveal any details. The two sides <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8bb3d8e9-7d40-49a8-9d90-0034e87332de\" style=\"\">signed an MoU<\/a><\/span><span style=\"font-weight:400;\"> last year to explore ways to develop and operate gas distribution services in the country.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">FINTECH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Dubai-based fintech <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.network.ae\/en\/contents\/view\/who-we-are\" style=\"\">Network International<\/a><\/span><span style=\"font-weight:700\"> has <\/span><span style=\"font-weight:700\">launched a digital payments service in <\/span><span style=\"font-weight:700\">Egypt<\/span><span>, it said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.network.ae\/en\/news\/view\/network-international-to-drive-financial-inclusion-and-make-digital-payments-more-accessible-in-egypt-through-new-payment-service-networkpay\" style=\"\">a press release<\/a><\/span><span style=\"font-weight:400;\">on Monday. The Networkpay service offers point of sale (POS) and other online payments channels to businesses, as well as payment plans with banks and tie-ins with fintechs offering loyalty programs, including EFG Hermes\u2019 valU and Zeal, the statement reads. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MANUFACTURING-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Moussy: Made in Egypt. <\/span><span style=\"\">F&B player <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/company\/ayman-shahin\/?originalSubdomain=eg\" style=\"\">Ayman Shahin Group<\/a><\/span><span style=\"\">, in partnership with the Danish <\/span><span>brewer Carlsberg, has inaugurated the country\u2019s first Moussy Malt beverage factory, with investments of USD 20 mn, it said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/939.pdf\" style=\"\">a statement (pdf)<\/a><\/span><span style=\"font-weight:400;\"> yesterday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DEBT-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Sukuk issuance up Amer Group\u2019s sleeve?<\/span><span style=\"\"> Amer Group is reportedly studying an EGP 1.5 - 2 <\/span><span>bn sukuk issuance, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2023\/05\/16\/1667308\" style=\"\">Al Borsa<\/a><\/span><span> reported yesterday, citing unnamed sources. The firm plans to take the sharia-compliant securities to market within two months.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is Taqa Arabia\u2019s first step into the kingdom<\/p>\n","protected":false},"author":1,"featured_media":586804,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,832,7075,93,72,183,131,2425,280,615],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-amer-group","tag-ayman-shahin-group","tag-energy","tag-enterpriseam","tag-fintech","tag-manufacturing","tag-natural-gas-distribution-company","tag-sukuk","tag-taqa-arabia","wpautop","entry"],"acf":{"mongo_id":"91c93976-5175-409f-ad7c-ede06a4f4214","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/957.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qalaa Holding\u2019s Taqa Arabia to establish JV with Saudi gas distributor. 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