{"id":636994,"date":"2017-11-06T03:49:08","date_gmt":"2017-11-06T03:49:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/"},"modified":"2017-11-06T03:49:08","modified_gmt":"2017-11-06T03:49:08","slug":"will-the-saudi-anti-corruption-probe-impact-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/","title":{"rendered":"Will the Saudi anti-corruption probe impact Egypt?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Will the Saudi anti-corruption probe impact Egypt?<\/strong> As Saudi Crown Prince Mohamed Bin Salman whistles to the tune of the Lion King\u2019s \u201cOh I Just Can\u2019t Wait to be King,\u201d the shakeup at the upper echelons of the royal family continues to have thrown regional business into some measure of confusion, and Egypt is no exception.<\/p>\n<p><strong>TMG hit: <\/strong>The arrest of bn\u2019aire investor Alwaleed Bin Talal appears to have cast a shadow over <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/07\/alwaleed-bin-talal-to-invest-north-of-usd-800-mn-in-hotel-projects-with-egypts-tmg\/\">a potential USD 800 mn partnership<\/a> with Talaat Moustafa Group (TMG) on the development of hotels in Al Alamein and Sharm El Sheikh. The future of the agreement is now uncertain, <a href=\"https:\/\/alborsanews.com\/2017\/11\/05\/1062647\">TMG officials tell Al Borsa on Sunday<\/a>. TMG shares closed down 4.3% on the EGX yesterday.<\/p>\n<p><strong>Baraka Bank shares are took a dive<\/strong>, closing down 7.25%. Saudi Sheikh Saleh Kamel, a prominent investor in Egypt who owns c. 73% of the bank, was among those arrested in the kingdom.<\/p>\n<p><strong>No impact on Egypt? <\/strong>Statements from the Egyptian side of the Egyptian-Saudi Business Council have been positive, saying that the arrests would not impact Saudi investments in Egypt, <a href=\"https:\/\/alborsanews.com\/2017\/11\/05\/1062781\">according to the newspaper<\/a>. <strong>The message was echoed among government officials.<\/strong> The Electricity Ministry issued a statement saying that projects and investments with Saudi partners were ongoing, including linking the electricity grids of both countries, <a href=\"http:\/\/www.almalnews.com\/Story\/351942\/59\/%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D8%A7-%D8%AA%D8%A3%D8%AB%D9%8A%D8%B1-%D9%84%D9%84%D8%A3%D8%AD%D8%AF%D8%A7%D8%AB-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%B9%D9%84%D9%89-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%A7%D9%84%D8%B1%D8%A8%D8%B7\">Al Mal reports<\/a>. The statement sticks to the government\u2019s line on the event that this was a Saudi internal matter.<\/p>\n<p><strong>Will the anti-corruption sweep also affect the Aramco IPO?<\/strong> Beyond Alwaleed and economy minister Adel Fakieh, the anti-corruption probe has also touched former finance minister and Aramco board member Ibrahim Al Assaf, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-11-05\/saudi-prince-s-corruption-sweep-reaches-aramco-board-council\">according to Bloomberg<\/a>. This comes despite no indication of any wrongdoing by Aramco as Al Assaf was reportedly arrested over alleged corrupt links in urban development. Analysts see the move will only strengthen Bin Salman\u2019s push to liberalize the economy, a key component of which is the IPO. Separately, US President Donald Trump urged that Aramco list on the New York Stock Exchange in <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/926793510723796993\">a tweet on Saturday<\/a>. \"I just spoke to the King a little while ago, and they will consider it,\" Trump told reporters on route to Japan, <a href=\"https:\/\/www.ft.com\/content\/bc495292-c179-11e7-b2bb-322b2cb39656\">according to the FT<\/a>.<\/p>\n<p>In probably the strangest developments since the announcement of the arrests, <strong>the deputy governor of the Saudi province of Asir Prince Mansour bin Muqrin died in a helicopter crash<\/strong>, <a href=\"https:\/\/english.alarabiya.net\/en\/News\/gulf\/2017\/11\/06\/Saudi-Prince-Mansour-bin-Muqrin-dies-in-helicopter-crash.html\">according to Al Arabiya<\/a>.<\/p>\n<p><strong>The \u2018purge\u2019 in Riyadh continues to dominate headlines in the international press this morning. <\/strong><a href=\"https:\/\/www.ft.com\/content\/2d461e2a-c1b2-11e7-a1d2-6786f39ef675\">The Financial Times has a wrap-up<\/a> and a look at how <a href=\"https:\/\/www.ft.com\/content\/b841bf62-c247-11e7-b2bb-322b2cb39656\">\u201cthe anti-corruption purge triggers investor uncertainty\u201d<\/a> along with a look at Alwaleed bin Talal as <a href=\"https:\/\/www.ft.com\/content\/84a3b114-c23e-11e7-b2bb-322b2cb39656\">\u201cMohammed bin Salman aims to win Saudi game of thrones.\u201d<\/a> The Wall Street Journal\u2019s wrap-up notes that <a href=\"https:\/\/www.wsj.com\/articles\/saudi-princes-former-ministers-arrested-in-apparent-power-consolidation-1509837798\">Alwaleed apparently faces money laundering charges<\/a> and looks at the prince\u2019s <a href=\"https:\/\/www.wsj.com\/articles\/detained-saudi-prince-has-invested-widely-in-the-west-1509915000?tesla=y\">investments in US assets<\/a>, while coverage in the New York Times is led by David Kirkpatrick\u2019s very solid <a href=\"https:\/\/www.nytimes.com\/2017\/11\/05\/world\/middleeast\/saudi-crown-prince-purge.html\">Saudi Crown Prince\u2019s Mass Purge Upends a Longstanding System<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Will the Saudi anti-corruption probe impact Egypt? As Saudi Crown Prince Mohamed Bin Salman whistles to the tune of the Lion King\u2019s \u201cOh I Just Can\u2019t Wait to be King,\u201d the shakeup at the upper echelons of the royal family continues to have thrown regional business into some measure of confusion, and Egypt is no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636994","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4c8b4ec4-6ea3-4642-ad44-a54c83e4bdf1","order":"0","is_powered_by":true,"section_story_id":"df244d77-307b-4112-9bb8-4ce5f6a4d890","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636980],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Will the Saudi anti-corruption probe impact Egypt? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will the Saudi anti-corruption probe impact Egypt?\" \/>\n<meta property=\"og:description\" content=\"Will the Saudi anti-corruption probe impact Egypt? As Saudi Crown Prince Mohamed Bin Salman whistles to the tune of the Lion King\u2019s \u201cOh I Just Can\u2019t Wait to be King,\u201d the shakeup at the upper echelons of the royal family continues to have thrown regional business into some measure of confusion, and Egypt is no [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-06T03:49:08+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Will the Saudi anti-corruption probe impact Egypt?\",\"datePublished\":\"2017-11-06T03:49:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/\"},\"wordCount\":502,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/\",\"name\":\"Will the Saudi anti-corruption probe impact Egypt? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-06T03:49:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Will the Saudi anti-corruption probe impact Egypt?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Will the Saudi anti-corruption probe impact Egypt? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/","og_locale":"en_US","og_type":"article","og_title":"Will the Saudi anti-corruption probe impact Egypt?","og_description":"Will the Saudi anti-corruption probe impact Egypt? As Saudi Crown Prince Mohamed Bin Salman whistles to the tune of the Lion King\u2019s \u201cOh I Just Can\u2019t Wait to be King,\u201d the shakeup at the upper echelons of the royal family continues to have thrown regional business into some measure of confusion, and Egypt is no [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-11-06T03:49:08+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Will the Saudi anti-corruption probe impact Egypt?","datePublished":"2017-11-06T03:49:08+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/"},"wordCount":502,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/","name":"Will the Saudi anti-corruption probe impact Egypt? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-11-06T03:49:08+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/will-the-saudi-anti-corruption-probe-impact-egypt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Will the Saudi anti-corruption probe impact Egypt?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":634755,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/saudi-purge-looks-set-to-meet-its-usd-100-bn-target\/","url_meta":{"origin":636994,"position":0},"title":"Saudi purge looks set to meet its USD 100 bn target","author":"enterpriseam admin","date":"23 January 2018","format":false,"excerpt":"Mohamed bin Salman\u2019s self-styled corruption crackdown is nearing its target of USD 100 bn, as settlement talks with officials, princes, and businessmen caught up in the \u201canti-corruption probe\u201d appear to be winding down, Bloomberg reports. Authorities have already agreed to drop charges against about 90 suspects, who were released, Attorney\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637294,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/13\/egypts-banks-begin-freezing-loans-to-saudi-companies-caught-up-in-purge\/","url_meta":{"origin":636994,"position":1},"title":"Egypt\u2019s banks begin freezing loans to Saudi companies caught up in purge","author":"enterpriseam admin","date":"13 November 2017","format":false,"excerpt":"So much for the Saudi purge not impacting business in Egypt: Egypt\u2019s banks have reportedly begun freezing transactions on accounts held by Saudi Arabian princes and officials arrested as part of an anti-corruption probe launched by Saudi Crown Prince Mohammed Bin Salman. As it stands, banks have frozen EGP 2.5\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631169,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/saudi-arabia-to-set-up-anti-corruption-departments\/","url_meta":{"origin":636994,"position":2},"title":"Saudi Arabia to set up anti-corruption departments","author":"enterpriseam admin","date":"12 March 2018","format":false,"excerpt":"Saudi to keep pressure on business community with anti-corruption units in prosecutors\u2019 offices: Saudi Arabia will establish specialized departments in the public prosecutor\u2019s office to investigate and prosecute corruption cases, Attorney General Sheikh Saud al-Mujib said in a statement carried by the Saudi Press Agency (SPA).","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642120,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/alwaleed-bin-talal-to-invest-north-of-usd-800-mn-in-hotel-projects-with-egypts-tmg\/","url_meta":{"origin":636994,"position":3},"title":"Alwaleed bin Talal to invest north of USD 800 mn in hotel projects with Egypt\u2019s TMG","author":"enterpriseam admin","date":"7 August 2017","format":false,"excerpt":"INVESTMENT WATCH- Globally prominent Saudi businessman Alwaleed bin Talal\u2019s Kingdom Holding Company will be investing more than USD 800 mn in projects alongside Egypt\u2019s Talaat Moustafa Group (TMG) under an agreement inked with Investment and International Cooperation Minister Sahar Nasr on Sunday, a statement said. The funds will be used\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637112,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/alwaleed-has-no-stake-in-tmg-company-to-self-finance-expansions\/","url_meta":{"origin":636994,"position":4},"title":"Alwaleed has no stake in TMG, company to self-finance expansions","author":"enterpriseam admin","date":"8 November 2017","format":false,"excerpt":"Saudi Prince Alwaleed bin Talal has no investments in Talaat Moustafa Group Holding (TMG) personally or indirectly through subsidiaries including Kingdom Holdings, the company told the EGX yesterday. The real estate developer also said the company has so far spent USD 213 mn to expand and develop the Four Seasons\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637740,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/23\/emaar-development-trades-lower-on-its-first-day\/","url_meta":{"origin":636994,"position":5},"title":"Emaar Development trades lower on its first day","author":"enterpriseam admin","date":"23 November 2017","format":false,"excerpt":"Emaar Development\u2019s first day of trading got off to a rocky start with shares trading sharply lower to start the session, according to The National. The stock closed the day down 4.3%, regaining some ground after diving 7% at the opening bell. Bloomberg reported last Saturday that the company had\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=636994"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636994\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636980"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636994"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636994"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}