Thursday, May 23, 2024


Abu Dhabi wealth fund ADQ to invest $35 billion in Egypt

The Abu Dhabi fund will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments

Afreximbank, Morocco ink MoU for $1billion trade programme

Afreximbank will cooperate with relevant Moroccan entities and economic operators to develop and deploy appropriate project structuring and financing solutions.

ADNOC Distribution unveils first branded service stations in Egypt

ADNOC Distribution’s Egypt expansion is the latest achievement in the company’s international growth journey.

African Development Bank, Google partner to accelerate digital transformation

The agreement underscores a shared commitment to harness emerging technologies, extend and improve infrastructure.

UAE’s Emirates NBD makes equity investment in Komgo

The equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture fund.

Egypt grants ACWA Power land for 10 GW wind project

The 10 GW wind power plant is expected to provide the Egyptian economy with $6.5 billion savings in annual natural gas costs

Egypt set to invest $1.8 billion in offshore gas exploration

The programme, which is backed by major international companies, aims to drill 35 exploratory gas wells until July 2025

Esaal, Allianz Insurance partner to revolutionise healthcare

Esaal’s tech-enabled platform delivers a convenient, frictionless and secure wellness service

Egypt offloads 9.5% stake in Telecom Egypt for $121 million

Egypt is offering a further 0.5% for company employees to buy until May 25

Abu Dhabi’s EHI partners EFG Hermes ahead of ADX listing

EFG Hermes will act as a strategic partner during Ethmar International Holding’s private offering process

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