Tuesday, March 5, 2024
HomeInvestments

Investments

AD Ports, Invictus Investment to jointly invest $6 billion to develop Sudan’s Red Sea port

Sudan has signed a preliminary agreement with a consortium led by the UAE’s AD Ports Group and Invictus Investment to develop, manage and operate...

Egypt’s non-oil private sector shrinks further in November after devaluation

Egypt witnessed a deterioration in business conditions in November, the sharpest since the outbreak of the pandemic in early 2020, as inflationary pressures undermined...

Real estate’s ESG credentials probed at COP27 as Egypt invests $324 billion in sustainable development

Savills Egypt, one of the leading property consultants and part of Savills Middle East, hosted a panel discussion led by experts in sustainability and...

UAE’s Air Arabia, DAL Group to form a new budget carrier in Sudan

UAE’s Air Arabia said Thursday that it had partnered with Sudanese conglomerate DAL Group to launch a new low-cost airline based in Sudan’s main...

China’s Oppo to invest $20 million in mobile phone factory in Egypt

Chinese smartphone maker Oppo said Tuesday that it has signed an MoU with Egypt’s Information Technology Industry Development Agency (ITIDA) to build a mobile...

Saudi-based logistics startup TruKKer raises $100 million in latest funding round

Saudi-based digital freight network Trukker raised $100 million in a Series C fundraising round led by Bahraini asset management firm Investcorp in what is...

Anchorage Investments shortlists 4 international contractors for $2 billion petrochemicals project

Egypt’s Anchorage Investments, which develops and operates industrial projects in the petrochemicals sectors, said Tuesday that it has shortlisted four international contractors in the...

Saudi wealth fund-backed Egyptian investment firm invests $1.3 billion in four firms

Egypt’s planning ministry said Wednesday that the Saudi Egyptian Investment Company (SEIC), which is owned by the Public Investment Fund (PIF), has acquired minority...

UAE’s ADNOC Distribution to acquire a 50% stake in TotalEnergies Egypt

UAE’s ADNOC Distribution said Thursday that it has agreed to acquire a 50% stake in TotalEnergies Marketing Egypt for approximately $186 million (EGP 3.5...

Egyptian property firm MNHD asks SODIC to bump up takeover offer

Egyptian property developer Madinet Nasr for Housing and Development’s (MNHD) board has rejected a takeover bid by its rival Sixth of October for Development...

More news