Friday, March 29, 2024
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Tag: #Investment

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

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
Investcorp launches new climate solutions investment platform

Bahrain’s Investcorp launches new climate solutions investment platform

The platform seeks to accelerate the global transition to a zero-carbon economy with a focus on the deployment of commercially proven climate solutions.
Afreximbank, Morocco ink MoU for $1billion trade programme

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.
CBB issues new regulations to expand scope of family offices

Bahrain issues new licenses to expand scope of family offices

The regulations were developed to suit the business models of family offices that provide services to multiple wealthy families.
Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion

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.
ALEXBANK, Network International to accelerate digital transformation

Network International invests EGP 1 billion in Egypt

The payments firm plans to use part of the investment to acquire, deploy and maintain around 100,000 POS machines
Middle East investors to inject $120 billion in Egypt

Middle East investors to inject $120 billion in Egypt

The UAE invested in 71 projects worth a record $5.6 billion in 2021 alone, with the most significant being The Agtech Park.
Cairo offers first-class infrastructure and facilities

Cairo to host 3rd Intra-African Trade Fair in November

The decision to change the venue and dates of the continental event followed the announcement from Côte d’Ivoire that it was no longer in a position to host the trade fair
EFG Hermes and EIH agreement

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
Joint venture between the UAE and Egypt companies.

Egypt, UAE companies form $9.8 million joint venture

The signing of the agreement marks another milestone in the cooperation between the UAE and Egyptian companies