Tag: UAE
Saudi Arabia’s Hassana to invest $2.4 billion in DP World’s UAE assets
Dubai’s DP World said Wednesday that Saudi Arabia’s Hassana Investment Company (Hassana) has agreed to invest $2.4 billion in the global ports operator’s three...
AD Ports, Invictus Investment to jointly invest $6 billion to develop Sudan’s Red Sea...
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...
FAB participates in COP27 panel to explore the future of NZBA in MENA region
First Abu Dhabi Bank (FAB), the UAE’s largest bank by assets, said Wednesday that it participated in a panel that was hosted by the...
Egypt’s net foreign reserves rise slightly to $33.4 billion in October
Egypt’s net foreign reserves increased slightly for the second month in a row last month as the North African country awaits the increase in...
Qatar set to invest $2.5 billion in Egyptian companies, says report
Qatar is reportedly in advanced talks to acquire as much as $2.5 billion of state-held stakes in Vodafone Egypt, the country’s biggest mobile network...
Meeting an expanding need
1. What are the leading drivers of the growth of Family Office in the Middle East?
We would highlight three leading drivers. 1, Inter-generational transfer...
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...
UAE’s Agthia to invest $154 million in Egyptian snacks firm Auf Group
UAE’s food and beverage firm Agthia Group’s board approved a proposed acquisition of 60% of Egyptian snacks manufacturer company Abu Auf Holding worth $154.5...