• Thursday, 10 November 2022

    Qatar deposits USD 1 bn with the CBE as acquisition talks stretch out

    Qatar’s sovereign wealth fund has deposited USD 1 bn with the Central Bank of Egypt (CBE) as it negotiates to acquire stakes in major companies owned by the government, Bloomberg reports, citing sources familiar with the matter.Due diligence and negotiations...
  • Wednesday, 2 November 2022

    Qatar is eyeing a USD 1 bn green hydrogen and ammonia project

    Qatar’s sovereign wealth fund might want in on our green hydrogen ambitions: The Qatar Investment Authority (QIA) is considering investing in a green hydrogen and ammonia project in the Suez Canal Economic Zone, Al Borsa reported yesterday, citing unnamed sources...
  • Tuesday, 1 November 2022

    More talk of Qatari FDI

    More talk of incoming Qatari FDI: Egyptian investment authority GAFI and the Qatari Businessmens’ Association held another in a string of recent meetings to discuss potential investments yesterday, according to a cabinet statement. Members of the Qatari delegation expressed interest...
  • Tuesday, 1 November 2022

    The IMF has upgraded its 2022 growth forecasts for MENA (thanks, in part, to Egypt)

    Egypt is helping to buoy economic growth in the region this year: The IMF has raised its forecast for economic growth in MENA to 4.9% in 2022, up 0.5 percentage points from its April outlook, “in part reflecting a stronger-than-expected...
  • Monday, 31 October 2022

    Egyptian officials talk ties, investment with UAE + Qatar

    The EU is helpling Egypt crack down on illegal migration: The EU and Egypt yesterday signed an agreement for the first phase of a new EUR 80 mn program designed to make it harder for migrants to cross illegally from...
  • Monday, 31 October 2022

    More on Fed week + EFG Hermes lands bookrunner job on Riyadh Cables

    The Fed will likely go for another aggressive hike this week — but what if consumer spending proves too resilient? Economists are penciling in another jumbo 75-bps hike from the US central bank when it meets on Tuesday and Wednesday...
  • Monday, 24 October 2022

    Developing world debt is going nowhere — and that’s a barrier to climate goals

    Debt relief? What debt relief? Policymakers, investors and campaigners have been left disappointed by a lack of progress by the G20 to agree debt relief measures for poorer nations, Reuters reports. Rich nations are yet to make headway on the...
  • Sunday, 23 October 2022

    Qatar’s sovereign fund is taking a closer look at Damietta Port

    WATCH THIS SPACE- Qataris eyeing Damietta Port? Representatives from Maha Capital, the investment arm of Qatar Investment Authority (QIA), visited Damietta Port last week, a month after signing an MoU with the Transport Ministry to explore investment in the country’s...
  • Thursday, 20 October 2022

    Qatar could soon invest up to USD 2.5 bn in state-held firms

    Qatar could invest as much as USD 2.5 bn in state-held firms: Qatar’s sovereign wealth fund is in advanced talks to buy up 20% of Vodafone Egypt from minority shareholder Telecom Egypt, as well as other state-held stakes in unlisted...

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