• Wednesday, 1 March 2023

    Dubai’s luxury property market is heating up + Can fast fashion be slowed down?

    Could Dubai soon dethrone New York as the luxury real estate market king? As wealthy investors flock to the UAE city for a safe haven from geopolitical and economic uncertainty, its luxury real estate market has become the busiest in...
  • Tuesday, 28 February 2023

    Adnoc ups gas unit IPO on heavy investor demand

    Abu Dhabi IPO WATCH: Adnoc’s natural gas arm will now offer close to a 5% stake in its IPO in Abu Dhabi after it covered its orderbook within hours last week. The Emirati energy company originally planned to sell 4%...
  • Sunday, 26 February 2023

    THIS EVENING: Fresh agreements for nine regional industrial projects + global stock market fear

    Good afternoon, ladies and gentlemen. We’re having a (so-far) calm start to the week, but we’re expecting the pace to pick up as everyone shakes off the weekend cobwebs.THE BIG STORY TODAY- USD 2 bn for nine regional industrial projects:...
  • Monday, 20 February 2023

    UN Security Council drops vote condemning Israel settlements

    No showdown at UN over Israel settlements: The UAE will not push for a vote at the UN Security Council today demanding that Israel "immediately and completely cease all settlement activities in the occupied Palestinian territory,” Reuters reported, citing a...
  • Tuesday, 27 December 2022

    The 2022 downturn in global M&A wasn’t felt in Egypt

    2022 might have coincided with a downturn in global M&A — but the same can’t be said for Egypt: Globally, 2022 hasn’t been a great year for M&A. After reaching a record high of USD 5.8 tn in 2021, the...
  • Monday, 26 December 2022

    UAE’s Fintech Galaxy acquires Underlie + O7 gears up for a GCC expansion in 2023

    STARTUPS-UAE-based open banking platform Fintech Galaxy has acquired Egyptian API provider Underlie for an undisclosed sum, according to a press release. The acquisition comes as part of the Emirati fintech’s expansion plans, capitalizing on Underlie’s local expertise to enter the...
  • Tuesday, 13 December 2022

    Americana shares rise following dual-listing in Saudi + Abu Dhabi

    Americana shares climb in its dual debut: Americana Group, the operator of KFC and Pizza Hut in the Middle East, saw its share price climb on its trading debut following a dual listing in Riyadh and Abu Dhabi, Bloomberg reports....
  • Monday, 12 December 2022

    Chimera completes acquisition of MNT stake from GB Auto

    CONSTRUCTION-Egypt-based Engineering Consultants Group (ECG) was awarded a contract to design a multi-purpose hall for Saudi mega city Neom, according to its website.COMMODITIES- Bidding in cooking complex tender wraps: Seven local and international companies bid in the Supply Ministry’s tender...
  • Monday, 12 December 2022

    Gulf sovereign funds are bidding for Egypt desalination plants

    Gulf sovereign wealth funds are among 28 bidders vying for contracts to build the 21 desalination plants the government is tendering to the private sector, Atter Hannoura, director of the Finance Ministry’s PPP unit, told Enterprise. Subsidiaries of the wealth...

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