• Thursday, 23 September 2021

    We’ve received 2.9 mn doses of AstraZeneca this week, by our count

    Egypt received 1.5 mn doses of AstraZeneca vaccines yesterday, the Health Ministry announced, without citing the origin of the shipment. We also received 851k doses of AstraZeneca vaccines on Monday, supplied by Germany under the Gavi / Covax program, Unicef...
  • Wednesday, 22 September 2021

    UAE in talks with Turkey on energy investment as relations thaw

    The UAE is in talks with Ankara on investment in Turkey’s energy sector, Turkey’s deputy energy minister told reporters yesterday, according to Reuters. Speaking on the sidelines of the Gastech conference in Dubai, Alparslan Bayraktar said he will meet the...
  • Sunday, 19 September 2021

    Welcome home, space tourists.

    Investors are expecting indebted giant Evergrande to default on its interest payments this Thursday, with one of the two notes on which interest is due trading at less than 30% of its face value, Bloomberg reports. Fears of China’s Evergrande...
  • Sunday, 19 September 2021

    Biden admin vows to help normalize Arab-Israeli ties

    Biden administration embraces mission to normalize Arab-Israeli ties: Secretary of State Anthony Blinken on Friday said that the US will work to encourage more Arab countries to normalize relations with Israel, Reuters reports. His comments came during a virtual meeting...
  • Wednesday, 15 September 2021

    Aldar, ADQ launch bid for SODIC

    The UAE’s Aldar Properties and sovereign wealth fund ADQ has submitted a mandatory tender offer for up to 90% of upmarket real estate developer SODIC, they said in a disclosure (pdf) to the ADX yesterday. The all-cash offer saw the...
  • Monday, 13 September 2021

    Economic headwinds are coming from the East as well as the West

    Economic headwinds are coming from the East as well as the West: Fissures in China’s economic recovery could drag down riskier emerging markets, Bloomberg reports. Production slowdowns as a result of the spread of the delta variant, the government’s regulatory...
  • Monday, 13 September 2021

    Egypt sees blockbuster 1H2021 for M&A

    Boom time for Egypt M&A: The value of M&A transactions in Egypt more than quadrupled y-o-y during the first half of 2021 as the effects of cheap borrowing and economic optimism that has fuelled a surge in consolidation globally were...
  • Wednesday, 8 September 2021

    TONIGHT: MTN’s record round + a very long list of things that should be on your Egypt calendar

    Good afternoon, everyone, and welcome to another busy newsday, with our top story being a blockbuster:THE BIG STORIES TODAY SO FAR- #1- Our friends at MNT-Halan have pulled off what we think is the biggest fintech round ever to take...
  • Tuesday, 7 September 2021

    THIS MORNING: Fall conference season continues; Egypt-Turkey talks 2.0 kick off in Ankara;

    Good morning, friends, and welcome to an extra-busy news day, feature stories on everything from M&A in Egypt (up a lot over 2020) and FX reserves (up a bit) to the prospect of a capital gains tax on EGX transactions...

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