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

Arabiya Capital Staff -
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
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Afreximbank, Morocco ink MoU for $1billion trade programme

Arabiya Capital Staff -
Afreximbank will cooperate with relevant Moroccan entities and economic operators to develop and deploy appropriate project structuring and financing solutions.
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ADNOC Distribution unveils first branded service stations in Egypt

Arabiya Capital Staff -
ADNOC Distribution’s Egypt expansion is the latest achievement in the company’s international growth journey.
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African Development Bank, Google partner to accelerate digital transformation

Arabiya Capital Staff -
The agreement underscores a shared commitment to harness emerging technologies, extend and improve infrastructure.
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UAE’s Emirates NBD makes equity investment in Komgo

Arabiya Capital Staff -
The equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture fund.
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Egypt grants ACWA Power land for 10 GW wind project

Arabiya Capital Staff -
The 10 GW wind power plant is expected to provide the Egyptian economy with $6.5 billion savings in annual natural gas costs
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Egypt set to invest $1.8 billion in offshore gas exploration

Arabiya Capital Staff -
The programme, which is backed by major international companies, aims to drill 35 exploratory gas wells until July 2025
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Esaal, Allianz Insurance partner to revolutionise healthcare

Arabiya Capital Staff -
Esaal’s tech-enabled platform delivers a convenient, frictionless and secure wellness service
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Egypt offloads 9.5% stake in Telecom Egypt for $121 million

Arabiya Capital Staff -
Egypt is offering a further 0.5% for company employees to buy until May 25
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Abu Dhabi’s EHI partners EFG Hermes ahead of ADX listing

Arabiya Capital Staff -
EFG Hermes will act as a strategic partner during Ethmar International Holding’s private offering process
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