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AD Ports, Invictus Investment to jointly invest $6 billion to develop Sudan’s Red Sea port

Arabiya Capital Staff -
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...
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Egypt’s non-oil private sector shrinks further in November after devaluation

Arabiya Capital Staff -
Egypt witnessed a deterioration in business conditions in November, the sharpest since the outbreak of the pandemic in early 2020, as inflationary pressures undermined...
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Real estate’s ESG credentials probed at COP27 as Egypt invests $324 billion in sustainable development

Arabiya Capital Staff -
Savills Egypt, one of the leading property consultants and part of Savills Middle East, hosted a panel discussion led by experts in sustainability and...
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UAE’s Air Arabia, DAL Group to form a new budget carrier in Sudan

Arabiya Capital Staff -
UAE’s Air Arabia said Thursday that it had partnered with Sudanese conglomerate DAL Group to launch a new low-cost airline based in Sudan’s main...
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China’s Oppo to invest $20 million in mobile phone factory in Egypt

Arabiya Capital Staff -
Chinese smartphone maker Oppo said Tuesday that it has signed an MoU with Egypt’s Information Technology Industry Development Agency (ITIDA) to build a mobile...
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Saudi-based logistics startup TruKKer raises $100 million in latest funding round

Arabiya Capital Staff -
Saudi-based digital freight network Trukker raised $100 million in a Series C fundraising round led by Bahraini asset management firm Investcorp in what is...
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Anchorage Investments shortlists 4 international contractors for $2 billion petrochemicals project

Arabiya Capital Staff -
Egypt’s Anchorage Investments, which develops and operates industrial projects in the petrochemicals sectors, said Tuesday that it has shortlisted four international contractors in the...
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Saudi wealth fund-backed Egyptian investment firm invests $1.3 billion in four firms

Arabiya Capital Staff -
Egypt’s planning ministry said Wednesday that the Saudi Egyptian Investment Company (SEIC), which is owned by the Public Investment Fund (PIF), has acquired minority...
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UAE’s ADNOC Distribution to acquire a 50% stake in TotalEnergies Egypt

Arabiya Capital Staff -
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...
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Egyptian property firm MNHD asks SODIC to bump up takeover offer

Arabiya Capital Staff -
Egyptian property developer Madinet Nasr for Housing and Development’s (MNHD) board has rejected a takeover bid by its rival Sixth of October for Development...
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