Tag: ADQ
Abu Dhabi wealth fund ADQ to invest $35 billion in Egypt
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
Digital bank Wio partners with First Abu Dhabi Bank to facilitate deposits
State-backed digital bank Wio Bank said Monday that it has joined forces with First Abu Dhabi Bank (FAB) to offer business customers cash and...
Abu Dhabi-owned SODIC seeks to acquire Orascom Real Estate for $125 million
Egyptian property giant Sixth of October for Development and Investment Company (SODIC) has submitted a non-binding offer to fully acquire Orascom Real Estate for...
UAE’s Agthia to invest $154 million in Egyptian snacks firm Auf Group
UAE’s food and beverage firm Agthia Group’s board approved a proposed acquisition of 60% of Egyptian snacks manufacturer company Abu Auf Holding worth $154.5...
Egyptian property giant SODIC seeks to acquire Madinet Nasr
Egyptian property developer Sixth of October for Development and Investment Company (SODIC) said Tuesday that it had submitted a non-binding offer to fully acquire...
Egypt’s central bank keeps key interest rates unchanged
The Central Bank of Egypt (CBE) kept its interest rates unchanged on Thursday, saying the ongoing war in Ukraine is among the main external...
Egypt signs 14 investment deals worth $7.7B with Saudi Arabia
Egypt and Saudi Arabia have signed 14 investment deals worth $7.7 billion (EGP 145 billion) state-run Middle East News Agency (MENA) reported Tuesday, as...