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We spoke with Ahmed Shams El Din, Head of Research at EFG Hermes, an @EFG_Holding company, on why the Saudi market still sees hesitancy among foreign investors. El Din also discusses the kingdom's banking sector outlook, and untapped investment prospects. https://t.co/3H8ZOvSygp

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Italian Deposits and Loans Fund (@GruppoCDP) commits EUR 145 mn to bolster Egypt's MSME and vocational training sectors. https://t.co/CubB4E7u1I

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Egypt is set to receive USD 820 million from the @IMFNews following the cabinets approval of its expanded USD 8 billion loan program. https://t.co/jgWcmqGbe1

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We chatted with Motaz El Dreny, founding partner of @Dreny_Partners, discussing his morning routine and reflections on Ramadan. El Dreny shared his insights, and the legal firm's plans for regional expansion into Saudi Arabia. https://t.co/CBvyzYrWKs

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Six new golden licenses worth EGP 5.6 bn were issued by Egypt’s @GAFI_EGYPT. Projects include a EGP 3.6 bn rail supplies factory by National Egyptian Railway Industries Company + a EGP 1.5 bn strategic warehouse in Luxor by Hassan Allam. https://t.co/HfHlZvFk0M

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Ras Al Khaimah government is now RAK Properties' biggest shareholder. The government upped its stake to 34%, up from a previous 5%. https://t.co/NxlcvHROnd

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Mashreq's Tarek El Nahas on why we may be looking at an “opportunity on a scale and at a speed that Egypt has never seen before.” @MashreqTweets
https://t.co/GjyXesIaa8

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Egypt's General Authority for Investments and Freezones (@GAFI_Egypt) has awarded six golden licenses for projects worth a combined EGP 5.6 bn. The projects span the fields of tourism, transport, housing, internal trade, food, and green energy. https://t.co/mxVRoSjCTa

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Enterprise Explains: How is global shipping impacting the Arctic’s battle against climate change? https://t.co/oy8bNPQSw4

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UAE salaries are expected to outpace inflation with a 4.1% average increase in 2024. https://t.co/DDfqIwOyon

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Tomorrow, @modernmills_sa will ring the bell on @Tadawul's main market, marking the conclusion of its IPO. The company sold a 30% stake, with 20 points going to institutions and retail investors. Priced at SAR 48.00 per share, MMC is valued at SAR 3.9 bn. https://t.co/fqMaK6XFrd

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Real estate firm @SamanaDeveloper plans to build AED 12.5 billion worth of residential projects in Dubai this year, making contracts with 18 construction companies for execution. https://t.co/a9jw5ubUSS

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Abu Dhabi's @Mubadala, acquires 100% of biopharma firm KELIX Bio, and a USD 500 mn stake in @AnthropicAI from @FTX_Official. https://t.co/v7V2KbOrUq

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Saudi Arabia’s @PIF_en reinforces its interest in US EV manufacturer @LucidMotors with a USD 1 bn follow-on investment. https://t.co/O1TSG0MZ5j

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AI in banking will be similar to the industrial revolution, creating more opportunity than it destroys, @Mashreq's Global Head of Retail Banking Fernando Morillo told us in the first of a two-part interview.
https://t.co/fqMaK6XFrd

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UAE's @ADPortsGroup acquires 60% stake in Georgia’s Tbilisi Dry Port through a purchase agreement with Inveco. https://t.co/9usN7FbFu7

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Egypt's @EFG_Holding is launching a USD 300 mn education fund in Saudi Arabia to address a gap in mid-market, aiming to repeat the success of the the Egypt Education Platform, EFG Hermes Co-CEO Karim Moussa told Enterprise. https://t.co/CGta30fNdx

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International Resources Holding, part of @IHC__Official, has finalized its acquisition of Zambia’s Mopani Copper Mines. https://t.co/TXhZnZFqPn

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Shipping giant @Maersk announces it will continue to reroute shipments via the Cape of Good Hope, avoiding the Red Sea, despite the deployment of an EU naval force to the region.
https://t.co/C6tE8xR70x

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Egypt’s @OrascomConst reports net income rose 39.7% y-o-y to USD 158.6 mn in 2023. The company’s new awards rose 234.3% y-o-y in 4Q to USD 1.9 bn.
https://t.co/1b9roOV60G