Money Shein profits double to over $2bn in ’23 Nada Ali Mar 31, 2024 0 Shein, an online fast-fashion retailer, has more than doubled its profits of $2 billion in 2023 and is awaiting…
Africa News Africa Energy Bank to start operating in ’24 Aya Anwar Mar 27, 2024 0 The proposed Africa Energy Bank, focusing on oil and gas investments continent-wide, plans to commence operations…
Featured Aramco’s ’23 profit drops to $121b Aya El Sayed Mar 10, 2024 0 Aramco, the Saudi oil giant, announced on Sunday a $121 billion profit in 2023, down from its record high of $161…
News Alibaba discloses state ownership amid SEC inquiry Nada Ali Feb 26, 2024 0 Alibaba Group Holding Ltd. revealed a broader network of Chinese government stakes in its business units, in…
Money Apollo targets stake in AlShaya’s Starbucks Aya El Sayed Feb 8, 2024 0 Apollo Global Management Inc., a U.S. private equity firm, is negotiating to acquire a minority stake in the…
Tech/AI Saudi PIF, acquisition talks over 3 private Egyptian companies Mennatullah Hamzawy Sep 21, 2023 0 Saudi Arabia’s Public Investment Fund (PIF) is in advanced negotiations to acquire three private Egyptian companies…
Money The Banker: Egypt remains key African investment hub despite economic hassles Yomna Yasser Feb 27, 2023 0 Egypt continues to stand out as one of Africa’s key investment hotspots, despite the country’s mounting economic…
Featured India’s ReNew Power wants to expand into green hydrogen in Egypt Yomna Yasser Jan 17, 2023 0 India’s largest renewable energy firm ReNew Power is studying opportunities to expand into green hydrogen in India,…
Featured Bucking emerging market trend, Egypt is one of the most preferred destinations for foreign… Dina Abdel Fattah Dec 14, 2022 0 This year, Egypt has become the most preferred destination for foreign investors among emerging markets. The sale…
Egypt News Egypt needs to empower private sector – ex-investment minister Bahaa El-Din Nada Ali Oct 24, 2022 0 Egypt needs to enforce existing laws regulating businesses to attract more investors, which shall support the…