International
Economy
Egypt's net foreign assets deficit declines for second month in a row
Egypt's net foreign assets (NFAs) deficit shrank $17.8 billion in March, its second month of decline, central bank data showed, ......
TMT
Bharti Airtel's Africa unit set to bag a big cheque from offshore investor
Airtel Africa Plc, which is listed on the London Stock Exchange and is a subsidiary of India’s Bharti Airtel, is ......
Finance
BlackRock to launch PIF-backed Saudi investment platform
The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, ......
TMT
UAE's e& seeks to buy $8.6 bn European carrier United Group
Abu Dhabi-based Emirates Telecommunications is considering an acquisition of European cable and pay-TV operator United Group at a valuation of ......
TMT
European IT giant Asseco Group set to log out of Nigeria unit
Asseco Group, the Poland-headquartered software giant with a presence in over 50 countries, plans to exit the Nigerian market by ......
Manufacturing
Saudi firm Ma'aden to buy US fertilizer maker Mosaic's stake in JV for $1.5 bn
Fertilizer maker Mosaic Co said on Tuesday that Saudi Arabia's flagship mining firm Ma'aden would acquire the U.S.-based company's stake ......
TMT
Abu Dhabi-backed RedBird IMI scraps Telegraph deal, to sell UK newspaper
Abu Dhabi-backed RedBird IMI on Tuesday said it would sell the Telegraph after it scrapped its acquisition of the right-leaning ......
General
Global asset manager Barings opens office in Dubai
Barings, a global investment management firm that manages assets worth $406 billion, has opened an office in Dubai to help ......
TMT
Bahrain's Investcorp to acquire NSE's digital arm for $120 mn
Bahrain-based private equity and real estate investor Investcorp has entered into an agreement to acquire NSEIT, the digital technology business subsidiary ......
TMT
MENA Digest: UAE's WEE Marketplace, three Egyptian startups secure funding
Funding activity in the Middle East and North Africa region revived this week with a slew of early-stage deals, led ......
