Qatar-based Investment Holding Group (IHG) contemplates acquiring Elegancia Group

Investment Holding Group (IHG), a Doha-based Investment Management company, is mulling plans to acquire Elegancia group, a business supplies and equipment conglomerate also located in the Qatari capital. IHG’s board of Directors, Zawya notes, indicated to the Qatar Stock Exchange Read more

Egypt gets €145m credit from AfDB to improve safety of railway system after March deadly train accident

The African Development Bank, AfDB, Tuesday announced Tuesday a credit line of €145 million for Egypt to help enhance operational safety and to increase network capacity on national rail lines, The New Arab reports. “The planned upgrades are expected to Read more

Abu Dhabi–based Agthia Group acquires majority stakes in Egyptian meat producer

The Board of Directors of Abu Dhabi-based Agthia Group, a company operating in food and beverages, has approved the acquisition of majority stakes in Ismailia Investments, an Egyptian producer of frozen processed chicken and beef products, Zawya reports. The board Read more

Kuwait Investment Authority mulls plans to invest in five companies in Egypt

Kuwait’s sovereign wealth Fund also known as Kuwait Investment Authority (KIA) is planning to makes investment in five companies operating in Egypt, in next coming two years, reports say. Ahmed El-Khatib, Chief Investment Officer at Ekuity Holding, KIA investment arm Read more

Morocco’s Intelligence data enabled France to prevent a serious terrorist attack

Morocco’s General Directorate of Territorial Surveillance (DGST) handed France essential information about a French woman of Moroccan origin, who was plotting a terrorist attack in a church. The data enabled France to prevent the attack, a statement from the spokesperson Read more

Saudi Sports Company wins exclusive rights to broadcast Asian Football Confederation tournaments

Saudi Sports Company, Saudi Arabia’s media company signed a three-year contract with Asian Football Confederation to get the exclusive media rights for the confederation’s competitions between 2021 and 2024. The company will broadcast in the kingdom, all major AFC national Read more

Oman bans entry of visitors from April 8 over increase in Covid-19 cases

Oman Monday said only citizens and residents will enter the country from April 8 in view of curtailing the increase in the number of Covid-19 cases. The Supreme Committee to deal with the pandemic, Times of Oman notes, said it Read more