acquisition

ADNOC acquires half of Total Energy fuel stations in Egypt
Business

ADNOC acquires half of Total Energy fuel stations in Egypt

The Emirati ADNOC Distribution has completed procedures for acquiring half of the Total Energy fuel stations in Egypt, as part…
Abu Dhabi Ports acquires 70% of two Egyptian companies at $140 mln
Business

Abu Dhabi Ports acquires 70% of two Egyptian companies at $140 mln

Abu Dhabi Ports Group announced that it reached an agreement to acquire 70 percent of the shares of the International…
Nassef Sawiris to approve US$4.7 bn takeover of Signature Aviation
Business

Nassef Sawiris to approve US$4.7 bn takeover of Signature Aviation

Business tycoon and Egypt’s wealthiest person Nassef Sawiris is reportedly backing a US$4.7 billion takeover offer for his share in…
Uber considers buying Careem: sources
Egypt

Uber considers buying Careem: sources

  Uber, the company behind the world’s most-used ride-sharing app, is considering acquiring its biggest competitor in the Middle-East, Careem,…
Amazon completes acquisition of e-commerce firm Souq.com
Business

Amazon completes acquisition of e-commerce firm Souq.com

The Dubai-based online retailer Souq.com announced on Monday that its sale to e-commerce giant Amazon has been completed. The $650…
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