acquisition
Abu Dhabi Ports acquires 70% of two Egyptian companies at $140 mln
Business
July 1, 2022
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
February 23, 2021
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
September 18, 2018
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
July 4, 2017
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…