Top News & Analysis
MACRO NEWS
The government has inked a contract to buy 180,000 tons of wheat from India. (Enterprise)
The Saudi sovereign wealth fund could be snagging a stake in the new hotels company made up of several merged state hotels. (Enterprise)
CORPORATE NEWS
Madinet Nasr Housing & Development [MNHD] has confirmed that it has not received a formal offer from Aldar Properties PJSC. (Arab finance)
Ezz Steel [ESRS] denied the rumors of a possible merge with Al Ezz Dekheila Steel - Alexandria [IRAX] through shares swap. (Company disclosure)
Abu Dhabi Islamic Bank [ADIB] has denied the rumors of any banking transactions or financial relations with Bayt El Khebra. (Company disclosure)
O West, one of Orascom Development Egypt’s [ORHD] flagship projects in West Cairo, has launched Hillside Bliss Villas, offering 400 villas, twin houses, townhouses, and apartments. (Arab finance)
Drive for leasing is aiming to issue bonds worth EGP1.3bn by the end of 2024. (Al-Borsa)