Abu Dhabi invests in Egyptian firms to help shore up economy ...Qatar

An Abu Dhabi wealth fund is snapping up stakes in key Egyptian companies, including the country’s largest listed bank, as part of efforts to shore up the North African nation’s economy. ADQ said it’s buying into Commercial International Bank, Fawry for Banking & Payment Technology Services SAE, Alexandria Container & Cargo Handling Company, Misr Fertilizers Production Company and Abu Qir Fertilizers & Chemical Industries. The fund didn’t specify how much it will spend, but Bloomberg has previously reported ADQ plans to invest about $2bn in Egypt, including a stake of about 18% in Commercial International Bank. The Egyptian bourse reported block trades worth $1.82bn in the five firms on Tues

Hence then, the article about abu dhabi invests in egyptian firms to help shore up economy was published today ( Wednesday 13/04/2022 - 10:08 PM ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Abu Dhabi invests in Egyptian firms to help shore up economy )

Last updated : 13 April 2022 clock 10:08 PM

Also on site :

Abu Dhabi invests in Egyptian firms to help shore up economy ...Qatar

Civil Authorities in Gaza: 2,890 Births Registered in March

Hot springs to hidden art: 5 things you didn’t know about Jacumba

My Daughter Made an Honest Mistake While Babysitting Her Cousins. My Sister Is Taking It Too Far.

NHL playoff standings: Game guide to Statement Saturday

The US should shape the global climate adaptation market

Universal's New 'Harry Potter' Experience Goes Darker Than Ever

Everything you need to know in the ‘Summer House’ love triangle scandal which exploded this week

The Chinese box office isn’t the Hollywood kingmaker it used to be. Here’s why

'London Falling': A teenage imposter, an aging gangster and a body in the Thames

White House Responds To Claims Lutnick, Gabbard Jobs At Risk

Nine men charged over plot to smuggle 3.5 tonnes of cocaine into Australia by sea

RGNX SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Reminds REGENXBIO (RGNX) Investors of Securities Class Action Deadline on April 14, 2026

DC vs MI मैच से हार्दिक पांड्या क्यों हुए बाहर? IPL 2026 की शुरुआत में ही मुंबई इंडियंस को लगा बड़ा झटका

College grads in ‘AI-proof’ careers like psychology and education are seeing negative returns on their degrees

The story of a 'Dreamer' who was wrongfully deported and has now returned to the U.S.