Saudi Arabia and Italy to sign 20 cooperation agreements across

UAE's Global Investment Holding Co. has purchased a 30% stake in Egyptian tobacco manufacturer Eastern Co. for $625 million, as part of Egypt's effort to increase private investments and reduce the state's involvement in the economy. Additionally, Italian energy major Eni plans to invest $7.7 billion in Egypt, further showcasing renewed investment interests in the African continent.

arabnews.com

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8/23/2023

QIA picks stake in India’s Reliance Retail Ventures at $100bn

Qatar Investment Authority will invest $1 billion for a 1 percent stake in Reliance Retail Ventures, valuing the company at $100 billion. This investment comes after Reliance Retail Ventures raised about $6.4 billion from various investors, including KKR, General Atlantic, and the Saudi Public Investment Fund.

9/17/2023

Gulf Markets Mostly Down on Profit-Taking; Egypt Hits Record High

Most stock markets in the Gulf ended lower on Sunday due to profit-taking, except for the Egyptian index which reached a record high. Saudi Arabia's benchmark index dropped, highlighting the risk of economic contraction for the kingdom, while Egypt's blue-chip index gained, led by Beltone Financial Holding. UAE's Global Investment Holding also agreed to buy a stake in Egypt's main tobacco products maker.