Reuters Ride-hailing service Uber plans to make Cairo a regional hub with an investment of more than $50 million in the next two years, building on its breakneck growth in the infamously traffic-clogged city, its Egypt general manager said. The company has committed to investing $250 million over the next five years in the Middle East, where Cairo, a ...

  Reuters Kuwait’s Equate Petrochemical has set initial price thoughts for a two-part US dollar-denominated bond that is expected to be sold on Thursday, according to a document from the lead arrangers. The company’s initial guidance for a long-five-year bond was at the low end of 200s basis points over midswaps, while price thoughts for a ten-year debt tranche were ...

  Reuters Kuwait’s National Real Estate Company (NREC) plans to issue a $500 million sukuk early next year to help fund new projects and to refinance existing debt, its chief financial officer said on Monday. The company is about to obtain a credit rating from Standard & Poor’s and will then seek to appoint banks to arrange the planned Islamic ...