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Borouge expanding in Egypt through strategic partnerships

  Abu Dhabi / WAM Borouge, a leading petrochemical company providing innovative and differentiated solutions, continues to strengthen its existing value-chain partnerships through several new opportunities in Egypt – a strategic market where the company has long-standing ties. Borouge has contributed to shaping country’s most prominent projects, which are driving demand for energy, infrastructure, and agriculture solutions. In 2020, Borouge ...

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Investcorp leads $100mn pre-IPO round in TruKKer

Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, on Wednesday announced that Investcorp Saudi Pre-IPO Growth Fund LP led the Pre-IPO round in privately-held TruKKer Holding Limited, Mena’s largest digital freight network with a leading position across Saudi Arabia, the UAE, Egypt and neighbouring countries. Investcorp led the initial close of ...

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CBUAE, GCAA to link electronic payment systems

  ABU DHABI / WAM The central bank of the UAE (CBUAE) and the General Civil Aviation Authority (GCAA) signed a memorandum of understanding (MoU) on Wednesday on linking the electronic payment systems. The MoU comes as part of both entities’ efforts to implement the UAE’s strategy and achieve its digital transformation objectives for services provided to individuals. It aims ...

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