Zawya Brief: De-listing of Emaar Malls in preparation for the merger...

Zawya Brief: De-listing of Emaar Malls in preparation for the merger...
Zawya Brief: De-listing of Emaar Malls in preparation for the merger...

Delisting of Emaar Malls

Emaar Malls Company said, in a statement on Saturday, that the Securities and Commodities Authority agreed to cancel the listing of the company, provided that Emaar Properties will issue 0.51 shares of its shares for each share of Emaar Malls, as part of the merger of the two companies, provided that the decision to cancel the listing shall take effect. After the trading session ends on Sunday.

Two sources told Reuters on Sunday that the Abu Dhabi National Oil Company (ADNOC) is considering an initial public offering of its logistics, marine and shipping unit, ADNOC Logistics and Services, in 2022.

Saudi “Tadawul” sets the price range for its public offering

On Sunday, Tadawul Saudi Holding set the price range for the public offering of 30% of its shares between 95 Saudi riyals ($25.3) and 105 riyals ($28).

Water and electricity agreement between the UAE, Jordan and Israel

– It is expected that the UAE, Jordan and Israel will sign an agreement in on Monday, after months of negotiations, to establish a large solar energy project in the Jordanian desert to generate electricity for Israel, in exchange for a desalination plant in Israel that will provide Jordan with clean water, according to Israeli media.

A proposed Egyptian project to link Lake Victoria with the Mediterranean via the Nile

On Saturday, Egypt presented the United States with a project to convert the Nile River into an international navigation course that extends from the Mediterranean Sea to Lake Victoria – the source of the Nile River. The project also includes a railway and an electrical connection, according to a statement by the Egyptian Ministry of Water Resources and Irrigation.

Al-Ahly Club of Egypt is considering listing its company on the stock exchange
The board of directors of the Egyptian Al-Ahly Club is considering offering 49% of the shares of Al-Ahly Club for public subscription in preparation for its listing on the Egyptian Stock Exchange, according to what the company’s board chairman said in statements to the website of the Saudi channel Al-Arabiya.

Egyptian Palm Hills seeks investments of 3.8 billion pounds in 2022

Palm Hills Developments, the second largest real estate company listed on the Egyptian Stock Exchange, aims to invest about 3.8 billion Egyptian pounds ($242 million) in projects during 2022, compared to 2.5 billion pounds ($159 million) expected this year, according to Yassin Mansour, President The company’s board of directors in an interview with the Saudi Al-Sharq channel, which was published on Saturday. The company’s sales rose in the first 9 months of this year by 76% to 12.9 billion Egyptian pounds (822 million dollars).

Dozens killed in Sudan

The Central Committee of Sudanese Doctors said, on Saturday evening, via , that the death toll in the demonstrations that took place since November 17 in protest against the military coup has risen to 40, while more than 100 people were injured, some of them with “live bullets.”

While the Sudanese police say that only one person was killed, and that they use only minimal force to disperse the demonstrators, according to a BBC Arabic report.

This comes at a time when Sudan is expected to witness massive demonstrations today in continuation of the movement that was launched in rejection of the army’s moves last month to dissolve the government and the Sovereignty Council, among other measures, according to the same report.

The head of the Sudanese Umma Party, Fadlallah Burma Nasser, told Reuters on Sunday that the army intends to restore Prime Minister Abdalla Hamdok to his post after reaching an agreement in the late hours of Saturday.

He added that Hamdok will form an independent government of competencies, and all political detainees will be released.

The world’s largest shipping company issues green bonds

Moller-Maersk, the world’s largest container shipping company, has issued its first ever green bond, raising €500 million ($565 million), which the company will spend on a medium-sized vessel and 8 large vessels powered by methanol – which is better for the environment than conventional fuel – She had previously requested it this year, according to Bloomberg.

The “World Health” expects half a million deaths from Corona in Europe

The World Health Organization expects half a million people to die from the Corona virus in Europe by next March unless urgent action is taken, while many countries are recording a rise in the infection rate and imposing partial and total closures, according to what the organization’s regional director for Europe Hans Kluge said. In a statement to the BBC.

(Prepared by: Maryam Abdel Ghani, and Maryam has previously worked in several media organizations, including Aswat Masriya website affiliated with Thomson Reuters Foundation and Al Ghad Al Arabi TV)

(Editing: Yasmine Saleh, contact: [email protected])

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