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EFG Hermes Successfully Completes the Sale of Helmerich & Payne's full stake in ADNOC Drilling Through an Accelerate Book Build

 EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division has successfully completed an accelerated book build (ABB) on behalf of Helmerich & Payne، Inc. (H&P). This transaction involved the full divestment of H&P’s stake in ADNOC Drilling، valued at approximately USD 197 million. EFG Hermes acted as Joint Global Coordinator for the ABB، facilitating H&P’s exit from ADNOC Drilling، a stake it had initially acquired as a cornerstone investor during ADNOC Drilling’s initial public offering (IPO).Commenting on the transaction، Ali Khalpey، Head of Equity Capital Markets at EFG Hermes، said: “We are proud to have successfully supported Helmerich & Payne in this important transaction....


Valu Partners with Flash a Fast-Growing Cashless Aggregator that Provides a Convenient QR Code Payments Solution

Valu، MENA’s leading universal financial technology powerhouse، announced today a partnership with Flash، an Egyptian cashless payments Fintech company، which provides QR code – based payments solutions as an aggregator، to enhance the digital payment experience for customers and merchants in Egypt. This collaboration aims to streamline transactions and improve convenience by enabling Valu to be one of the payment solutions across Flash’s merchant network. Users can now pay for shipments with Valu both on delivery and in the app، as well as order from F&B vendors or any other industry using Valu as a payment method in store and on delivery. Flash allows customers to make on-the-spot payments effortlessly using their phones، enabling merchants to accept payments digitally without having...


Valu Partners with Alameda Healthcare Group to Provide Convenient Payment Solutions to Patients

 The agreement reflects Valu’s commitment to expanding its service offering to foster affordable healthcare Valu، MENA’s leading universal financial technology powerhouse، has announced a collaboration with Alameda Healthcare Group (Alameda) to avail Valu’s flexible payment and installment plans to patients. The partnership will provide patients with immediate access to quality medical services by utilizing Valu’s flexible payment plans، which offer payment periods of up to 60 months. Valu customers can now finance a wide range of inpatient and outpatient services at Alameda Healthcare Group’s two tertiary care hospital brands، Dar Al Fouad and As-Salam International; its specialized gastroenterology and liver care center، Elixir Gastro and Liver Care Center; its physiotherapy and rehabilitation clinic، German Rehabilitation Center; and general healthcare clinics، Tabibi، where...


Valu Partners with The Magdi Yacoub Heart Foundation

Valu، MENA’s leading universal financial technology powerhouse، is proud to announce its partnership with the Magdi Yacoub Heart Foundation (MYF)، a renowned charitable organization dedicated to cardiovascular healthcare، to present donors with a convenient، alternative payment method for donating to the foundation and helping finance the Magdi Yacoub Global Heart Centre، currently under construction in Cairo. Valu will leverage its innovative payment option، SparkIt، allowing donors to contribute to MYF through convenient one-month payments without any additional fees. The collaboration aims to streamline the donation process and make it more accessible to individuals who wish to support the foundation and the construction of the state-of-the-art Magdi Yacoub Global Heart Centre. Donations made via SparkIt will facilitate the sponsoring of operations and...


Fuel prices rise in Sanaa despite its flow through the port of Hodeidah

 The prices of oil derivatives in areas controlled by the Houthi militia - Iran's arm in Yemen - are still high in light of the successive arrival of ships loaded with fuel to the port of Hodeidah. A UN report issued by the World Food Program indicated that Hodeidah ports are witnessing an increase in the volume of fuel and food imports during the past seven months of the current year 2023. The report added that total fuel imports since the beginning of last year amounted to 1,584 million metric tons, a significant increase of 81% compared to the same time period in 2022, in which a total of 876 thousand metric tons of fuel entered.The UN program explained that gasoline and...


عروسان فلبينيان يقيمان زفافهما في كنيسة غمرتها المياه (فيديو)

أصر عروسان في الفلبين على إقامة زفافهما رغم الفيضانات التي ضربت المنطقة والتي تركت أرض الكنيسة مغمورة بمياه الأمطار الكثيفة. وأظهرت مقاطع فيديو وصور أن العروسين دخلا الكنيسة في مدينة مالولوس الفلبينية، وسارا وأرجلهما حتى الكاحل في الماء.وفي عرض مفعم بالحب والعزم، سارت العروس والابتسامة تعلو وجهها، في ممر الكنيسة الغارق بالمياه، غير منزعجة من المياه العميقة.وانتشرت قصة العروسين المبتلين بسرعة على وسائل التواصل، بعد أن نشرت إحدى قريبات العروس صورا ومقاطع فيديو أثناء القداس وهما أمام مذبح الكنيسة، بينما ابتلت أطراف ملابسهما بماء الفيضان.Wading through a flooded church for a wedding in #Typhoon hit Philippines! Bride braves through the flooded aisle at the Barasoain Church in MalolosVC: Maria Jasmin Halili #Doksuri#Floods#Philippines#Egay#Malolos#Bulacan#IlocosNorte#Manila#TyphoonDoksuri#Climate… pic.twitter.com/IBexy8gR91— Earth42morrow (@Earth42morrow) August 1, 2023المصدر: RT