Maridive & Oil Services opens books to the Arab Energy Fund ahead of a potential acquisition

Good morning, friends.

Business confidence hit a four-year high in July, even as the PMI stayed in contraction for a seventh straight month.

In capital markets, foreign investors were net buyers in July

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EGX-listed Maridive & Oil Services has agreed to open its books to the Arab Energy Fund ahead of a potential acquisition bourse filing (pdf)

While approving due diligence doesn’t commit the offshore services group to the offer or signal board approval

REFRESHER- USD 0.65-0.72 per share

PRE Group is planning an EGP 94 bn mixed-use project in New Zayed company statement (pdf)

IN CONTEXT- sign agreements with eight international hotel brands

22% — that’s how much net foreign assets in our banks rose m-o-m in June CBE data (pdf)

It’s still nicer in Alexandria

The big story abroad

The regional war is on the front pages once again saying

Speaking of Washington shelled out

AI models by OpenAI and Anthropic are in hot water once again taking unauthorized online actions

Procter & Gamble has acquired supplement maker Thorne for USD 3.8 bn

*** It’s Hardhat day — your weekly briefing of all things infrastructure in Egypt: