Investcorp has secured a $550 million syndicated term loan, combining conventional and Islamic financing, after strong investor demand pushed the deal beyond its initial $400 million target. The proceeds will support general corporate purposes and debt refinancing.
PROPERTY
Cityscape Qatar concluded its latest edition with record-breaking results, generating QR1 billion ($269 million) in real estate sales, doubling last year’s figure, and welcoming 16,000 visitors over three days.
money
Nigeria is calling on Russia to deepen investment and technology transfer across Africa, with a focus on energy, infrastructure, agriculture, manufacturing and digital development. Speaking at the Third Russia-Africa Summit in Moscow, Nigerian officials stressed the need to turn diplomatic partnerships into tangible economic growth and long-term opportunities.
The Central Bank of Egypt raised key interest rates by 100 basis points, bringing the overnight deposit rate to 20% and lending rate to 21%, citing monthly inflation. The move ends an easing cycle that delivered 825 basis points in cuts since April 2025, while the bank pushed its inflation target timeline to the fourth quarter of 2027.
lifestyle
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