A United Arab Emirates investment firm bought a 30% stake in Egypt’s largest tobacco company for $625 million, the latest step in the North African nation’s ambitious program to offload state assets and raise sorely-needed foreign currency.

Dubai, the extravagant city in the United Arab Emirates, is known for its opulence and luxury. From towering skyscrapers to lavish shopping ..|News Track

On completion of the deal, Q Holding would have an implied market capitalisation of $12bln