Sources close to the situation have revealed that Apollo Global Management is currently in discussions with AlShaya Group to potentially acquire the Starbucks franchise in the Middle East. This move would mark Apollo’s first foray into the coffee industry, as the private equity firm looks to diversify its portfolio. Both parties have not yet reached a final agreement, but negotiations are said to be progressing positively.
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Algerians vote in presidential poll as Tebboune eyes easy victory
Algerians started voting in a presidential election where President Abdelmadjid Tebboune is expected to win a second term. The incumbent faces challengers Abdelaali Hassani and Youcef Aouchiche, but is heavily favored to win. The streets in Algiers were quiet in the morning, with most voters expected to cast their ballots later in the day. Source link
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