UAE’s AD Ports Group to invest $4.7m in Egyptian cruise terminals – Dailynewsegypt
Cruise terminals in Safaga, Hurghada, Sharm El Sheikh expected to be operational by 2025
Contact Financial Holding Ranked Among Egypt’s Top 50 Companies for the Third Consecutive Year – Dailynewsegypt
Forbes Middle East has announced its “Top 50 Public Companies in Egypt” list for 2024, and for the third year in a row, Contact Financial Holding has been recognized among this prestigious group. This significant achievement reflects the company’s unwavering
Egypt aims to cut debt service by 30%, lower debt-to-GDP ratio to 80%: Maait – Dailynewsegypt
Egypt’s Finance Minister, Mohamed Maait, announced that the government aims to reduce the debt service bill to 30% of public expenditures in the medium term. This is part of a broader strategy to lower the country’s debt-to-GDP ratio to
ASALDI Properties completes 1st phase sales of Shades commercial project in New Cairo – Dailynewsegypt
ASALDI Properties has announced the successful completion of the first phase of sales of its inaugural commercial project, Shades, in New Cairo. The project has secured leases for 85% of its retail spaces and sold over 50% of its
SODIC, Marriott International to debut Tribute Portfolio brand in Egypt with 2 new hotels – Dailynewsegypt
SODIC, a leading Egyptian real estate developer, and Marriott International have signed an agreement to introduce the Tribute Portfolio brand to Egypt with two new hotels. The hotels, slated to open in West Cairo in 2027 and on the
Egypt’s Water Research, Space Agencies join forces to tackle water challenges – Dailynewsegypt
Egypt’s National Authority for Remote Sensing and Space Sciences (NARSS) and the National Water Research Center (NWRC) have signed a joint cooperation protocol to bolster national efforts in water resource management and development. The protocol, announced at a workshop
New Development Bank pledges support for Egypt’s development goals – Dailynewsegypt
The New Development Bank (NDB) is committed to supporting Egypt’s development goals through financing and technical assistance, NDB President Dilma Rousseff said during the bank’s first seminar in Egypt, held under the theme “Navigating New Horizons.” Rousseff praised Egypt’s “pioneering
Egyptair, Etihad to deepen ties to enhance travel options – Dailynewsegypt
Egyptair, the state-owned flag carrier of Egypt and Etihad Airways, the national airline of the UAE have signed a memorandum of understanding (MoU) to strengthen their commercial and operational partnership. The agreement, which is subject to regulatory approvals, aims
Moscow to showcase best practices at International Municipal BRICS Forum – Dailynewsegypt
Moscow will host the International Municipal BRICS Forum on August 27-28, showcasing its best practices in urban development, Sergey Cheremin, Head of the Department for External Economic and International Relations of Moscow, announced. The forum is expected to attract representatives
EFG Hermes advises on $147m listing of Beyout Investment Group on Boursa Kuwait’s Premier Market – Dailynewsegypt
EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully advised on the $147m (KWD 45m) listing of Beyout Investment Group Holding Company K.S.C. (BIG) on Boursa Kuwait’s