News / Business

Rowad Modern Engineering Partners With Star-light For Katameya Creeks Project

ELSEWEDY ELECTRIC, the leading wires and cables and integrated energy solution provider in the Middle East and Africa, announces on February 3 the partnership between its subsidiary Rowad Modern Engineering (RME) and Star-Light Company for Urban Development and Tourism

Dubai Property Market Recovers

The Dubai property market has shown signs of recovery in the second half of 2020, despite the mobility restrictions and economic downturn caused by the coronavirus pandemic, Zawya reports.

Isqan.Com Secures A Six-Figure USD Seed Round

Isqan.com has managed to secure a six-figure USD funding from Real Estate Developer Mohamed Gaballah CEO of EGYGAB HOLDING, Invest-Gate reports.

CMA CGM to Operate Port of Alexandria’s Pier 55

Egyptian authorities have confirmed their intention to enter into a long-term partnership with CMA CGM for the operation and management of Pier 55, the Port of Alexandria’s upcoming multi-purpose terminal. Operations are scheduled to start in 2022, Invest-Gate reports.

CNN Names Egypt Among Top 21 Go-To Places in 2021

CNN Travel has featured Egypt among its newest list of top "21 Places to Go in 2021," indicating that the Grand Egyptian Museum (GEM) will turn heads upon inauguration this year due to its proximity to Giza Pyramids.

EBRD Gives USD 12 mn Loan to Al Dau Al Haram for Hyatt Regency Hotel

The European Bank for Reconstruction and Development (EBRD) has extended a USD 12 mn (EGP 190.1 mn) long-term loan to Al Dau Al Haram for Hotel Operations for the regeneration of a brownfield site into a Hyatt Regency-branded hotel in west Cairo.

Elsewedy Technical Academy Inks MoU to Boost Vocational Education

Elsewedy Technical Academy (STA) has announced the signing of a memorandum of understanding (MoU) with the Egyptian German Technical Academy (EGT Academy) to support technical and vocational education and training (TVET) in Egypt and MENA region.

Majid Al Futtaim, valU to Jointly Present ‘Buy-Now-Pay-Later’ Services

UAE-based retail conglomerate Majid Al Futtaim has partnered with EFG Hermes’ fintech arm valU to provide shoppers with monthly installment plans of up to five years through the latter's e-commerce platform.

Dubai Property Prices Drop 0.9%, Rents Fall 6.9% in Q3 2020

The Central Bank of the UAE (CBUAE) has reported that residential prices in Dubai dropped 0.9% YoY in Q3 2020, referring to inexorable pressure from the ongoing Coronavirus crisis.

MetLife to Offer Insurance Solutions Through ADIB

MetLife has announced its partnership with Abu Dhabi Islamic Bank - Egypt (ADIB) to provide comprehensive life insurance solutions through ADIB’s diverse distribution channels and network of at least 69 branches across the country.

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