News / Business

INTRO Technology, Oman Data Park Ink $450 Mn Strategic MoU to Launch Kemet Data Center in Suez Canal Economic Zone for Cloud Service Exports

INTRO Technology has announced the signing of a strategic Memorandum of Understanding (MoU) with Oman Data Park, Invest-Gate reports.

Beltone Venture Capital Broadens Presence in Europe, North Africa with Strategic Equity Investment in VelyVelo

Beltone Holding, one of the rapidly expanding financial institutions, has announced that its wholly owned subsidiary, Beltone Venture Capital, has successfully concluded its first international investment by strategically investing in VelyVelo, a prominent French e-bike rental company specializing in optimizing e-bike fleet management through a comprehensive subscription service and an all-in-one technology platform, Invest-Gate reports.

BNY Commends Egypt’s New Economic Group for Positive Coordination, Support to Private Sector

The Bank of New York Mellon Corporation (BNY) has commended the recent positive collaboration and unified approach supporting the private sector within the new economic coalition in Egypt, Invest-Gate reports.

Scope Developments Chairman: Real Estate Prices Surge Fivefold in Past 5 Years, Underlining Investment Profitability

Mohamed Ghobashy, Chairman of Scope Developments and a Board Member of the Egyptian Society of Real Estate Appraisers, emphasized that real estate stands out as the premier investment avenue, a fact underscored by decades of empirical evidence, Invest-Gate reports.

Beltone Holding Sustains Record Growth in H1 2024: Operating Revenues Surge by 818%, Net Profit Hits EGP 817 Mn

Beltone Holding, a rapidly growing financial institution, achieved a remarkable turnaround in H1 2024 by reporting a net profit after tax and minority interest of EGP 817 mn, in stark contrast to the EGP 146 mn loss incurred during the first half of 2023, Invest-Gate reports.

Dubai Real Estate Companies Report H1 2024 Profits of AED 7.01 Bn, Showing 19% Growth

The net profits of four real estate companies listed on the Dubai Financial Market surged by 19% during H1 2024, propelled by robust sales growth amidst the strengthening real estate and tourism sectors, alongside the accelerating pace of economic recovery in Dubai, Invest-Gate reports.

Alabbar Delighted to Extend Operations in Marassi on Egypt’s North Coast

Emirati businessman Mohamed Alabbar, Chairman of Emaar Properties, has expressed his delight at the positive reception and warm welcome to the proposal of extending operations in Marassi on the North Coast of Egypt by an additional two months, Invest-Gate reports.

Dubai Reports 17,000 Sales Transactions Totaling AED 55.5 Bn

Dubai’s real estate market has achieved a historic feat in July, boasting 17,000 sales transactions totaling AED 55.5 bn, Invest-Gate reports.

TMG’s $8.1 Bn Sales in SouthMED, Banan Confirm Real Estate Export Success

Talaat Moustafa Group Holding's (TMG) projects have significantly bolstered real estate exports and boosted the Egyptian state’s foreign exchange reserves with its remarkable sales performance in its global undertakings, specifically the SouthMED project in Egypt and Banan project in Saudi Arabia, Invest-Gate reports.

Monsha’at Introduces Real Estate Innovation Accelerator to Support Startups

The Small and Medium Enterprises General Authority in Saudi Arabia, “Monsha’at,” has unveiled the launch of the Real Estate Innovation Accelerator in collaboration with the Saudi Ministry of Municipalities and Housing, Invest-Gate reports.

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