Tourism and Antiquities Minister Khaled El Anany issued a decision on April 26 to revoke the license of a leading hotel in Sharm El-Sheikh after it laid off all workers due to the coronavirus pandemic
Saudi Arabia has partially lifted restrictions on April 26 across the country, while keeping 24-hour curfews in the city of Mecca and neighborhoods previously put in isolation
The credit profile of Egypt rating at B2 is supported by A3 economic strength according to Moody’s report, as reported by Ahram Online.
Egypt’s Suez Canal Zone Authority (SCA) and its Suez Canal Container Terminal (SCCT) unveiled an agreement on April 14, committing to USD 50 mn of investments
The International Monetary Fund (IMF) said that Egypt is among the major emerging and frontier market economies witnessing key vulnerabilities and a number of shocks, including growth challenges and oil price declines
Dubai's rental market provides room for tenant negotiations in addition to other incentives
Talaat Mostafa Group's (TMG), the Arab Company for Projects and Urban Development, succeeded in getting the approval of issuing Sukuk, or Islamic bonds, worth EGP 2 bn
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