News / Investment

Dubai Property Deals Hit AED 162 bn in 9 Months: DLD

Dubai’s real estate market logged 39,802 transactions worth AED 162 bn during the period from January to September 2018, reflecting a continuous growth driven by optimism among investors and developers

French Investments in Egypt Amount to EUR 4.5 bn: Minister

Minister of Trade and Industry Amr Nassar has confirmed that French investments in Egypt are estimated at EUR 4.5 bn in 473 projects operating in various fields across the country

World Bank Aids Egypt’s Foreign Investments Soar by EGP 14 bn in Renewables

The World Bank Group President Jim Yong Kim has praised Egypt's success in investing in human capital, noting that it has aided the country in raising foreign investments by up to EGP 14 bn, from the private sector, in the field of new and renewable energy

Egypt, Greece, Cyprus Ink Deals for Collaboration in Various Fields

Egypt, Greece, and Cyprus signed on October 10 a number of agreements for the collaboration in the fields of industry, trade, and education

Emaar Launches First Beach Homes at Dubai Creek Harbour

Dubai-based developer Emaar has launched newest residential units -"Breeze"- at the Creek Beach district, a first-of-its-kind urban beach in the heart of Dubai Creek Harbour

Renewables Can Meet 53% of Egypt’s Electricity Needs by 2030: IRENA

Egypt has the potential to generate up to 53% of its electricity from renewable sources by 2030, and thus reduce its energy bill by USD 900 mn annually, based on the latest outlook from the International Renewable Energy Agency (IRENA)

Egypt Targets 25% Growth in Investment Rates by 2022: Minister

Planning Minister Hala El-Saeed said that Egypt targets a 25% growth in investment rates during its medium-term sustainable development plan over the next four years

Capital Group Properties to Raise Alburouj Contracts to EGP 6.5 bn

Capital Group Properties (CGP), owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, will sign two contracts worth EGP 1.5 bn before end of 2018 to develop Alburouj project in El Shorouk city, bringing the project’s total contracts to nearly EGP 6.5 bn

Radisson Hospitality Group to Invest in 10 New Hotels in Africa

Radisson Hospitality AB, a subsidiary of Radisson Hotel Group, will invest in ten new hotels across Africa, in an attempt to boost its expansion across the continent

Gov’t Allocates EGP 586.6 mn to New Qena in FY2018/19

Egyptian Prime Minister Mostafa Madbouly revealed that EGP 586.6 mn were allocated for the development of Upper Egypt’s New Qena in FY 2018/19

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