Egypt’s GDP Up to 5.3% in Q1 2018: Minister

Egypt’s Planning Minister Hala El-Saeed said that the country’s GDP jumped to 5.3% in Q1 2018, which began in July, compared to 5.2% in the prior-year period, amid the government's invested efforts to achieve comp ...

Dubai is Set to Become “Global Yachting Capital”

Dubai-based conglomerate Meraas, in partnership with global investment company Dubai Holding, signed an agreement with D-Marin, operator of the largest chain of marinas in the Eastern Mediterranean, to establish D ...

New Administrative Capital to Soon Embrace 1st German University

A high-level German delegation is looking forward to establishing the first international German university in the new capital, head of the New Administrative Capital Authority said on November 13

Gov’t Unveils Requirements for Granting Residency to Foreign Homebuyers

Deputy Minister of Housing for National Projects Khaled Abbas unveiled on November 4 the necessary requirements for foreigners who will be granted the Egyptian residency in return for purchasing a real estate prop ...

Thumbay Group Eyes Establishing Gulf Medical University in Egypt

UAE-based Thumbay Group seeks to inject investments worth AED 1 bn (roughly EGP 5 bn) via the establishment of a branch of the Gulf Medical University in Egypt

Dubai’s Nakheel Showcases EUR 14 bn Property Projects in Munich

Dubai-based developer Nakheel is the only Dubai developer to showcase an array of real estate projects, collectively worth EUR 14 bn, for the second consecutive year at the Expo Real 2018 real estate fair held in ...

EIB to Invest EUR 32 mn in Kafr El-Sheikh’s Infrastructure Sector

Egypt signed two grants worth EUR 32 mn with the European Investment Bank (EIB) on September 13 for infrastructure projects in the Nile Delta governorate of Kafr El-Sheikh

“Africa 2018” to be Held in December

The economic forum "Africa Conference 2018" will be held from December 7 to 9 in the Red Sea resort of Sharm El Sheikh for the second time, one month before Egypt chairs the African Union

Majid Al Futtaim to Develop Large Indoor Ski Park in China

UAE-based retail giant Majid Al Futtaim will be providing design and development consultancy services to construct the world’s largest indoor snow and ski resort in China

A Plan in Progress for New Hurghada: Governor

Governor of Red Sea Governorate Ahmed Abdullah met representatives of leading Spanish companies on Tuesday, September 4, to discuss the available investment opportunities for establishing mega projects in the city ...

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