MedEx Healthcare Management Co announces its launch with innovative ideas and a value of EGP10 mn to provide healthcare services in the Egyptian market, Invest-Gate reports

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.

Egypt’s long-term external debt increased in 2019 to USD 90.6 bn- up from the USD 80.6 bn recorded in 2018 - with USD90.3 bn of this debt acquired by the public sector, according to the World Bank’s international dept statistics report 2021, Ahram Online reports.

UAE-based business conglomerate Al Habtoor Group (AHG) is putting the finishing touches on its newest office in Cairo, which is set for inauguration by year-end.

New data released by Informa Markets, organizer of Cityscape’s Real Estate Summit, has revealed that nearly 73% expect Dubai to see the most growth in the hospitality sector over the next two years, as the UAE opens its doors to tourism, with Abu Dhabi, Turkey, Saudi Arabia, and Egypt in tow.

Egypt has managed to create a very healthy startup scene to lead Africa’s investment charts in 2019, while also maintaining a good position during the current year, therefore ranking second in the Middle East with USD 130 mn (EGP 2.05 bn) worth of investments.

Finance Minister Mohamed Maait has confirmed that the country's eligible green projects amount to USD 1.9 bn (EGP 29.91 bn), which reflects the state's efforts to achieve the goals of its sustainable development strategy, or Egypt Vision 2030.

The Banker, a sister publication of the Financial Times, granted the New Urban Communities Authority's (NUCA) EGP 4 bn bond issuance the “Deal of the Year 2020 - Africa” award.

GCC corporate earnings will be negatively impacted in the first half (1H) of the year as businesses and the economy have been severely hit by the COVID-19 pandemic, Reuters reports.

Dubai registered a total of 10,243 real estate transactions in the first quarter of 2020