UAE Banks Invest AED 47.2 bn in Egypt in Q3 2018

The investment of UAE’s banks in Egypt reached AED 47.2 bn at the end of Q3 2018, logging a higher amount than those pumped into Saudi Arabia - which are estimated at AED 40 bn.

Nile Property Expo to Kick Off on January 24 in Abu Dhabi

Nile Property Expo will be held for the second consecutive year, under the slogan “Misr Betaarablek” - or Egypt is Getting Closer - at Abu Dhabi National Exhibitions Company (ADNEC) from January 24 to 26

Middle East’s First EDITION Hotel Debuts in Abu Dhabi

Marriott International, together with American hotelier and real estate developer Ian Schrager, has announced bringing the Middle East’s first EDITION hotel to Bloom Holding's Bloom Marina mixed-use development in ...

Emaar Kicks Off Business Development Operations in China

Dubai-based property developer Emaar announced on December 11 the launch of its business development operations in China during the Chinese President Xi Jinping's visit to the UAE.

Sky Bridge to Launch 2nd Phase of Jebal El Sokhna Resort

Egypt-based Sky Bridge Development announced that it will launch the second phase of its flagship Jebal El Sokhna Resort in the Red Sea port of Ain Sokhna, on the sidelines of TREEX real estate exhibition in Sharj ...

Mina By Azizi Project Nears Completion

UAE-based real estate developer, Azizi Developments, reveals that its -AED 780 mn- Mina project by Azizi, situated on Palm Jumeirah, is scheduled for completion by the third quarter of 2018.

UAE Announces Foreign Ownership, Visa Reforms to Lure Investors

The UAE cabinet revealed on Sunday, May 20, plans to allow 100% ownership and visa incentives to foreigners by year-end, in a bid to attract investors to boost its slowing national economy

Arabtec to Build Two New Phases in Uptown Cairo

UAE-based construction company Arabtec Holding has secured a deal with the Egyptian arm of Dubai-based Emaar properties, Emaar Misr, to carry out two projects for them

Emaar Properties Distributes USD 272 mn Dividend

Emaar Properties, has approved the distribution of USD 272 mn as dividend to its shareholders, representing 14% of the share capital at the company’s 22nd Annual General Meeting (AGM) in Dubai, UAE

UPP Capital Investment Acquires 5.55% Stake in Egypt’s Palm Hills Development

UAE-based UPP Capital Investment, the investment arm of Union Properties, has acquired 5.55% stake of the total shares of Egypt’s Palm Hills Development (PHD), at a total cost of EGP 525.3 mn, averagely EGP 4.1 pe ...

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