Egypt
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Real Estate
NAIA Developments Partners with Accor to Launch Swissôtel Properties in Ras El Hekma
Egyptian-based real estate developers NAIA Developments has announced a significant partnership with Accor, a global hospitality service provider, to launch…
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Real Estate
Empire State Developments Eyes EGP 17bln Investment in Cairo’s Real Estate Sector
Empire State Developments (ESD) is evaluating significant real estate projects in east and west Cairo, with plans to invest EGP…
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Energy
Italy based Eni in plans to invest $7.7 Bln in Egypt’s energy sector
Egyptian President Abdel Fattah Al-Sisi met with Claudio Descalzi, chief executive of Italian oil and gas firm Eni, and other…
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Real Estate
Middle Eastern Investors to Bet $120 bn in Egypt’s Real Estate Market
Global real estate consultancy, Knight Frank MENA released the Africa Horizons 2023/24 Report, an analysis that highlights Africa’s remarkable post-pandemic…
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Banking
Arab Monetary Fund to Extend $615.8 Mn Loan Support for Banking Sector Reforms in Egypt
Arab Monetary Fund extends $615.8 million loan to support reforms in the financial and banking sector in Egypt. The sum…
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Banking
Egypt Central Bank makes major changes to cash withdrawal limits
The restriction on the maximum amount of cash deposits for both people and businesses at bank branches and automated teller…
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Energy
Egypt secures three-billion-dollar deals to expand renewable energy output
Egypt has announced two large commercial agreements to expand the country’s production of green ammonia. In Ain Sokhna, Egypt’s Suez…
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Energy
Shell completes sale of Desert assets in Egypt to Cheiron Petroleum and Cairn Energy
The subsidiaries of royal dutch shell PLC Shell Egypt N.V. and Shell Austria GmbH completes sale of Desert assets in…
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Business
Suez Canal blockage delays goods worth millions
The Suez Canal blockage has caused huge jam of vessels, holding up goods worth $400 million an hour approximately. Ever…
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Banking
Digital transformation in Egypt to help boost its banking system
Around 80% of Egypt’s 100 million population is still unbanked according to the World Bank. There is a long road…
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