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Business
El Shams Housing to develop commercial project in 6th Oct. City by 2020
Egypt’s state-run El Shams for Housing and Development plans to start the construction works of a commercial…
Kuwaiti EMAC eyes $30mn turnovers from Egypt new capital year-end
EMAC Contracting, an affiliate to Kuwaiti Al Kharafi and Sons Group, is targeting business volume up to 500 million…
Dubai’s apartment, villa sales prices drop in Q2
Dubai’s tenants and end-users are continuing to benefit from reduced apartment and villa sales prices, as well as a…
Pyramids Developments launches Paris Mall flagship in Egypt’s new capital
Egypt-based Pyramids Developments has launched its flagship Paris Mall in the country's New Administrative Capital,…
Japaneses Yokohama, Chiba banks team up to counter low interest rate environment
Bank of Yokohama Ltd and Chiba Bank Ltd on Wednesday said they have agreed to establish a business partnership, as…
UAE signs deal to execute $900mn desalination plant
The United Arab Emirates (UAE) has signed a deal with a consortium of companies over the construction of a $900…
World Bank’s IFC invests $20mn in Egypt’s food provider Edita
The World Bank's International Finance Corporation (IFC) said on Tuesday it has secured a financial package worth…
Investments in Egypt new capital hit $15 billion – official
Investments in Egypt’s new administrative capital have neared 250 billion Egyptian pounds or $15 billion, head of…
Egypt’s Amer Group names ex-transport minister Hisham Arafat new CEO
Egypt’s property developer Amer Group announced on Monday it had named former transport minister Hisham Arafat as…
Afreximbank earmarks $1 billion to support Africa historic free trade deal
The African Export-Import Bank (Afreximbank) said on Monday it will institute a $1 billion adjustment facility to…