UAE’s Al-Futtaim Group invests up to $1bln in Egypt
UAE's Al-Futtaim Group announced on Sunday that it plans to inject new investments of $1 billion into the Egyptian…
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Al-Futtaim Group
UAE’s Al-Futtaim plans to inject $1bn in Egypt
UAE’s Al-Futtaim Group plans to invest over of $1 billion in Egypt by the next three years, the North African…
IKEA opens its second branch in Egypt
IKEA, the world's biggest furniture retailer, opened on Wednesday its second branch in Egypt in in collaboration…
UAE’s Al-Futtaim Group mulls investing in Egypt’s new administrative capital
Dubai-based Al-Futtaim Group is considering expansion in Egypt’s new administrative capital, Timothy Earnest, group…
Al Futtaim to invest EGP 2 billion in Egypt’s Cairo Festival City Mall expansions
Al-Futtaim Group Real Estate, the real estate development and operations arm of UAE's Al-Futtaim, is planning to…
Abu Dhabi Commercial Bank divests stake in Orient Takaful Egypt
Abu Dhabi Commercial Bank (ADCB), UAE's third-biggest lender, said on Thursday it had divested its 20 percent stake…
UAE’s Orient Insurance gets regulatory approval to open Saudi branches
UAE’s Orient Insurance, part of Al Futtaim Group, said on Monday it obtained an approval from the Saudi Arabian…
A.M. Best assigns ‘A+’ rating to Orient Takaful Insurance – Egypt
Specialist insurance ratings agency A.M. Best has assigned the long-term issuer credit rating of A+ to Orient…
UAE Al-Futtaim says to sign new contracts for Egypt flagships in 2017
Dubai-based conglomerate Al-Futtaim Group says it plans to sign within next year several contracts worth 3 billion…
UAE Al-Futtaim to develop two hotels in Cairo Festival City
Dubai-based conglomerate Al-Futtaim Group will start designing two hotels in its flagship Cairo Festival City. The…
Orient Takaful wins UNB-Egypt’s $63.8 million insurance policy bid
Egypt’s Orient Takaful Insurance Company has renewed an insurance coverage agreement with the Union National…
Al-Futtaim Group attends Egypt’s Summit with High-profile Delegation
Dubai-based conglomerate Al-Futtaim Group will participate in Egypt's Economic Summit with high-profile delegation…
Cairo Festival City’s Phase II to cost EGP3bn, Licences after Two Weeks
UAE leading developer Al-Futtaim Group will receive a government licence to start the second phase of Cairo…
Al-Futtaim to invest $700mn in Egypt after Dispute Settled
Dubai-based conglomerate Al-Futtaim Group said on Tuesday it would invest $700 million in Egypt over three years…
Egypt Says It Resolves Land Dispute with Dubai’s Al-Futtaim
Egypt said on Wednesday it had resolved a long-standing dispute over a land sale with Dubai-based conglomerate Al…
Dubai’s Futtaim, CIB Egypt to Ink EGP532 Million Loan Deal Today
Dubai developer Al Futtaim Group will sign today a loan agreement worth EGP 532 million with Commercial…
Egypt, UAE Al-Futtaim to Ink $2.2bn Deal to Develop Commercial Centres
Egypt’s Investment Minister Osama Saleh is scheduled to meet with UAE-based Al Futtaim Group Tuesday to sign an…
Supplementary Agreement on Al-Futtaim’s EGP2bn Loan to Be Signed Next Jan.
In a new recent development regarding EGP 2 billion loan for Al-Futtaim Commercial & Administrative Centers SAE…
Gulf States, Minus Qatar, Rally Egypt Investment to Buoy Army Power
With one notable exception, wealthy Gulf Arab states are encouraging investment in Egypt to help shore up its…
5 Banks to Meet Today to Discuss AFGRE’s Cairo Festival City Loan
In a new recent development regarding Al-Futtaim Group Real Estate (AFGRE)'s EGP 2 billion loan – the 5 loan…
EFG-Hermes Targets Gulf Banking Deals As Egypt Falters
EFG-Hermes Holding SAE (HRHO.CA), the Egyptian investment bank whose merger with Qatar’s QInvest LLC collapsed in…
Al-Futtaim, Emaar Start Studies On ‘Cairo Gate’ Project
The UAE-based international real estate firm, Al-Futtaim Group has started the preparations for conducting initial…
Al Futtaim Asks HSBC, CIB To Arrange EGP 2 Bln Loan
Al Futtaim Group has asked HSBC Bank Egypt and Commercial International Bank (CIB) to take faster steps to arrange…
Al-Futtaim Eyes Cairo Festival City Phase II Completion This Year
Al-Futtaim Group eyes the implementation of Phase II of its project in New Cairo, Cairo Festival City within the…
Al-Futtaim To Complete Cairo Festival City’s Mall Next June
Al-Futtaim Group plans to complete the establishment of the mall in its new project ‘Cairo Festival City’ next June…
Cairo Festival City’s Administrative Buildings Phase II To Launch In Nov.
Al-Futtaim Group, owner of Cairo Festival City project, will start establishing the second phase of the…
Emaar Injects EGP 5 bln New Investments
Emaar has affirmed that it has EGP 5 billion new investments in Egypt; elaborating that it is committed to boosting…
Al-Futtaim Paid EGP 40 Mln Loan Fees
Al-Futtaim Group, owner of Cairo Festival City project, paid administrative fees of about EGP 40 million during the…
Al-Futtaim, Emaar Plan $820 Mln Egypt Investment
Al-Futtaim Group and Emaar Properties, two real estate developers from the United Arab Emirates, plan a 5 billion…
Al-Futtaim Group Launches Automotive Academy
Dubai-based Al-Futtaim Group today announced the launch of a first-of-its kind institution that will provide UAE…
Arab Orient Insurance Renews Policy Covering UNB With EGP 300 Mln
The Arab Orient Takaful Insurance Company (AOTIC) renewed the insurance policy covering the Union National Bank…
Al-Futtaim Real Estate Injects EGP 3.7 Bln To Cairo Festival City
Al-Futtaim Group Real Estate injected EGP 3.7 billion to the Cairo Festival City project in New Cairo City for the…
Banque Du Caire Conditions Loan To Al-Futtaim On Dispute Settlement
Banque Du Caire has given an initial approval to contribute with EGP 350 million to the loan destined to be offered…
Toys R Us Opens Abu Dhabi’s Biggest Toy Store In Dalma Mall
Toys "R" Us, the world's favourite toy and baby products retailer, announced the opening of its second store in Abu…
Misr Iran Targets 25% Increase in Loans in 2012
Misr Iran Bank targets achieving an increase in loans portfolio ranging from 20% to 25% and an increase in deposits…
Banque Misr Keeps EGP 700m From Futtaim’s Loan
Banque Misr is currently studying to keep a share, ranging from 600 to 700 million, of the loan arranged with…
Al-Futtaim borrows EGP 2 billion from 5 banks next April
Al-Futtaim Group will borrow EGP 2 billion from 5 banks, the most important of which is the loan-arranger HSBC,…