Majid Al Futtaim says Egypt investments top $2.8 bln after MIDAR deal
UAE-based Majid Al Futtaim said on Sunday its investments in Egypt had exceeded $2.8 billion, as it signed an…
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Majid Al Futtaim
Egypt’s MIDAR, UAE’s Majid Al Futtaim sign $3.1 bln New Cairo development deal
Egypt’s MIDAR and UAE-based Majid Al Futtaim signed an agreement on Sunday to develop a mixed-use urban project in…
Carrefour exits Arab markets from Jordan to Kuwait, as Majid Al Futtaim bets on HyperMax
The Middle East retail landscape has undergone one of its most significant shifts in recent years, following Majid…
Norway’s Empower to launch industrial solar project in Egypt
Egyptian President Abdel Fattah El-Sisi witnessed the signing of a contract between Norway's Empower and Majid Al…
Egypt streamlines processes to offer attractive investment climate
The Ministry of Investment and Foreign Trade is enhancing Egypt’s investment climate by streamlining processes and…
Bank ABC signs agreement to finance Majid Al Futtaim’s solar power projects
Bahrain’s Arab Banking Corporation (Bank ABC) signed a financing agreement with Yellow Door Energy to finance Majid…
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…
Majid Al Futtaim Retail to invest over EGP 750 million in Egypt by 2025
Majid Al Futtaim Retail is planning to invest more than 750 million Egyptian pounds ($39.1 million) in Egypt by…
ITIDA, Majid Al Futtaim to establish tech outsourcing services centre in Egypt
The Information Technology Industry Development Agency (ITIDA), part of the Egyptian Ministry of Communications,…
Egypt is a ‘very resilient’ market for Majid Al Futtaim – official
Egypt has proved to be a “very resilient” market for Majid Al Futtaim, which has seen its fastest recovery from…
MAF’s Carrefour is setting up shop in 14 Omar Effendi’s branches
Majid Al Futtaim-owned supermarket chain Carrefour is setting up shop in 14 Omar Effendi’s branches after MAF…
Majid Al Futtaim to establish 5 new Carrefour branches post coronavirus
Dubai-based mall operator Majid Al Futtaim is looking to open 5 new Carrefour branches after coronavirus crisis,…
Dubai’s Majid Al Futtaim to invest in Saudi, Egyptian, other emerging markets – CEO
Dubai-based Dubai’s Majid Al Futtaim is planning to invest in Saudi, Egyptian, Uzbekistani, and Ugandan markets,…
Majid Al Futtaim Retail invests EGP1.2bln in Egypt over two years
Majid Al Futtaim, the shopping mall, communities, retail, and leisure group across the Middle East, Africa, and…
UAE’s Majid Al Futtaim to raise $600 million by selling green sukuk
UAE-based developer and shopping mall operator Majid Al Futtaim is set to raise $600 million by selling “green”…
Majid Al Futtaim’s Egypt unit secures EBRD $200 mln loan
The Egyptian unit of UAE-based Majid Al Futtaim Holding (MAF) has secured a 200 million Egyptian pounds ($12…
Majid Al Futtaim: Carrefour to be opened in Nasr City at year-end
Dubai-based mall operator Majid Al Futtaim is looking to open a new commercial mall; Carrefour in Nasr City, east…
Majid Al Futtaim’s 25th mall to be open in Abu Dhabi
Dubai-based Majid Al Futtaim will inaugurate My City Centre Masdar Mall, its first ever lifestyle destination in…
Dubai’s Majid Al Futtaim to expand Carrefour in Egypt’s new cities
Dubai’s Majid Al Futtaim, which operates the franchise of French retailer Carrefour in the Middle East, signed on…
Majid Al Futtaim to open 100 Carrefour stores in Egypt
Ministry of Investment and International Cooperation and the National Service Project of the Armed Forces signed a…
UAE’s Majid Al Futtaim eyes Middle East investments of 5.7 bln pounds by 2020
Dubai-based mall operator Majid Al Futtaim seeks to inject investments of 5.7 billion to increase the number…
Amazon acquires Middle Eastern online retailer Souq.com
US-based incorporated online shopping major Amazon, after initial hesitation and resistance, has finally…
Dubai’s Majid Al Futtaim sees Mall of Egypt cost recovery in 9 years
Dubai-based mall operator Majid Al Futtaim’s chief executive Alain Bejjani says he expects cost recovery for its…
Dubai’s Majid Al Futtaim confirms opening Mall of Egypt project in March
Dubai-based mall operator Majid Al Futtaim confirmed Wednesday that it is planning to inaugurate its Mall of Egypt…
Dubai’s Majid Al Futtaim: Mall of Egypt project to open in March 2017
Dubai-based mall operator Majid Al Futtaim announced on Monday that it is moving ahead with the final phases of its…
Egypt’s Social Solidarity Ministry, UAE’s Majid Al Futtaim sign cooperation protocol
Egypt’s Minister of Social Solidarity Ghada Wali and Dubai-based shopping mall, retail, and leisure company Majid…
7 banks, Dubai developer Majid Al Futtaim sign $281.6mn syndicated loan
A consortium of banks including seven banks inked a 2.5 billion Egyptian pounds ($281.6 million) syndicated loan…
UAE retailer Majid Al Futtaim inks $281.6mn loan for Egypt project
A banking consortium has signed Wednesday a 2.5 billion Egyptian pounds ($281.6 million) loan for Dubai-based…
Majid Al-Futtaim plans new investments, launches new City Centre in Egypt
Leading retail UAE-based firm Majid Al-Futtaim (MAF) is investing 23 billion Egyptian pounds (US$3 billion) in…
Egypt’s Banks await Majid Al Futtaim’s Decision on Funding Alliance
Egyptian banks are awaiting Majid Al Futtaim Properties to decide on the offers it received from two alliances of…
Barclays Egypt pumps $157mln in Corporate Investments in 5 Months
Barclays Egypt has pumped more than EGP1.2 billion (US$ 157.2 million) for corporate within the first five months…
Dubai’s Majid Al-Futtaim to build Investment Zone in Maadi
UAE leading retail developer Majid Al Futtaim is to get a licence to establish an investment zone in Egypt,…
Dubai’s Majid Al Futtaim rules out IPO, but plans Egypt, Saudi Expansion
Dubai-based conglomerate Majid Al Futtaim is not planning on listing in the market anytime soon, the CEO Alain…
Majid Al Futtaim Unveiled as Platinum Sponsor for Egypt Economic Summit
UAE leading retailer in Middle East, Majid Al Futtaim announced as the platinum sponsor for Egypt’s soon-to-come…
City Centre Alexandria completes EGP70 million Expansion Plan
Continuing to further transform the retail landscape in Alexandria and the surrounding area, City Centre Alexandria…
Egypt’s Biggest Lender Mulls Financing Majid Futtaim’s Upcoming Expansions
Egypt’s biggest state-owned lender, the National Bank of Egypt (NBE) is studying funding UAE Majid Al-Futtaim’s…
Dubai Retail Giant Majid Al-Futtaim Eyes a new Financing from NBE
UAE leading retail developer Majid Al-Futtaim (MAF) is seeking a new financing from Egypt’s largest state-owned…
Palm Hills Rebuts news about Settlement with Majid Al-Futtaim
Egypt-based Property developer Palm Hills Development (PHD) (PHDC.CA) negated in a statement to the Egyptian…
Banque Misr, NBE Arrange US$471mln Finance for Container Terminal in Port Said
National Bank of Egypt (NBE) and Banque Misr have arranged Co-Finance in favor of the port of East Port Said worth…
Majid Al Futtaim Disburses 1st Tranche of US$500mn Egypt Loan
Dubai-based developer Majid al Futtaim (MAF) announced on Thursday the disbursal of EGP170 million, worth of the…