#Egypt
The 810,000 square metre project will have a dock length of 1,100 metres and a depth of 17 metres
The hotels, among Egypt’s grandest, include the Cataract in Aswan, the Winter Palace in Luxor, the Mena House in Cairo and the Cecil in Alexandria
The initial phase of the project will generate 3,000 tonnes of green hydrogen annually, with the subsequent phase harnessing 2.4 GW of wind energy to produce 500,000 tonnes of green ammonia
An over-valued currency, weak property rights and institutions, and an overbearing state and military have deterred investment and competition
Research conducted by GSMA Intelligence with Huawei revealed that 80 per cent of consumers surveyed across 16 countries now view climate change as the world’s top issue
Leisure travel demand to the region was hit after the Israel crisis broke out on October 7
The UAE dispatched five planes on November 8 with essential supplies required to set up and operate an Emirati field hospital to treat impacted Palestinians
The company reported a 12.7 per year-on-year increase in profit to Dhs205.6m, with the faster rate of growth relative to revenue
The country’s debt problems have come amid a bruising economic crisis that has triggered a string of currency devaluations and record inflation
Sphinx International Airport marks Air Arabia’s fourth destination in Egypt from Sharjah
Egypt has been able to reclaim some desert as it seeks to feed a growing population but still only cultivates about 4 per cent of its total land area
The government has been looking to tap less conventional sources of finance since a foreign borrowing spree caused its repayment schedule to balloon
It was the fourth consecutive month of record highs recorded on the central bank website
Banks in recent months have been tightening the amount of foreign currency clients can use in Egypt and on how much can they can charge to their credit cards while abroad
As the first licensee of consumer finance in Egypt, Contact has played a pivotal role in growing the non-bank credit sector
The meeting reviewed the UAE’s upcoming hosting of the COP28 and the need for advancing collective climate action
The two entities agreed to leverage AD Ports’ cargo handling and storage infrastructure to advance urea and ammonia storage and shipping capabilities
The transaction marks the financial technology firm’s third issuance this year, and the sixth concluded in partnership with EFG Hermes to date
The landmark securitisation programme makes EMRC the first refinance mortgage company to securitise portfolios for mortgage companies in the Egyptian market.
The partnership seeks to provide customers with a comprehensive range of innovative products and services tailored to modern digital payment preferences
Waldorf Astoria Cairo Heliopolis is located close to Cairo International airport
Under the new brand identity, Valu has refreshed its logo, application and overall visual identity to represent the company in a more modern and dynamic way
The group’s CEO explains how they are setting an example for the industry, contributing to UAE’s food security strategy
Al Dahra currently farms 28,000 hectares in Egypt that help sustain the country’s food security by producing staple crops
The group’s revenues in the six months to June 30 surged by 10.3 per cent year-on-year to Dhs2.2bn
The power plant is expected to provide the Egyptian economy with $6.5bn in savings in annual natural gas costs and create up to 120,000 job opportunities
The bank said access to InstaPay App will offer its customers a new level of convenience and flexibility in managing their finances
Financial services embedded into existing business models are no longer optional, but necessary
Yara Yassin, co-founder of Up-fuse, tells us how the slow fashion brand is wasting no opportunity to transform plastics bags, bottles and tyres into trendy fashion accessories
The new-build property is expected to open in early 2025