Emaar Properties opens new Address Beach Resort Marassi
Emaar Misr, the Egyptian arm of Dubai-based real estate development company Emaar Properties, has inaugurated the new “Address Beach Resort Marassi”, in Marassi located in Egypt’s North Coast. The new […]
ADIB Egypt reports 125.4% YoY climb in Q1 consolidated profits
Abu Dhabi Islamic Bank Egypt (ADIB) reported a 125.4% year-on-year (YoY) increase in consolidated profits after tax and non-controlling interests for the first quarter (Q1) of 2023, according to the […]
UAE’s Khazna to enter Egyptian market with Benya through $250mln investment
Khazna Data Centers, headquartered in the UAE, unveiled its plan to enter the Egyptian market with Benya Group through an investment worth $250 million to build a state-of-the-art data centre […]
Benya Group, UAE’s Khazna to build $250mln hyperscale data center in Egypt
The digital solutions provider Benya Group has signed a memorandum of understanding (MoU) with the UAE-based wholesale data center provider Khazna Data Centers to build a 25-megawatt (MW) hyperscale data […]
Presidents of UAE, Egypt review bilateral relations, regional developments
CAIRO: President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah El Sisi held discussions today aimed at further strengthening bilateral ties between the two nations. […]
AD Ports to develop and operate Safaga Port in Egypt
AD Ports Group, the leading facilitator of global trade, logistics, and industry, today announced the signing of a concession agreement to develop and operate a multi-purpose port in Safaga in […]
Egypt mulls cooperation with AD Ports to develop logistics areas, ports
Abu Dhabi Ports Group (AD Ports Group) is looking forward to boosting cooperation with Egypt, particularly in the development of logistics areas and ports, according to a statement by the […]
Fawry, BOTIM cooperate to enable international money transfers for Egyptian expats in UAE
The leading Egypt-based e-payment company Fawry has signed a memorandum of understanding (MoU) with the Emirati calling app BOTIM to offer residents in the UAE and Gulf Cooperation Council (GCC) […]
UAE’s ADIB buys additional stake of 2.4% in Egyptian unit
UAE-based Abu Dhabi Islamic Bank has purchased an additional stake of 2.4% in Abu Dhabi Islamic Bank Egypt (ADIB) for EGP 155.328 million, equivalent to an average price of EGP 16.18 per […]
Abu Dhabi’s National Marine Dredging wins $272mln contract in Egypt
Abu Dhabi-based contractor National Marine Dredging Co. (NMDC) has won a contract worth AED 1 billion ($272 million) for dredging works in Egypt’s Suez Canal. The project is expected to […]
