Etisalat's Egyptian telecom subsidiary Etisalat Misr has signed a $120 million three-year loan with HSBC and National Bank of Abu Dhabi, the parent firm said on Monday.
The two banks will each provide $60 million, Abu Dhabi-li
Nasdaq Dubai has agreed with Egypt's securities clearing house to promote cross-listings of Egyptian firms' shares in Dubai, a sign of growing investment links between the two economies.
The deal between Nasdaq Dubai, the
United Arab Emirates telecommunications operator Etisalat said on Wednesday that its Egyptian business was considering a listing on the Egyptian stock exchange, but no decision had been taken yet.
Local media reports had said earl
Etisalat Group has appointed Saleh Al Abdooli as chief executive officer for Etisalat UAE and Saeed Al Hamli as chief executive officer for Egypt's Etisalat Misr, one of the largest subsidiaries of Etisalat Group, effective April 2012.
Misr International Films has signed a deal with the giant screen exhibitor to install a digital Imax theater in the City Stars Katamia 18-screen multiplex in east Cairo.
Misr International Films is run by Egyptian filmmaker Youssef Chahine
Etisalat Misr, the Egyptian arm of UAE telco Etisalat on Wednesday signed a 7.2 billion Egyptian pounds ($1.24 billion) financing deal, partly to fund local expansion.
The agreement was signed with a consortium of local and regional
The Egyptian Nitrogen Products Company (ENPC), a joint venture of Canadian fertilizer producer Agrium, has secured more than $1 billion to triple production at a nitrogen facility in Damietta.
The $1.05 billion, the largest financing under
Dubai-based Emaar Properties, a major real estate company, has said it was committed to completing all projects it has previously announced in Egypt.
An Egyptian newspaper had reported Emaar was freezing two projects in the north African c
Emaar Misr for Development SAE, the wholly-owned subsidiary of Emaar Properties, hosted a delegation of Urban Land Institute (ULI), the California-based global real estate forum that represents the entire spectrum of land use and real estate devel
Emaar Misr for Development SAE, the wholly owned Egyptian subsidiary of Emaar Properties, is holding a special sale today of its residences within Marassi and Uptown Cairo in the UAE.
The two premier developments have already opened to str