Monday 26 January 2015
 
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Cairo

UAE firm keen to operate Shepheard Hotel

An Emirati company is looking to reopen and manage the iconic Shepheard Hotel in Cairo, Egypt, with investments of up to EGP500 million ($69.9 million). An official of the Ministry of Investment confirmed that the company had requested

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Cairo's residential market shows signs of recovery

The residential property market in Cairo, Egypt, showed signs of strengthening in the second quarter of 2014 due to the new projects that had been announced recently, said a report. The apartment and villa sale prices in the Egypt

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Al Jazeera shuts Egypt channel as Doha, Cairo mull ties

Qatari-owned Al Jazeera suspended broadcast of its Egypt-focused channel on Monday, citing a product restructuring, as Doha and Cairo seek to mend ties that deteriorated last year after the army toppled elected Islamist President Mohamed Mursi.

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Al-Futtaim to invest $700m in Egypt after dispute settled

Dubai-based conglomerate Al-Futtaim Group said on Tuesday it would invest $700 million in Egypt over three years and pay the government $30.5 million as part of a settlement reached last week over a long-standing land sale dispute.

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Al-Futtaim to invest $700m in Egypt after dispute settled

Dubai-based conglomerate Al-Futtaim Group said on Tuesday it would invest $700 million in Egypt over three years and pay the government $30.5 million as part of a settlement reached last week over a long-standing land sale dispute.

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18 killed in Cairo building collapse

An eight-floor residential building collapsed overnight in Cairo, killing at least 18 people and injuring seven others, security sources said on Tuesday, adding that the casualty figure was expected to rise. Emergency services, so

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Cairo hotels top region with 95pc occupancy

Cairo hotels reported an increase of 95.4 per cent in occupancy to 55.3 per cent during October, marking the largest year-over-year growth in the Middle East and Africa region, a report said. The region reported a 7.2 per cent inc

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Egypt hopes to attract $12bn at investment summit

Egypt hopes to attract investment of $10-$12 billion in 20 projects, including in energy, transport and water, at a major conference in mid-March, the minister for international cooperation said on Saturday. The conference is seen

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Cairo September occupancy jumps 107pc, tops MEA

Hotels in Cairo reported the largest occupancy increase during September in the Middle East and Africa region with year-on-year growth recording a significant 107.5 per cent, while occupancy levels reached 51.8 per cent, a report said.

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Cairo real estate sees return of active demand

The third quarter of the year saw increased confidence in Cairo’s real estate market against an improving economic backdrop, and demand remained relatively active across all segments, a report said. Developers are moving for

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