Monday 6 July 2015
 
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Cairo

Palm Hills in deal to build housing complex in Cairo

Palm Hills Development (PHD) has entered into a agreement with Madinet Nasr Housing & Development (MNHD) to develop a residential community in East Cairo over 433,643 sq m of land, a report said. The estimated revenue of the p

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BA plans terminal move for Cairo flights

British Airways (BA), the flag carrier airline of the UK, has announced that all flights to and from Cairo, Egypt, will be moving to the more spacious, modern and advanced design of London Heathrow’s Terminal 5, beginning June 30.

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Egypt signs $4.6bn construction deal with Arabia Group

Egypt's housing ministry signed a construction deal worth about 35 billion Egyptian pounds ($4.6 billion) with Egyptian real estate developer Arabia Group, a statement from the Cabinet said on Tuesday. Initial

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Sky News Arabia to showcase digital expertise

Abu-Dhabi-based Sky News Arabia will showcase its digital competencies at the inaugural edition of North African Media Summit to be held next week (June 9 to 10) in Cairo, Egypt. As media partners, the channel plans to hold a seri

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Four Seasons Cairo receives top accolade

Four Seasons Hotel Cairo at The First Residence in Egypt has been recognised as a TripAdvisor Certificate of Excellence Hall of Fame winner. The recognition celebrates excellence in hospitality and is given only to establishments

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Three new hotels planned for Sharm El-Sheikh

Cairo-based travel agency chain The Blue Sky Group plans to develop three new hotels in Sharm El-Sheikh, Egypt. The move follows the group’s initiative to attract more tourists to the country, which saw a slump in tourism ra

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Flynas launches daily Riyadh - Cairo flights

Flynas, a Saudi Arabian national carrier, launched daily flights from Riyadh to Cairo last week, with the inaugural flight on the new route taking off from Riyadh’s King Khalid International Airport. The announcement of the

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Palm Hills nets solid Q1 profit growth

Egyptian developer Palm Hills has reported a first quarter net profit after minority interests of E£215 million ($28.2 million), up from E£50 million ($6.5 million) in the same period last year, Egypt's second-biggest listed prop

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Cairo Amman Bank wins licence to open branch in Bahrain

The Central Bank of Bahrain (CBB) has granted a licence to Cairo Amman Bank, to open a branch in Bahrain. The licence allows the bank to expand its activities as a wholesale bank from the kingdom, said a report in the Gulf Dai

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Palm Hills to develop Cairo residential project

Egypt-based Palm Hills has signed an agreement with real estate developer Madinet Nasr for Housing and Development (MNHD) to establish an integrated residential project on the Cairo-Suez desert road, said a report. As per the agre

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