Tuesday 5 May 2015
 
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Cairo

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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Egypt sentences Brotherhood leader to death

An Egyptian court sentenced Mohamed Badie, leader of the outlawed Muslim Brotherhood, and 13 other senior members of the group to death for inciting chaos and violence, and gave a life term to a US-Egyptian citizen for ties to the Brotherhood.

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Cairo's residential property prices soar in Q1

The residential property market in Cairo, Egypt, posted solid growth in the first quarter amid a sharp rise in the apartment and villa sale prices compared to the previous year, said a report. The real estate market showed signs o

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Egypt's $300bn project: A new capital or a pipedream?

It is a project as ambitious as Egypt's ancient pyramids. Built from scratch to escape Cairo's choking pollution, a planned new capital will feature an airport larger than London's Heathrow, a building taller than Paris's Eiffel

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Egypt's $300bn project: A new capital or a pipedream?

It is a project as ambitious as Egypt's ancient pyramids. Built from scratch to escape Cairo's choking pollution, a planned new capital will feature an airport larger than London's Heathrow, a building taller than Paris's Eiffel

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UAE developer plans $80bn giant city in Cairo

Eagle Hills, an Abu Dhabi-based developer of international projects, plans to build a new city near Cairo, Egypt, with a large number of homes for low- and middle-income buyers, according to a report. The project will be privately

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Saudia to launch Tabuk-Cairo flight

Saudi Arabian Airlines (Saudia), the flag carrier of the kingdom, is expanding its international operations with the launch of a direct flight from the city of Tabuk to Cairo, Egypt on April 15. The airline will operate thrice-weekly fl

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