Tuesday 28 April 2015
 
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Egypt

Canada signs $2bn hospitality deal with Egypt

Canada is looking to inject finance into Egypt’s economy with the recent signing of a $2 billion hospitality project deal with City Stars properties, the region's leading real estate developer, said a report. With considerable

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FRHI Hotels signs two new properties in Egypt

Leading hospitality group FRHI Hotels & Resorts continues to expand its portfolio with the recent signing of two new hotel projects in Egypt and the unveiling of a tri-brand hotel development in Sharm El Sheikh. The parent com

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Gamesa wins 220MW wind farm contract in Egypt

Spanish-based Gamesa, a global technological leader in the wind industry, has won a tender for turnkey construction of a 220-MW wind farm in Egypt. The project, which was awarded by the NREA (New & Renewable Energy Authority)

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Gamesa wins 220MW wind farm contract in Egypt

Spanish-based Gamesa, a global technological leader in the wind industry, has won a tender for turnkey construction of a 220-MW wind farm in Egypt. The project, which was awarded by the NREA (New & Renewable Energy Authority)

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Egypt receives $6bn from Saudi Arabia, UAE, Kuwait

Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor said, a sign the Gulf powers remain committed to propping up the Egyptian economy. "To

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Majid Al Futtaim to mark 2 decades of milestones

Majid Al Futtaim, a leading shopping mall and leisure pioneer across Mena, will celebrate this year two decades of landmark moments, starting with the 20th anniversary of City Centre Deira, its first shopping mall development in Dubai, UAE.

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Egyptian warships arrive in Bahrain for joint drill

Egyptian warships and fighter aircraft arrived in Bahrain yesterday (April 21), to take part in the joint military exercise 'Hamad 1'. The drill, which engages Egyptian armed forces, reflects historic relations between the

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Egypt's former president Mursi gets 20-years jail

Muslim Brotherhood leader Mohamed Mursi was sentenced to 20 years in prison without parole on Tuesday, nearly three years after he was declared Egypt's first freely elected president. Mursi stood in a cage in court as judge Ah

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Egypt's Heliopolis Housing profit up 25.5pc

Egypt's Heliopolis Company for Housing and Construction said on Monday its net profit rose by a quarter in the nine months to end-March. The net profit rose to E£153.7 million ($20.2 million) from July to March compared

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Egypt's Edita signs $12m deal with Hostess Brands

Egyptian foodmaker Edita signed two contacts worth $12 million with US-based Hostess Brands to buy the manufacturing rights of 11 new products and expand distribution, it said in a statement on Monday. Hostess, is one of the large

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