HOSPITALITY-

Hilton to manage two new hotels in Cairo: Real estate developer CityEdgeyesterday signed a partnership contract on behalf of the Housing Ministry with Hilton that will see the global hotel operator manage two new hotels in Cairo’s Maspero and Magra El Oyoun, according to a cabinet statement. The hotels, which will be built in areas that were previously registered as unsafe, are part of the government’s efforts to redevelop areas of the capital.

More on the hotels: The DoubleTree hotel, which will be located in the Maspero Triangle Towers, will house 260 rooms and is scheduled to open in June 2028. Meanwhile, Hilton Magra El Oyoun will open at the end of 2026 with 218 rooms alongside a number of amenities, including halls, restaurants, a gym, spa, and swimming pool.

ICYMI- Hilton plans to nearly double the portfolio of properties it operates in Egypt over the next 3-5 years to reach 27 from a current 14, JJ Sleiffer, company president for the Middle East, Africa and Turkey, told Enterprise in March.

FINTECH-

Fintech platform BKN301 enters Egypt: San Marino-headquartered fintech startup BKN301 has entered the local market, launching its first office in Cairo, it said in a press release. BKN301 allows B2B clients to integrate fintech solutions into their operations and offers a variety of payment solutions.

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