Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Infrastructure 
Two new hotels in the making with investments of USD 85 mn
The two Crowne Plaza hotels are set to open in 2028
Raya Contact Center’s board greenlights full acquisition of Gulf CX. PLUS: Oxy Egypt’s UAE expansion, new private freezone plans, Ras El Hekma marina greenlit
Raya CX acquired an 85% stake in the company in 2021
EGP float jumpstarts Cairo’s real estate market in Q1 2024
The EGP float has reignited investor confidence and provided developers with clarity on pricing
Beltone inks strategic partnership with the UAE’s Comera to develop payment, financing products. PLUS: Thames Freeport + Gorilla Technology, industry fund, Belmazad, Fawry
Comera Financial Holding runs a video call and messaging application called Comera
Telecom Egypt eyes USD 500 mn loan from Chinese lender. PLUS: Credit Agricole, Hyundai Rotem, UK Export Finance, ADES, Haier, Islamic Trade Finance Corporation, EgyptAir, Matouk Bassiouny
The company will reportedly pay for the loan in CNY given that a portion of its revenue stream originates from…
Gov’t mulls subsidized loan program for hospitality players to boost hotel room capacity
The initiative will offer investors subsidized loans at a 12% interest rate
THIS AFTERNOON: Tourism + finance ministries to launch subsidized financing initiatives for hospitality investors
Good afternoon, folks, and happy Sunday. It’s a relatively slow start to the week as far as the local news…
Italian energy giant Eni slows down Egypt operations. PLUS: More incoming LNG shipments, foreign funding for high-speed rail, Hassan Allam + Siemens land GCC railway project, new Nobu project
Eni had announced as recently as September its intention to invest USD 7.7 bn with its partners in Egypt over…
Something went wrong. Please refresh the page and/or try again.