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Qatar Islamic Bank, Kuwait Finance House wrap up due diligence on United Bank
The sale could reportedly reel in the USD equivalent of EGP 22 bn
Gov’t to launch international tender to manage Egypt’s airports
The ministry wants to increase traffic at the Hurghada and Sharm El Sheikh airports to 10 mn passengers this year
EdVentures founder Dalia Ibrahim on what we can expect from the local edtech sector this year
There is huge potential in Egypt as the cost of doing business here is comparatively reasonable, Ibrahim tells us
MPs give nod to quadrupling the price tag of passports. PLUS: Saudi Egyptian Industrial Investment to invest USD 5 mn in new pharma production line
The amendments will raise the issuance fee of passports to EGP 1k from EGP 250
OECD lays out policy recommendations after forecasting growth dipping to 3.2% in FY 2023-24
OECD says confidence in public finances must be restored to lure back foreign capital
The Ras El Hekma sale was top of the agenda on last night’s talk shows
The agreement is “unlike any other,” Naguib Sawiris said during a phone call with Hadrat el Mowaten’s Sayed Ali
ECHEM, ANRPC mulling USD 380 mn sustainable jet fuel project with unnamed private sector company
Work on the project will kick off in late 2026
ADQ acquires development rights to Ras El Hekma for USD 24 bn, will invest a further USD 11 bn in “real estate and other prime projects”
Ras El Hekma will be transformed into a “next-generation city,” housing tourism, urban, commercial, and recreational spaces
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