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Prime Group to establish first international outlet mall in Egypt
Prime Group’s real estate development arm has signed a contract to develop Egypt’s first international outlet mall, company chairman Tamer…
Marakez signs EGP 395 mn loan with Emirates NBD Egypt for new Ikea store
Fawaz AlHokair Group’s Marakez has signed a EGP 395 mn long-term loan agreement with Emirates NBD Egypt to finance a…
Spain’s Glovo eyes 50% share of Egypt’s online delivery market
Glovo wants half of Egypt’s delivery market: Delivery app Glovo plans to more than double its share of Egypt’s online…
El Sisi ratifies retail stores bill
LEGISLATION WATCH- El Sisi ratifies retail stores bill: President Abdel Fattah El Sisi ratified the retail stores bill on Thursday,…
Egyptian e-commerce startup MaxAB raises USD 6.2 mn in seed investment
STARTUP WATCH- Cairo-based e-commerce startup MaxAB has raised USD 6.2 mn in one of the MENA region’s largest-ever seed rounds,…
Pyramids Developments launch Paris East Mall in NAC
Pyramids Developments has launched the EGP 2 bn Paris East Mall in the new administrative capital, according to Zawya. Pyramids…
Ikea opens new store in Mall of Arabia
Swedish furniture and home accessories retailer Ikea opened a new store west of Cairo in the Mall of Arabia to…
Majid Al Futtaim plans expansion in Egypt
INVESTMENT WATCH- Majid Al Futtaim plans expansions in Egypt: UAE-based real estate developer and retail giant Majid Al Futtaim (MAF)…
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