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Egypt signs USD 500 mn agreement with India’s LuLu Hypermarket
INVESTMENT WATCH- Egypt signed a USD 500 mn agreement with India’s LuLu Hypermarket on Monday for four new retail outlets…
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Egypt’s HyperOne to invest EGP 5 bn on developing new, existing branches
INVESTMENT WATCH- HyperOne to invest EGP 5 bn on developing new and existing branches: Retail chain HyperOne will spend EGP…
ITDA, Carrefour sign agreement to set up four distribution centers in Egypt
The Supply Ministry’s Internal Trade Development Authority (ITDA) and Majid Al Futtaim Retail have signed an agreement to set up…
Marakez to open Mall of Tanta this fall
Marakez will open its Mall of Tanta this fall, the company said in a statement (pdf). The EGP 1 bn…
Galina-Agrofreeze proposes EGP 1.2 bn plan in setting up retail franchises
Galina-Agrofreeze Fruits & Vegetables has submitted preliminary studies to the government to propose setting up discount retail outlets across the…
Fawry to allow Egyptian retailers to obtain bank loans through Fawry Plus
Fawry is planning allow retailers to apply for bank loans through its Fawry Plus branches in partnership with local banks,…
MAF inaugurates Carrefour store in Ismailia
Majid Al-Futtaim Group (MAF) has inaugurated a shopping mall, with a Carrefour store, in Ismailia at an investment cost of…
Majid Al Futtaim to invest EGP 700 mn to open 20 new Carrefour outlets in Egypt
Majid Al-Futtaim Group (MAF) is planning to invest EGP 700 mn in Egypt this year to open 20 new Carrefour…
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