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Finance Ministry to announce new social security package + tax incentives for investments in 2024
The new social security measures and tax policy framework will be discussed during public consultations next month
ADQ acquires stake in 7 Egyptian historic hotels through 40.5% share in TMG subsidiary
Abu Dhabi wealth fund ADQ acquired a 40.5% stake in Icon
Egypt’s first medical and health resort is on the way
The EGP 1.5 bn resort — dubbed the Naya Wellness Resort — will provide some 4.5k job opportunities
AD Ports inks USD 3 mn initial agreement to run three cruise terminals. PLUS: ex-NDP HQ complex, Russian EV factory, Tasweyat capital increase
AD Ports is expected to ink the final 15-year concession agreement in 1Q 2024
Madbouly cabinet beefs up penalties for hoarders
Hoarders face can face up to one year of imprisonment and a fine up to EGP 2 mn
Beltone, Chimera part of new Abu Dhabi holdco with >USD 27 bn in assets
The assets include Egypt’s Beltone Financial, Chimera Investments, Citadel Technologies, Sagasse Investments, Lunate, and International Resources Holding
Abu Dhabi government-backed hotel group plans USD 170 mn investment in three Egyptian hotels
Abu Dhabi Tourism Investment Company has allocated USD 80 mn to build a new hotel under the brand Sofitel Legend,…
MAFI inks contracts for USD 300 mn agri-food industrial complex
The complex has earmarked 90% of production for export
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