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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)…
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…
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…
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