REAL ESTATE-

Emaar opens the doors to its EGP 9 bn Egypt resort: DFM-listed Emaar Properties’ Egyptian arm, Emaar Misr, inaugurated its EGP 9 bn (c. AED 682.9 mn) Palace Beach Resort Marassi in Egypt’s North Coast’s Marassi development, according to an Egyptian cabinet statement. Spanning 140k sqm, the resort includes 87 rooms, 31 luxury villas, and wellness and hospitality facilities.

More in the pipeline: Earlier this summer, Emaar Misr was also planning a 10 mn sqm integrated tourism project on Egypt’s Red Sea with Saudi Arabia’s City Stars Properties. It is also set to invest AED 7.3 bn alongside Egypt’s Midar Investment in a residential project in New Cairo.

BANKING-

Emirates Entrepreneurs Association partners with ruya for SME support: Homegrown digital Islamic community bank ruya will provide banking and loan solutions for Emirati entrepreneurs who are members of the Emirates Entrepreneurs Association under an MoU, according to a press release.

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