The UAE-based classifieds unicorn, Dubizzle Group, operates leading brands such as dubizzle, Bayut, and DriveArabia across the MENA region
Egypt, grappling with high inflation and shortages of foreign currency, agreed to the $8bn, 46-month facility in March
Analysts had expected an announcement of fresh Saudi investment into Egypt, but bin Salman left without announcing any firm commitments
From Egypt’s serene beaches to Switzerland’s snow-capped peaks, Orascom’s success lies in its ability to create spaces where people can truly live well
The ongoing conflict in Gaza has increased Washington’s dependence on Egypt for diplomatic mediation
Fake Ozempic with a batch number destined for Egypt were found in at least 10 countries
Majid Al Futtaim Properties delivered a record performance, driven by the success of UAE-based shopping malls and strong consumer confidence
The country’s finances were boosted in February when it sold the development rights to Ras El-Hekma to the UAE for $35bn
Soliman’s resignation had been anticipated, with one government source saying Egypt’s political leadership wanted to introduce fresh faces into key positions, as part of a broader reshuffle
Safina, a key player in the Egyptian maritime industry, offers comprehensive agency services and maritime logistics to shippers, serving the metals, minerals, and fertilisers sectors
Many airlines, globally, are revising their schedules to avoid Iranian and Lebanese airspace while also calling off flights to Israel and Lebanon
Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT
The company, which has witnessed substantial growth since its inception, serves over 188,000 retailers across 17 Egyptian cities
The country’s external debt fell to $154 billion as of the end of May from $168bn at the end of December
The Suez Canal, is a key source of foreign currency for Egypt, and authorities have been trying to boost its revenues in recent years
Spanning 23 million square metres, “South Med” will feature over 2,000 hotel rooms and residential units, and a large international marina
European officials say they want to help Egypt become more resilient by boosting investment in the private sector
The exchange would allow buyers to purchase directly from producers
The World Bank projects that the support programme will create jobs, strengthen the economy, and enhance Egypt’s resilience to environmental and economic challenges
The IMF said its Executive Board would consider the staff agreement and disbursement in the coming weeks
The discussions are expected to address the Israel-Gaza conflict, the Palestinian issue, and a potential free trade agreement between China and Gulf states
The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35bn in investments
Egypt promised the IMF in the March agreement it would resume tightening if necessary to prevent further weakening of its economy
Power cuts are hurting Egypt’s small businesses that play a crucial role in an economy where growth has slowed