#Egypt

Over $1bn piled into MENA-based startups in 2020

The UAE, Egypt and Saudi Arabia accounted for 68 per cent of the total deals disclosed in 2020

Mashreq-Bank

Dubai bank Mashreq may move nearly half its jobs to cheaper hubs

The relocation plan is expected to be completed in three phases by October this year

Gulf Arab states agree to restore Qatar ties, end three-year rift

Qatar’s ruler Emir Sheikh Tamim bin Hamad Al Thani landed in the kingdom to a warm embrace from the Saudi Crown Prince

Quick Holiday Travel

Revealed: Five countries you can currently travel to from Dubai within six hours

Travelling to a nearby country for the Christmas weekend would be an ideal getaway for many looking for a change of scenery

Five key stages for developing the tourism sector across the Middle East

Tourism is essential for economic diversification, growth, and job creation

Saudi, Abu Dhabi wealth funds team up on Egyptian drugmaker deal

Public Investment Fund and ADQ are weighing the purchase of Bausch Health’s Cairo-based drug unit

Egypt-based FMCG giant picks SAP to run distribution, sales

EDITA rolls out SAP Direct Store Delivery (DSD) Mobile Android Solution 2.0

Saudi non-oil private sector business activity improves to highest in 8 months

However, employment numbers dropped at the fastest rate since June

Egypt’s biggest listed bank slumps after chairman steps down

The stock fell as much as 10 per cent to trade at EGP60.10 pounds before paring the decline to 7.2 per cent at close

Abu Dhabi’s ADQ partners with Lulu International Holdings for Egypt expansion

ADQ and LIHL will work to collectively develop up to 30 hypermarkets and 100 express minimarket stores

Abu Dhabi wealth fund ADQ said to pursue Bausch’s Egypt unit

ADQ has been evaluating the Bausch business, known as Amoun Pharmaceutical Co

Air Arabia

Air Arabia announces new service from Ras Al Khaimah

It also confirmed that it will resume flights to several destinations across Pakistan, Egypt and Bangladesh from Ras Al Khaimah

Ericsson R&D hub in Egypt ships first locally-developed AI software

Cognitive software reduces complexity in network operations

UAE’s Al Habtoor Group completes preparations for Cairo office

The office will act as a liaison unit, and will be tasked with finding opportunities in the local market

Egypt prepares to issue region’s first green sovereign bond

Egypt seeks to raise $500m from the offering

Egypt’s Emaar Misr, Tahya Misr Fund tie up to develop Sidi Abdel Rahman village

Emaar Misr has committed to contribute roughly $1.26m to support the first phase of infrastructure and service improvements in Sidi Abdul Rahman village

Air Arabia Abu Dhabi

New low-cost carrier Air Arabia Abu Dhabi to launch daily flights to Cairo

The new service represents the fifth route for Air Arabia Abu Dhabi since its launch in July

Israeli airline Israir seeks UAE landing permit

The two countries announced last week that they plan to normalise relations

Jobless recovery from virus takes shape for top 3 Arab economies

Employment continued to fall in Saudi Arabia, the UAE and Egypt despite a stronger pickup in non-oil private sector activity in July

careem now

Network International underpins Careem’s digital payments initiative

The five-year agreement will see Network International process prepaid cards on behalf of Careem in five countries

Kuwait Airways

Kuwait issues guidelines to permit entry of people from banned countries

Last week, the cabinet agreed to resume flights from Kuwait International Airport in three phases

Developer Emaar inaugurates Address Marassi Golf Resort in Egypt

The resort is located in the Sidi Abdelrahman bay

Half of SMBs in the UAE, 35% in Saudi reduced their workforce due to virus: study

Small businesses turn to digital channels to survive the pandemic

AirArabia-Abu-Dhabi- 2

UAE’s new low-cost airline Air Arabia Abu Dhabi operates its inaugural flight

The Abu Dhabi-based airline has started with two routes to Egypt

AirArabia Abu Dhabi

UAE’s new low-cost airline Air Arabia Abu Dhabi to begin flights on July 14

Air Arabia Abu Dhabi will start its operations with flights to Egypt, operating two Airbus A320 aircraft

Emirates announces four repatriation flights to Cairo from Dubai

The flights will depart from Dubai to Cairo on June 14, 18, 19 and 21

Four MENA IPO deals raise $814.2m in Q1 2020

Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019

Worst may be over for biggest Arab economies as businesses adapt

Following a pandemic-driven plunge, non-oil private sector activity improved in Saudi Arabia, Egypt and the United Arab Emirates

Facebook Journalism Project launches fund to support local newsrooms amid Covid-19

Facebook will work with the International Centre for Journalism (ICFJ) to offer grants, webinars and professional mentorship to support publishers

Egypt asks IMF for financial aid amid coronavirus fight

Egypt has reported 4,319 cases of the coronavirus, including 307 deaths