#Egypt

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

Flydubai operates 23 repatriation flights, plans up to 10 more over the next week

The flights operated to Afghanistan, Croatia, Egypt, Iran, Russia, Sudan, Somaliland and Thailand

Egypt bans Ramadan gatherings, public iftars – reports

The committee of scholars at Cairo’s al-Azhar university added that people should still fast as the ritual had no link to coronavirus

Egypt PM: Working on easing process for foreign investors

Country planning one-stop-shop platform for foreign investors

Kellogg Ups Bid In Battle With UAE’s Abraaj For Bisco Misr

Kellogg’s latest bid, for 89.86 Egyptian pounds ($12.57) per share, followed an offer earlier by Abraaj for 88.09 pounds.

Qatar And Egypt Officials Discuss Reconciliation

Gulf states agreed in November to end a dispute with Qatar over its promotion of “Arab Spring” revolts.

Egypt’s Sisi Urges Israel To Consider 2002 Arab Peace Initiative

The plan, rejected by Israel, offered full recognition of the Jewish state but only if it gave up all land seized in the 1967 Middle East war and agreed to a “just solution” for Palestinian refugees.

Egypt’s IT Sector Plans 20,000 New Hires In 2013

The country’s IT sector aims to post double digit growth rates by the end of next year, says Egypt’s Communications and IT minister.

Egypt Sees IMF Deal In 2 Months, Eyes World Bank Aid

Egypt’s government is hoping to receive a $4.8 billion loan from the International Monetary Fund.

Egypt’s President Rules Out Currency Devaluation

Mohamed Mursi confirms there will be no new taxes and will look to investment to fix the country’s economy.

Egypt Requests $4.8bn IMF Loan

The country made a formal loan request to the International Monetary Fund during a visit to Cairo by IMF chief Christine Lagarde.

EFG-Hermes Q2 net profit down 66%

The Egyptian investment bank posted a net profit of $4.4 million as revenues from its brokerage operations declined.

Mursi Orders Military Chief To Retire

Two of Cairo’s most highly-ranked generals have been told to step down from their positions, on orders of the president.

Qatar Deposits $2bn To Support Egypt

The Gulf state is aiming to provide a much needed boost to support Egypt’s declining economy.

Egypt Invites IMF Officials To Resume Loan Talks

A $3.2 billion loan from the International Monetary Fund will help Egypt handle a balance of payments crisis.