Egypt seeks to raise $500m from the offering
Emaar Misr has committed to contribute roughly $1.26m to support the first phase of infrastructure and service improvements in Sidi Abdul Rahman village
The new service represents the fifth route for Air Arabia Abu Dhabi since its launch in July
The two countries announced last week that they plan to normalise relations
Employment continued to fall in Saudi Arabia, the UAE and Egypt despite a stronger pickup in non-oil private sector activity in July
The five-year agreement will see Network International process prepaid cards on behalf of Careem in five countries
Last week, the cabinet agreed to resume flights from Kuwait International Airport in three phases
The resort is located in the Sidi Abdelrahman bay
Small businesses turn to digital channels to survive the pandemic
The Abu Dhabi-based airline has started with two routes to Egypt
Air Arabia Abu Dhabi will start its operations with flights to Egypt, operating two Airbus A320 aircraft
The flights will depart from Dubai to Cairo on June 14, 18, 19 and 21
Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019
Following a pandemic-driven plunge, non-oil private sector activity improved in Saudi Arabia, Egypt and the United Arab Emirates
Facebook will work with the International Centre for Journalism (ICFJ) to offer grants, webinars and professional mentorship to support publishers
Egypt has reported 4,319 cases of the coronavirus, including 307 deaths
The flights operated to Afghanistan, Croatia, Egypt, Iran, Russia, Sudan, Somaliland and Thailand
The committee of scholars at Cairo’s al-Azhar university added that people should still fast as the ritual had no link to coronavirus
Country planning one-stop-shop platform for foreign investors
Kellogg’s latest bid, for 89.86 Egyptian pounds ($12.57) per share, followed an offer earlier by Abraaj for 88.09 pounds.
Gulf states agreed in November to end a dispute with Qatar over its promotion of “Arab Spring” revolts.
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.
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’s government is hoping to receive a $4.8 billion loan from the International Monetary Fund.
Mohamed Mursi confirms there will be no new taxes and will look to investment to fix the country’s economy.
The country made a formal loan request to the International Monetary Fund during a visit to Cairo by IMF chief Christine Lagarde.
The Egyptian investment bank posted a net profit of $4.4 million as revenues from its brokerage operations declined.
Two of Cairo’s most highly-ranked generals have been told to step down from their positions, on orders of the president.
The Gulf state is aiming to provide a much needed boost to support Egypt’s declining economy.
A $3.2 billion loan from the International Monetary Fund will help Egypt handle a balance of payments crisis.
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