Tuesday 29 July 2014
 
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Cairo

Egyptian groups in new car financing JV

Cairo-based Ezz Elarab Automotive Group has joined hands with Contact Auto Credit, one of Egypt’s leading financial service providers, to launch a new financing company, Ezz Financing. Ezz Financing is set to provide the Egy

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Abraaj aims for Cairo Medical Center takeover

Emerging market-focused private equity firm Abraaj Group aims to complete a takeover of Egyptian healthcare firm Cairo Medical Center after announcing plans for a tender offer to shareholders. The transaction is one of a number of

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Egypt to begin Cairo Metro Line 4 in 2015

Egypt is set to start the first phase of Cairo’s underground fourth line project within the fiscal year 2015-16, said a report.   The Cairo Metro Line 4 will run from Haram district reaching the New Cairo d

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Flynas launches daily flights to Cairo

Saudi Arabia’s national carrier Flynas has launched daily flights from Jeddah’s King Abdulaziz International Airport to Cairo International Airport Terminal 1 from June 1, as part of its expansion plans within Egypt. &

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Al Jazeera seeks $150m damages from Egypt

The pan-Arab satellite network Al Jazeera has served Egypt with a $150 million compensation claim for what it called damage to its business inflicted by Cairo's military rulers, a lawyer acting for the Qatar-based channel said.

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Gradual recovery seen for Cairo real estate

The Cairo real estate market is most likely to remain subdued in the short term, ahead of a potential period of gradual recovery from late 2014 or 2015, said a report. While there have been new completions in the residential and r

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MAF to invest in Egypt road infrastructure

Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Mena region, is set to invest EGP10 million ($1.42 million) for improvement of road infrastructure near Maadi City Centre. Located on the Katameya

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Cairo residential rents remain stable

All sectors of the Egyptian property market remained at or close to the cyclical trough of their cycle even as the Egyptian economy showed signs of improvement in the final quarter of 2013, said a report. The prime rents in capita

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Air Arabia to launch flights to Cairo

Air Arabia, a leading carrier in the region, has strengthened connectivity with Egypt with the launch of non-stop services to Cairo. The new service from the carrier’s primary hub in Sharjah marks Air Arabia’s fifth de

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Blast hits Cairo police HQ; 2 killed

A large blast near police headquarters in central Cairo on Friday killed at least two people and wounded many others, security and medical sources said. Three security sources said a car bomb was the likely cause of the explosion,

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