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Dubai Investments profit declines in Q2

Dubai Investments said yesterday its second-quarter net profit dropped 12.6 percent owing to one-off gains from divestments amounting to Dh186 million in the first half of last year. Net profit attributable to equity owners reached in the three months to the end of June reached Dh190.9m compared with Dh218.3m a

Egypt has been seeking foreign investments for the Suez Canal Economic Zone

Egypt’s Minister of Investment Sahar Nasr said that cooperation is ongoing between the ministry and the General Authority for the Suez Canal Economic Zone to attract nearly $30 billion in foreign direct investment to be allocated to infrastructure and logistics hubs in the Suez Canal Economic Zone within five years. The

Investments in South Sinai

The Minister of Investment and International Cooperation Dr. Sahar Nasr met with Governor of South Sinai Maj. Gen. Khaled Fouda. Both sides discussed the governorate's investment opportunities and plans till 2030, and the utilization of its vast areas that require investment projects as well as proposals on several projects, including

Hilton Worldwide plans to expand in Egypt

Source: Reuters. Hilton Worldwide plans to nearly double the number of its hotels in Egypt within seven to 10 years as tourism returns to levels seen before a 2011 uprising, the company's deputy head for Egypt and North Africa said. Tourism is one of Egypt's main sources of foreign currency and provides