Category Archives: Egypt News

Egypt News

Arbitration as a Key Tool for Businesses in the MENA Region

By Samaa A. Haridi,  Vice President (Egypt and USA) of the ICC International Court of Arbitration and a Partner at law firm King & Spalding. International arbitration has become a key tool for conducting business in the Middle East and North Africa (MENA) region, especially now that an increasing number of MENA businesses cross regional and […]

Egypt and Marriott power hotel development in Africa

When it comes to hotel development across Africa, Egypt and Marriott are the two phenomena to watch. This insight comes from this year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source, documenting and analysing the number of hotels being planned and built across the continent. The survey, conducted by […]

Rixos Hotels Egypt Bagged a Recognition of the Booking.com Traveller Review Award 2023

Rixos Hotels Egypt embraces the brand-new year with another recognition as their luxurious properties were recognized with Booking.com Traveller Review Award 2023. This distinguished award is an annual appreciation program for various hospitality partners with remarkable services, determined by the review scores that travelers leave after their stay or experience the property. The Ultra All […]

Rixos Hotels Egypt to Host the First-Ever Indian Wedding in Egypt

Rixos Premium Seagate and Rixos Sharm El Sheikh kick start the brand-new year by hosting an Indian Wedding, and it is notable it was the first time it happened in the history of the land of the Pharaohs, Egypt. Positioning the Rixos properties as an opulent and world-class wedding venue, it is a perfect inception […]

Get Ready for the Ultimate New Year’s Celebration at Rixos Hotels Egypt in 2023!

Celebrate the start of 2023 with a special New Year’s Week celebration at Rixos properties, such as Rixos Premium Magawish Suites & Villas, Rixos Premium Seagate, and Rixos Sharm El Sheikh! This extravagant event is sure to be packed with amazing live shows and performances. Celebrate the New Year in style at the Rixos Premium […]

The growing US dollar weighs down on African economies

By Pitamber Kaushik As the Federal Reserve, the central bank of the United States, continues to hike its lending rates aggressively in order to rein in persistent inflation, the stress exerted by the bulking US Dollar continues to send ripples throughout the world. Being the predominant medium of international exchange, serving as the world’s principal […]

Africa: Energy transition policies and regulatory developments light up across the continent

Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change […]

MaxAB raises $40 million from Silver Lake, BII, and DisruptAD to support company growth and regional expansion

MaxAB, an e-commerce and distribution platform for food and grocery items, has announced the close of a $40 million pre-series B equity round to finance its expansion into the Middle East, North Africa and Pakistan region. New investors in this round include Silver Lake, British International Investment and DisruptAD, along with existing investors Beco Capital, […]

Africa hotel development: It’s Egypt, Morocco, Accor & Marriott

Just four words are needed to sum up the main findings of this year’s African hotel chain development pipeline survey conducted by W Hospitality Group, in association with the Africa Hospitality Investment Forum (AHIF); those words are Egypt, Morocco, Accor and Marriott. This year’s annual survey, which is widely acknowledged as the industry’s most authoritative […]

Africa is leapfrogging into the future of retail

The bi-annual Global Retail Development Index (GRDI), which is a study of the global retailing landscape has revealed Africa is poised to move away from traditional retail models and become the fastest-growing, richest, and most sophisticated market in the world. Prashaen Reddy, a partner at management consulting firm Kearney says that this is thanks to the […]

Global Cities Report – Five strategic imperatives for city leaders

Last year’s edition of the Kearney Annual Global Cities report provided a revealing overview of urban centres amid the unprecedented public health catastrophe of the COVID-19 outbreak. A stark snapshot was painted of a volatile, increasingly fragmented environment characterized by fierce competition among cities for status, a situation acutely exacerbated by the coronavirus pandemic. “The […]

Sheikh Mohammed bin Zayed tours Egypt pavilion at Expo 2020 Dubai

His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, toured Egypt pavilion at Expo 2020 Dubai and expressed his admiration for the display and amazing content of the pavilion, especially the mixture of history and civilization, as well as the vision for […]

UAE Government leaders, African Ministers share insights on their digital transformation agenda at GITEX GLOBAL 2021

Africa is set to power the world’s digital transformation with its huge young talent base powering an offshore services export revolution with Egypt in pole position and Ghana set to lead on bridging the digital gender divide. Insights shared by Leaders during GITEX GLOBAL Leaders Vision Summit in Dubai. Speaking on the Africa focus opening […]

H.B. Fuller to Build New Facility in Egypt

The new plant will become a regional production hub for the company’s adhesives business growth in the Middle East and Africa Cairo, Egypt – H.B. Fuller (NYSE: FUL), a leading global adhesive manufacturer, announced on 4 August a strategic investment to build a new facility in Cairo to support customers’ increased demand in the fast-growing […]

Trip to Egypt! Buckle Up for the Most Luxurious Staycation at Rixos Hotels Egypt

Pack your bags and head to Rixos Hotels Egypt’s chain of luxurious properties! Egypt is finally welcoming back international tourists from the GCC region after the travel restrictions and Rixos Hotels Egypt is offering discerning guests with the most blissful getaway to take a breather and escape the stresses of life. There are loads of […]

The Lost Golden City of Egypt

One of the most profound discoveries in recent times is the “Lost Golden City”, discovered in Egypt. The remains were found in Egypt by archeologists declared to be the largest ancient city found in the entire country. The “Lost Golden City” had been sleeping within Luxor for over three thousand years buried under sand near […]

Competition law in post-pandemic Africa a key driver for market participation, consumer protection and fair practices

 With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction. […]

Orange Business Services to design and build cloud-based ICT infrastructure for Egypt’s newest smart city

Sahem Azzam, Vice President Middle East, Africa and Turkey, Orange Business Services

 – Selected as master system integrator to deliver a new data center, offering critical cloud and smart services –  Supports Orange Egypt – the prime contractor – in a multimillion Euro project to develop part of the New Administrative Capital Orange Business Services, a network-native digital services company, has announced that it will design and […]

African dealmaking decreases, the Africa’s Free Trade Agreement expected to boost recovery

Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019. According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 […]

A Young Egyptian Researcher Attracts the Attention of British and European Oil Companies. Dr. Mohammad ElSayed Develops the First Multi-Sensing Robot System for Monitoring Offshore Oil and Gas Platforms in Britain

In an interview with Iris Media Agency, Dr. Mohammed ElSayed, a young Egyptian researcher at the University of Edinburgh, asserted that his success in developing a new multi-sensing robot has attracted the attention of both British and European oil and gas companies. Dr. Mohammad, who is currently spending his vacation in Abu Dhabi, mentioned that his novel invention will […]