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Palm Hills, NUCA sign 205 feddan mixed-use development agreement

Palm Hills Developments announced, on Sunday, that that its subsidiary, Arkan Palm for Real Estate Investment Company, of which Palm Hills owns 40% stake, signed a mixed-use co-development agreement with the New Urban Communities Authority (NUCA) on a revenue sharing basis. The project will be built over 205 feddan in Sheikh Zayed City. It will …

Daily News Egypt

Misr Insurance covers belongings of Golden Pharaoh with $900m

Misr Insurance Company has signed a contract with the Supreme Council of Antiquities and the company organising the tours of King Tutankhamun’s belongings in many countries of the world to provide insurance coverage of $900m to the artefacts, an equivalent of EGP 16.2bn. Daily News Egypt has learned that Misr Insurance will be securing King …

Mohamed Azab

Egypt tops list of billionaires’ most visited countries in 2019

Amid tremendous efforts from the government to revive local tourism, Egypt was announced as the number one destination among a list of 15 countries, which international billionaires plan to visit in 2019, according to a study held by Business Insider. The number one business website held a study with Original Travel agency, which plans months-long-trips …

Daily News Egypt

Mamish, El-Gazzar head Egyptian delegation to Makkah Economic Forum 2019

An Egyptian delegation arrived in Saudi Arabia to participate in the second edition of the Makkah Economic Forum which was launched on Saturday and is scheduled to last until Tuesday, a statement of the Saudi Arabian embassy said on Sunday. Egypt’s Minister of Housing, Utilities, and Urban Communities, Assem El-Gazzar, and the Chairperson the Suez …

Daily News Egypt

British Petroceltic files arbitration case against EGPC

British Petroceltic announced on Sunday filing an arbitration case against the Egyptian General Petroleum Corporation (EGPC) at the World Bank Group’s International Centre for Settlement of Investment Disputes (ICSID), according to a statement by the company. The EGPC reportedly breached its obligations in several gas sales agreements and was not able to pay its debts …

Daily News Egypt

Dior Dubai Show brings circus to desert

The Dior magic parade finally stepped foot in the Middle East amidst contradicting feedback. Occupying Safa Park in Dubai, the Parisian fashion house brought its colourful circus tent to the opposite side of the world. While a number of regional influencers were spotted amidst the crowd dressed in Dior from head to toe, many loyal …

Nayera Yasser

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