Etihad adds 10 destinations to its network in just one day as part of major expansion
Africa
AD Ports Group
AD Ports Group inks deal to develop industrial zone in Egypt’s East Port Said
The agreement follows a preliminary agreement signed with SC Zone in March 2023
Adani Group
Adani Group loses $2.5bn worth of Kenyan deals following US fraud, bribery allegations
Kenya announced axing multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani
Emirates
Emirates boosts Madagascar and Seychelles flights
Emirates increases flights on Dubai to Madagascar flights
Egypt
Egypt seeks long-term LNG deals with foreign companies to cut reliance on expensive spot market: Report
Egypt’s domestic supplies fell to a seven-year low in September, primarily due to declining production from the Zohr gas field and increased power consumption
Abu Dhabi Fund for Development
Abu Dhabi’s ADTIC partners with Accor for $100mn luxury Sofitel Legend Pyramids Hotel in Giza
The 303-room luxury hotel is set to break ground in December 2024
Abu Dhabi
Modon Holding and Hassan Allam Holding to collaborate in Ras El Hekma
The two parties will look at collaborating in construction sector, including infrastructure, energy, and water and wastewater treatment
Egypt
Egypt’s October inflation edges up to 26.5%, below market expectations
Food prices in October were 27.3% higher than a year earlier
AI adoption
Google launches AI Opportunity Initiative for MENA, investing $15mn by 2027
The new initiative aims to empower half a million individuals within two years with critical AI skills
Africa
Emirates boosts Africa network with new flights to Uganda, Ethiopia and South Africa
Emirates to fly 161 flights per week from Dubai to destinations in Africa
DP World
DP World and Egypt to conduct feasibility study for new 500-acre free zone
The study will focus on a free zone covering approximately 500 acres within ACUD’s 1,958-acre land along the Cairo-Ain Sokhna Road
Egypt
Modon Holding and LuLu team up to expand retail presence in the UAE and Egypt
The two will jointly explore high-potential locations for retail development, implement smart retail solutions and advanced logistics infrastructure
Agriculture
UAE’s Al Dahra plans to expand its business in Egypt
It discussed future investments in a meeting with Egypt’s Minister of Investment and Foreign Trade
Bangladesh
Saudi Arabia tests skills of expat workers from India, Pakistan, Egypt, Bangladesh and Sri Lanka; 209,500 workers accredited in job scheme
Saudi Arabia’s Professional Accreditation Program aims to enable employers to assess their workforce
Eagle Hills
Emaar founder Mohamed Alabbar sparks Madagascar deal frenzy
Sources suggest mega project to be announced soon
Burjeel Holdings
Burjeel and Modon to jointly develop healthcare facilities in Ras El Hekma
Will develop multi-specialty healthcare facilities as well as empower local healthcare professionals with advanced skills and knowledge
travel trends
Travel trends: Top destinations for GCC travellers revealed as cost of flights increase 11% in a year
Wego research identifies most popular destinations for GCC travellers during winter