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Marriott International, Inc.

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    • His Excellency Prime Minister Dr. Mostafa Matbouly and His Excellency the Minister of Tourism, Mr. Ahmed Issa with leadership from Palm Hills Developments and Marriott International during the signing ceremony
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Source: Marriott International, Inc. |

Marriott International and Palm Hills Developments Sign Agreement to Open the Ritz-Carlton Cairo, Palm Hills in Egypt

Slated to open in 2027, the hotel will be located in Palm Hills West Cairo, in close proximity to the Great Pyramids of Giza

Marriott International, Inc. (www.Marriott.com) today announced it has signed an agreement with Palm Hills Developments to open The Ritz-Carlton Cairo, Palm Hills, signaling a commitment to strengthening its portfolio of properties across the company’s luxury brands in Egypt. “We are thrilled to work with Palm Hills Developments to bring a…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Blue Mediterranean Partnership steps up support for sustainable blue economy

EIB, EBRD, UfM, EC, AFD, CDP, KfW, donors and beneficiary countries sign cooperation agreement at COP28

Blue Mediterranean Partnership to support transition to a sustainable blue economy in the Mediterranean region; Partnership to start operating in early 2024; Partners aim to mobilise at least €1 billion in investments. At COP28 (www.COP28.com), partners and donors involved in the Blue Mediterranean Partnership reinforced their support for developing the sustainable…

African Energy Chamber

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    • We’ve Got to Get Serious About Ending Gas Flaring in Africa (By NJ Ayuk)
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Source: African Energy Chamber |

We’ve Got to Get Serious About Ending Gas Flaring in Africa (By NJ Ayuk)

To fight flaring effectively, all actors — from consumers to governments to investors — must embrace natural gas

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org). In an era when Africa needs oil and gas investments more than ever, attracting those investments has become increasingly difficult. Part of the challenge lies in the mounting pressure on oil companies to shift their focus from exploration and production to…

Canon Central and North Africa (CCNA)

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    • Canon Central and North Africa unveils remarkable Sales Growth Milestones at Inaugural ‘Executive Circle’ Conference
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Source: Canon Central and North Africa (CCNA) |

Canon Central and North Africa unveils remarkable Sales Growth Milestones at Inaugural ‘Executive Circle’ Conference

This new forum signifies a paradigm shift in the company’s approach to partnership engagement, underscoring a strategic focus on elevating the customer experience

Canon (www.Canon-CNA.com) introduces ‘Executive Circle’, transforming and elevating the customer relationship; Double-digit growth estimated to achieve a 13% for the year 2023; Drive sustainable profit with a healthy progress year on year in order to deliver long-term value for all of our stakeholders and customers. Canon Central and North Africa (CCNA) is thrilled to announce a transformative change in its…

Afreximbank
Source: Afreximbank |

Intra-African Trade Fair (IATF2023) exceeds targets with recorded deals worth up to US$43.8 billion

130 countries participated in the trade fair, which attracted 1,939 exhibitors and 28,282 participants who attended physically and through the IATF virtual platform

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) announces that the third Intra-African Trade Fair (IATF2023) held in Cairo from 9 to 15 November witnessed the conclusion of business deals and transactions valued at US$43.8 billion. In final tallies released in Cairo, the organisers of the continental event said that the amount represented…

The Presidency, The Arab Republic of Egypt
Source: The Presidency, The Arab Republic of Egypt |

Egypt: President El-Sisi Heads to Dubai to Participate in Conference of the Parties (COP28)

President El-Sisi will focus during the functions of the Dubai Conference on efforts by the Egyptian chairmanship of COP27 over the past year

Today, President Abdel Fattah El-Sisi heads to Dubai, the United Aran Emirates, to participate in the presidential segment of the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28). Spokesman for the Presidency, Counselor Ahmed Fahmy, said the President’s participation in COP28 comes upon an…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Egypt: African Development Bank supports Commercial International Bank with $148 million to prop up small and medium-sized enterprises (SMEs) and trade

The financial package to CIB comes amid a shortage of foreign currency in Egypt due to complex endogenous and exogenous macro-economic and geopolitical factors

Finance Programme name: Financial package to Commercial International Bank of Egypt (CIB) Instruments and amounts: -  $10 million Line of credit with a tenor of 10 years, -  $90 million subordinated loan with a tenor of 10 years, -  $32 million trade finance line of credit with a tenor of 3.5 years -  $16…

United Arab Emirates Ministry of Foreign Affairs & International Cooperation
Source: United Arab Emirates Ministry of Foreign Affairs & International Cooperation |

United Arab Emirates welcomes extension of humanitarian pause in Gaza and expresses hope for permanent ceasefire and continued provision of aid

The State of Qatar, the Arab Republic of Egypt, and the United States, to extend the humanitarian pause, allowing for the exchange of hostages, detainees, and captives, and the delivery of relief aid and humanitarian assistance

The United Arab Emirates has welcomed the announcement to extend the humanitarian pause in the Gaza Strip by two days, and the continued exchange of detainees between the Palestinians and Israel, expressing hope this development leads to a permanent ceasefire. In a statement, the Ministry of Foreign Affairs (MoFA) commended…

The Presidency, The Arab Republic of Egypt
Source: The Presidency, The Arab Republic of Egypt |

President El-Sisi Speaks with the President of Tunisia

The two Presidents confirmed their commitment to working jointly to further promote relations

This evening, President Abdel Fattah El-Sisi received a phone call from President of Tunisia, Kais Saied. The call tackled ways to foster closer bilateral relations in order to realize the interests of the two peoples. The two Presidents confirmed their commitment to working jointly to further promote relations. They also…

Ministry of Foreign Affairs of The State of Qatar
Source: Ministry of Foreign Affairs of The State of Qatar |

His Highness the Amir Receives a Written Message from President of Egypt

HE Minister of State for Foreign Affairs Sultan bin Saad Al Muraikhi received the message during his meeting on Tuesday

HH the Amir Sheikh Tamim bin Hamad Al-Thani received a written message from HE President of the Arab Republic of Egypt Abdel Fattah El-Sisi pertaining to bilateral relations. HE Minister of State for Foreign Affairs Sultan bin Saad Al Muraikhi received the message during his meeting on Tuesday with HE…