• Tuesday, 23 February 2021

    Also on our radar on 23 February 2021

    Fawry intends to double its authorized capital to EGP 1 bn, according to documents submitted to the EGX picked up by the local press. The company also plans to raise its issued capital by EGP 100 mn to EGP 453.65...
  • Sunday, 26 January 2020

    Al Sharif Group to sign contract for EGP 1.4 bn Shepheard Hotel renovation

    Al-Sharif Group Holding (ASG) will sign a contract to renovate the Shepheard Hotel next month, Holding Company for Tourism and Hotels Chairman Mervat Hataba told Masrawy. The Saudi company will finance the EGP 1.4 bn renovations of the historic hotel...
  • Tuesday, 31 December 2019

    Egypt signs MoU with Saudi investor to renovate Shepheard Hotel

    Egypt has signed an MoU with an unnamed Saudi investor to renovate the Shepheard Hotel, Public Enterprises Minister Hisham Tawfik said, according to a cabinet statement. The final contract, which will be signed within a month, will see the Saudi...
  • Wednesday, 4 December 2019

    Egypt’s Hotac to announce Shepheard Hotel renovation tender winner next week

    The Holding Company for Tourism and Hotels (HOTAC) is planning to announce next week the winning bid in its tender to renovate and manage the Shepheard Hotel, HOTAC Chairman Mervat Hataba told the press. HOTAC is currently reviewing two offers,...
  • Tuesday, 19 November 2019

    Egypt's Tharaa mulls cooperation with Oman Investment Fund

    Tharaa mulls cooperation with Oman Investment Fund: Egyptian sovereign wealth fund Tharaa is in talks with the Oman Investment Fund to set up a partnership akin to the USD 20 bn investment platform it established with the Abu Dhabi Development...
  • Tuesday, 19 November 2019

    Egypt's Tharaa mulls cooperation with Oman Investment Fund

    Tharaa mulls cooperation with Oman Investment Fund: Egyptian sovereign wealth fund Tharaa is in talks with the Oman Investment Fund to set up a partnership akin to the USD 20 bn investment platform it established with the Abu Dhabi Development...
  • Sunday, 23 December 2018

    Egypt mulling re-issuing tender to sell 51% stake in Shepheard Hotel

    The Public Enterprises Ministry is mulling re-issuing a tender to sell a 51% stake in the Shepheard Hotel in downtown Cairo or bringing the hotel under Egypt’s in-the-works EGP 200 bn sovereign wealth fund to finance the hotel’s development, Minister...
  • Sunday, 18 November 2018

    EGOTH to sell 51% stake in Grand Continental Hotel

    The state-owned Egyptian General Company for Tourism and Hotels (EGOTH) plans to sell a 51% stake in the Grand Continental hotel project, EGOTH Chairperson Mervat Hataba tells Al Mal. EGOTH plans to form a JV with the private sector to...
  • Monday, 5 November 2018

    3 companies qualify in tender to redevelop Downtown Cairo’s Shepheard Hotel

    Three unnamed companies qualified in the tender to acquire a 51% stake in a joint venture with state-owned Egyptian General Company for Tourism and Hotels (EGOTH) to redevelop Downtown Cairo’s storied Shepheard Hotel, EGOTH head Mervat Hataba said, according to...

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