• Wednesday, 26 June 2019

    Etihad Airways to run summer flights between Abu Dhabi and Alexandria

    Etihad Airways will launch four weekly flights between Abu Dhabi and Alexandria, running from 2 July to 31 August, the airline said in a statement. The addition of these seasonal flights will extend Etihad’s flights to Egypt to 32 per...
  • Tuesday, 18 June 2019

    OCI NV, ADNOC create JV combining their Middle East Fertilizers Businesses

    M&A WATCH- Tie-up between OCI NV and ADNOC will create the largest fertilizer producer in MENA: Abu Dhabi National Oil Company (ADNOC) has agreed to merge its fertilizers business into OCI NV’s nitrogen fertilizers production platform in the Middle East...
  • Monday, 17 June 2019

    El Sisi reaffirms solidarity with UAE in face of “destabilizing attempts”

    El Sisi meets UAE FM Abdullah bin Zayed Al Nahyan: President Abdel Fattah El Sisi reaffirmed Egypt’s solidarity with the UAE in the face of “destabilizing attempts” in the Gulf in a meeting yesterday with UAE Foreign Affairs Minister Sheikh...
  • Monday, 3 June 2019

    What we’re tracking on 03 June 2019

    It’s official: We’re on Eid break as of tomorrow morning — but you may still be fasting. Both the central bank and the EGX have confirmed that our five-day Eid El Fitr weekend begins tomorrow. Banks, capital markets (and, by...
  • Tuesday, 14 May 2019

    What we’re tracking on 14 May 2019

    Good morning, friends, and welcome to the slowest news morning yet of Ramadan. Business is moving at a snail’s pace between the heat and lack of caffeine, making the one big story of the day the still-unfolding mess in global...
  • Sunday, 12 May 2019

    Could ‘sharp power lending’ reduce the need for further IMF bailouts?

    NEW BUZZWORD: Could ‘sharp power lending’ reduce the need for further IMF bailouts? Sharp power lending is the latest buzzword for emerging powers handing out large bilateral loans to countries facing economic crises — and could be an alternative to...
  • Thursday, 21 March 2019

    Emirates to add four flights to Cairo route

    Dubai-based air carrier Emirates will be adding four flights to Cairo per week as passenger demand grows for the route, the carrier said in a statement. The new flights, scheduled on Monday, Wednesday, Thursday, and Saturday, will bring the total...
  • Monday, 18 March 2019

    Raya Contact Center names CEO Reem Asaad as manager of UAE unit

    MOVES- Raya Contact Center has named its deputy chairman and CEO Reem Asaad (LinkedIn) to also head its UAE unit, the company said in a bourse filing (pdf).
  • Wednesday, 13 March 2019

    Banque du Caire inaugurates representative office in UAE

    Banque du Caire has opened a rep office in the UAE as part of its regional expansion drive, according to a statement picked up by Zawya. Chairman and CEO Tarek Fayed said that the UAE office will help spur trade...

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