Lulu Hypermarkets chief executive officer Yusuffali M.A. said his company would be entering in expanding in emerging markets and create new ones in the Middle East and Asia.
Egypt
Dubai's Arabtec says plan for $40 billion Egypt housing scheme nearly completed
Dubai construction company Arabtec ARTC.DU is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said on Sunday.
Egypt president says no magic bullet for power problems after major blackout
President Abdel Fattah al-Sisi prepared Egyptians on Saturday for more blackouts after lights went out across much of the country this week, saying it would take time and cost the cash-strapped state $12 billion to upgrade the decrepit power grid.
Egypt plans to dig new Suez Canal costing $4 billion
Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.
Still meager private equity investments in Middle East markets- report
The Middle East private equity market looked promising in the past decade but investments have trickled in the past year according to Dealogic data, Financial News reported.
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The shareholders of Egypt's Citadel Capital had approved the share sale for increased capitalization expected to reach EGP3.64 billion.
Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait. Kuwait had given Egypt five years to repay a USD2 billion central bank deposit.
HSBC issued a comprehensive report as to the effects of the Arab Spring with the Gulf countries' economies.
Yusuf Bin Ahmed Kanoo Holdings Ltd purchased the business interests of Thomas Cook Group in Egypt and Lebanon.
