Egypt Becomes Africa Finance Corporation’s 32nd Member State, With a Potential of US$1 Billion of Investments

Egypt Becomes Africa Finance Corporation’s 32nd Member State, With a Potential of US Billion of Investments

CAIRO–(BUSINESS WIRE/AETOSWire) – Africa Finance Corporation (AFC) has welcomed Egypt as its newest member state. Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most populous nation to become the 32nd member of the region’s leading infrastructure solutions provider, opening up a potential US$1billion of investments. “With the increasing importance of public-private partnerships in advancing the African continent and Egypt in particular, we are pleased to accede to membership of a renowned and trusted pan-African institution like Africa Finance Corporation,” Prime Minister H.E. Dr Mostafa Madbouly said. “We are…

Speed Medical SAE, Secures EGP 1.57 Billion Capital Commitment from Global Emerging Markets (GEM)

Speed Medical SAE, Secures EGP 1.57 Billion Capital Commitment from Global Emerging Markets (GEM)

Cairo, Egypt, Speed Medical Company (EGX: SPMD), today announced a EGP 1.57 billion capital commitment from GEM Global Yield LLC SCS (“GGY”), the Luxembourg based private alternative investment group. Under the agreement, GGY will provide Speed Medical Co. (SPMD) with a Share Subscription Facility of up to EGP 1,570 million for a 36-month term to use at its discretion, subject to agreed upon terms. The company will have no minimum drawdown obligation and is authorized to utilize the facility on an as-need basis over the life of the agreement. “We are…

Al Zorah launches second phase of “The Fairways”

Al Zorah launches second phase of “The Fairways”

Ajman, United Arab Emirates, (AETOSWire): Al Zorah Development Company launched the second phase of The Fairways district, making 17 new residential building plots available to investors to construct G+4 to G+10 floors modern designed buildings strategically located in Al Zorah – Ajman with unobstructed views towards the 18 holes championship golf course. Imad Dana, CEO of Al Zorah Development Company, said: “The Fairways has many distinct advantages primary of which is the vast open space that offers stunning views of the neighborhood and the 18 holes championship golf course that…

Azizi Developments revamps project designs to suit new normal

عزيزي تعمل على تجديد تصاميم مشاريعها بما يتلاءم مع متطلبات العملاء بعد الوباء 

Azizi Developments revamps project designs to suit new normal The developer is now catering to new investor and end user needs, such as by integrating more non-porous materials, dedicated home office spaces, space for kids to play, larger balconies and more Dubai, 26 July 2021: Azizi Developments, a leading private developer in the UAE, has overhauled the designs of its upcoming homes to appeal to customers’ post-pandemic needs. Amid the substantial changes in preferences due to the implications of the pandemic on residential developments, Azizi Developments has redefined several of its…

WORLD SECURITY WINS KEY PROJECTS IN VARIOUS SECTORS RANGING FROM RETAIL TO GOVERNMENT INSTITUTIONS  

فوز العالمية للأمن بمشاريع نوعية في قطاعات حيوية حكومية وقطاع التجزئة

WORLD SECURITY WINS KEY PROJECTS IN VARIOUS SECTORS RANGING FROM RETAIL TO GOVERNMENT INSTITUTIONS   Overcoming the challenges of the pandemic, the entity has ensured it creates a safe and secure environment for its clients across varied sectors DP World, UAE Region’s next-generation service provider, World Security, kickstarted 2021 on a high note with projects in varied crucial sectors, ranging from retail, government institutions and the hospitality sector. Building strong partnerships and collaborations is one of the core values of World Security. Working on this principle, the company has a…

Azizi Developments to leverage German engineering for its Dubai projects

عزيزي تستعين بالمدرسة الهندسية الألمانية للارتقاء بمعايير البناء في مشاريعها

Azizi Developments to leverage German engineering for its Dubai projects The developer is employing German engineers and architectural consultants, as well as sourcing German construction materials, to further improve its quality as demand from European buyers is on the rise  Azizi Developments, a leading private developer in the UAE, is scouting for more German engineers and architectural consulting firms to review its projects across Dubai, with new-hires and appointments to play key roles in ensuring that international quality standards are met and surpassed throughout its development processes in Dubai. Moreover,…

MENA tech-driven ventures could pay professionals more than double the current average salary

MENA tech-driven ventures could pay professionals more than double the current average salary

Dubai, United Arab Emirates, (AETOSWire): Cultivating a tech start-up culture is key to driving economic as well as environmental, social and governance (ESG) progress across the Middle East and North Africa (MENA) region, Crescent Enterprises’ Deputy CEO and Head of Investments Tushar Singhvi has said. According to public policy think tank Information Technology and Innovation Foundation, tech-driven ventures in the US present more attractive opportunities for professionals, paying an average of $102,000, more than double the current US average of $48,000. “With a mature tech start-up ecosystem, these opportunities could…

Al Zorah – Ground levelling Works start in District 9

Al Zorah – Ground levelling Works start in District 9

Ajman, United Arab Emirates (AETOSWire), Al Zorah Development Company has begun land levelling works in District 9, in which 70% of the residential plots and 10% of the commercial plots were sold within several weeks, where District 9 comprise a total of 583 plots. AIMS contractor is executing levelling works within the district to enable investors to move forward with their plots construction works. Imad Al-Dana, CEO of Al Zorah Development Company, says: “District 9 project is located at the main entrance of Al Zorah, extending over ​​a land area…

Crescent Enterprises to double its investments in start-ups to AED 1 billion by 2022

Crescent Enterprises to double its investments in start-ups to AED 1 billion by 2022

Dubai, United Arab Emirates, (AETOSWire): CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach AED 1 billion (USD 272 million) by 2022. Since its inception in 2017, CE-Ventures has already invested over AED 500 million (USD 136 million) in 32 start-ups and VC funds across the Middle East & North Africa (MENA), the US, India, and Southeast Asia. Crescent Enterprises is a multinational company headquartered in the United Arab Emirates. It operates under four platforms:…

Dana Gas and Crescent Petroleum Resume Khor Mor Expansion Project

Dana Gas and Crescent Petroleum Resume Khor Mor Expansion Project

Sharjah, United Arab Emirates, -(AETOSWire): Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil & gas company in the Middle East, have announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium. The KM250 expansion involves further investment of US$600 million to add 250 million cubic feet per day of much-needed additional gas production to supply…