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Emaar's Alabbar tops Forbes list of impactful realty leaders

Mohamed Alabbar, Founder and Managing Director of Emaar Properties tops the Forbes Middle East ‘Most Impactful Real Estate Leaders’ list, with total assets of $37.3 billion as of the end of September 2023.

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ADQ And ADNEC Group Enter Into Definitive Agreements To Acquire A 40.5 Percent Stake In TMG Holding's Hospitality Business In Egypt

A database driven portal providing information on conferences, exhibitions, seminars and workshops in the Middle East

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Egypt's Historic Hotel Sell-Off Raises Concerns Over Heritage and Debt Crisis

In a bid to confront its debt crisis, Egypt has embarked on a historic sale of its cherished assets, including the iconic Marriott Mena House hotel nestled near the Great Pyramids of Giza. Financed by Emirati investors, this USD 800 million (EGP 24 billion) deal marks a significant shift in Cairo's strategy to navigate its

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Desperate Egypt sells off historic hotels as it dives deeper into debt

Amid biting austerity and rising inflation, the al-Sisi government is off-loading assets – some to a convicted murderer with Emirati cash

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ADQ and ADNEC Group enter into definitive agreements to acquire a 40.5 percent stake in TMG Holding's hospitality business in Egypt

DQ, an Abu Dhabi-based investment and holding company, and ADNEC Group (“ADNEC”) today announced the signing of definitive agreements for the strategic acquisition of a 40.5 percent stake in Egypt-based Talaat Moustafa Group Holding’s (“TMG Holding”) hospitality arm, ICON Group (“ICON”) through a capital increase. ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ and 51 percent equity ownership by ADNEC.

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ADQ, ADNEC Group Sign Definitive Agreements To Acquire 40.5 Percent Stake In TMG Holding's Hospitality Business In Egypt #AbuDhabi

ADQ, ADNEC Group Sign Definitive Agreements To Acquire 40.5 Percent Stake In TMG Holding’s Hospitality Business In Egypt, News, Abu Dhabi City Guide

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UAE Business: Abu Dhabi groups buy 40pc stake in TMG's hospitality unit

ADQ, an Abu Dhabi-based investment and holding company, and

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ADQ and Adnec to acquire a 40.5% stake in Egypt-based hospitality firm

Group owns Four Seasons Cairo, Kempinski Nile Hotel Cairo, Four Seasons Sharm El Sheikh

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Abu Dhabi groups buy 40pc stake in TMG's hospitality unit

Abu Dhabi group ADQ has joined hands with Adnec to acquire a strategic 40.5% stake in Icon Group, the hospitality arm of Egypt-based Talaat Moustafa Group through a capital increase. The Icon owns 3 Four Season properties as well as a Kempinski hotel.

Alexandria , Al-iskandariyah , Egypt , Cairo , Al-qahirah , Sharm-el-sheikh , Janub-sina- , Marsa-alam , Al-bar-ala-mar , Egyptian , Omar-khayyam-zamalek , Hisham-talaat-moustafa

ADQ, ADNEC Group sign definitive agreements over hospitality business in Egypt

ADQ, ADNEC Group sign definitive agreements over hospitality business in Egypt
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