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Abu Dhabi investment company, ADQ, and its subsidiary ADNEC Group, announced on 12 January the acquisition of 40.5 percent of ICON, the hospitality arm of Egypt-based Talaat Mostafa Group through a capital increase. The signing agreement marks ADQ’s acquisition of stakes in ICON’s pre-existing portfolio of luxury hotels and resorts, including seven famous historic hotels
The Egyptian government has raised $1.9bn from its Asset Monetisation Programme, according to Prime Minister Mostafa Madbouly. Of this amount, $1.65bn was
Initial agreement to be signed within a month: Sources
The Qatar Investment Authority negotiates over the purchase of a 30% stake of the Holding Company for Tourism and Hotels, sources told Daily News Eg
From the blog of Motti Verses at The Times of Israel