HOSPITALITY Archives

Alpha Dhabi Holding acquires 36.4% stake in ADX-listed hospitality company

Alpha Dhabi Holding, a unit of Abu Dhabi’s International Holding Co, announced that it has acquired a 36.4% stake in the National Corporation for Tourism and Hotels for US$199 million, to be the only largest shareholder. Alpha Dhabi formed a...

by WAYA Staff - May 14, 2023

Energy

Egypt’s KarmWater inaugurates Marsa Alam’s first solar-powered water desalination plant

KarmWater, the water solutions division of KarmSolar announced the inauguration of the first solar-powered water desalination plant in Marsa Alam, according to...

by WAYA Staff - May 30, 2023

Money

Saudi Arabia’s First Milling Co plans to raise US$266.4m from IPO

Saudi Arabia’s First Milling Company said that it planned to offer 30 percent of its share capital in an initial...

by WAYA Staff - May 30, 2023

Money

Dana Gas gets approval to increase foreign ownership in its shares to 100%

UAE-based energy firm Dana Gas has received regulatory approval to increase foreign ownership in its shares up to 100%, according...

by WAYA Staff - May 30, 2023

Startups

Morocco’s PrestaFreedom raises US$1.1m from Azur Innovation Fund

Morocco-based PrestaFreedom, a home services marketplace, announced it has secured US$1.1 million led by Morocco’s Azur Innovation Fund. PrestaFreedom plans to invest the fund in its...

by WAYA Staff - May 29, 2023

Startups

Egypt’s CardoO launches its first IoT-enabled smartwatch

The Egyptian startup CardoO, specialized in Internet of Things (IoT) devices, announced the launch of its first IoT-Enabled Smartwatch after it raised a...

by WAYA Staff - May 29, 2023

Markets

Two Chinese companies to build US$300m iron complex in SCZone

Egypt’s Suez Canal Economic Zone (SCZone) got an offer from two Chinese companies to build a US$300 million steel complex, according to...

by WAYA Staff - May 28, 2023

Money

Saudi PIF creates US$3b Saudi-Iraqi investment unit

The Saudi sovereign wealth fund PIF has announced it created a new unit to invest in various industries across Iraq, with a capital...

by WAYA Staff - May 25, 2023

Environment

France’s ENGIE to invest US$12b in energy, green hydrogen projects in UAE

France’s ENGIE announced that it will invest an amount of US$12 billion in energy, water desalination and green hydrogen projects in the UAE,...

by WAYA Staff - May 25, 2023

Money

Oman plans to inject US$5b investments in Egypt

The Oman Investment Authority announced its plan to inject US$5 billion in investments in the Egyptian market over the next three years to increase trade exchange and investments...

by WAYA Staff - May 24, 2023

Markets

AstraZeneca plans $US100m investment in Egyptian market

British pharma giant AstraZeneca announced its investment plan in Egypt to up to US$100 million over the coming years, according to...

by WAYA Staff - May 24, 2023

HOSPITALITY

Alpha Dhabi Holding acquires 36.4% stake in ADX-listed hospitality company

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