}

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Parkin inks MoU with Modon Misr, Mwasalat Misr, Redcon Properties for smart parking in Egypt

Dubai-based paid public parking provider Parkin Company PJSC has signed a memorandum of understanding (MoU) with Modon Misr for Asset and Facility Management, Mwasalat Misr and Redcon Properties to explore the development of smart parking and mobility solutions in Egypt.

Updated 8/19/2026 12:12:00 PM
Egypt, UAE explore cooperation in renewable energy, battery storage

Egypt and the UAE explored opportunities to expand cooperation and investment in renewable energy, battery storage, and electricity infrastructure.

Updated 8/17/2026 12:02:00 PM
Egypt-UAE bilateral trade reaches $9.68B in 2025

Bilateral trade between Egypt and the UAE hit around $9.68 billion in 2025, with Egypt recording a trade surplus of nearly $4.3 billion, Minister of Investment and Foreign Trade Mohamed Farid indicated.

Updated 8/9/2026 11:30:00 AM
Egypt, ADNOC's AIQ explore joint AI-backed platform for petroleum sector

Minister of Petroleum and Mineral Resources Karim Badawi explored ways to utilize AI-powered tools and leverage digital transformation in Egypt's oil and gas sector with AIQ, a subsidiary of the UAE's ADNOC Group.

Updated 7/1/2026 11:52:00 AM
Egypt signs deals for 1,500 MWh battery storage projects in Zafarana, Benban

Minister of Electricity and Renewable Energy Mahmoud Esmat has witnessed the signing of two agreements to set up two separate battery energy storage projects with a combined capacity of 1,500 megawatt-hours in Zafarana and Benban.

Updated 6/4/2026 1:14:00 PM
DFM, ADX retreat at Monday’s close

Dubai Financial Market and Abu Dhabi Securities Exchange ended Monday’s trading session in negative territory, reflecting a bearish trend across the UAE stock markets.

Updated 5/18/2026 2:43:00 PM
Egypt-born proptech Byit expands into UAE

Egypt’s proptech startup Byit has expanded into the UAE and launched a new range of AI-powered solutions to empower real estate brokers and enable more efficient cross-border property transactions

Updated 5/12/2026 10:23:00 AM
DFM, ADX edge lower on Monday

UAE stock markets saw a bearish trend at the close of Monday’s trading session, with Dubai Financial Market General (DFM) Index falling by 82.03 points, or 1.39%, to close at 5,820.18 points.

Updated 5/11/2026 2:31:00 PM
UAE to withdraw from OPEC, OPEC+ effective May 1st

The UAE announced on April 28th that it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective Friday, May 1st.

Updated 4/28/2026 3:56:00 PM
Mashreq becomes UAE’s 1st bank to offer remote accounts for non-resident Egyptians

Mashreq has become the first UAE-based bank to offer a fully digital account opening service for non-resident Egyptian customers, in a move set to transform cross-border banking for Egyptians abroad.

Updated 4/6/2026 1:04:00 PM
DFM, ADX edge lower on Sunday

UAE stock markets saw a bearish trend at the close of Sunday’s trading session, with Dubai Financial Market General (DFM) Index falling by 6.86 points, or 0.124%, to close at 5,510.99 points.

Updated 3/29/2026 3:25:00 PM
UAE stock markets wrap up Wednesday's trading higher

The Dubai Financial Market Index (DFMGI) gained 226.81 points, or 4.146%, finishing Tuesday’s session at 5,697.71 points.

Updated 3/25/2026 2:53:00 PM
UAE stock markets wrap up Tuesday's trading session in green

The Dubai Financial Market Index (DFMGI) gained 87.88 points, or 1.633%, finishing Tuesday’s session at 5,470.9 points.

Updated 3/24/2026 2:14:00 PM
EGYPTAIR cuts Dubai daily flights to one amid regional unrest

EGYPTAIR reduced the number of daily flights to Dubai to one instead of two, effective from March 15th, until further notice, according to an official statement

Updated 3/15/2026 9:17:00 AM
EgyptAir gradually resumes UAE routes amid regional security concerns

EgyptAir announced the gradual resumption of selected flights to the UAE, starting March 9th.

Updated 3/9/2026 9:01:00 AM
UAE stock markets halt trading for 2 days after Iran strikes

Both Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will be closed on March 2nd and March 3rd due to the current situation in the Middle East, the UAE Capital Market Authority announced.

Updated 3/2/2026 7:20:00 AM
Beltone denies news of potential 16% stake sale to UAE’s Al Ansari Financial

Beltone Financial Holding refuted news claiming that the UAE's Al Ansari Financial Services intends to acquire a stake in its shares.

Updated 2/23/2026 2:06:00 AM
Rove Hotels enters Egypt in partnership with El Sayyad Group

El Sayyad Group has formed a strategic partnership with Rove Hotels to introduce the UAE-born hospitality brand to Egypt, marking Rove’s first entry into the local market.

Updated 2/16/2026 11:15:00 AM
UAE stock markets wrap up Thursday's trading session in green

The Dubai Financial Market Index (DFMGI) gained 28.33 points, or 0.424%, finishing Thursday’s session at 6,714.6 points.

Updated 2/12/2026 2:53:00 PM
DFM wraps up Wednesday's trading session in red; ADX sees uptrend

The Dubai Financial Market Index (DFMGI) fell 85.33 points, or 1.26%, finishing Wednesday’s session at 6,686.27.

Updated 2/11/2026 2:53:00 PM