Égypte-actualités
Égypte-actualités
82
revue de presse sur l'actualité culturelle, archéologique, politique et sociale de l'Égypte
Curated by Egypte actus
Follow
Scooped by Egypte actus onto Égypte-actualités
Scoop.it!

Football: Al Ahly, 9 mois après

Al Qarra - Match au sommet en finale de la Ligue des Champions Africaine. L'Espérance Tunis, double vainqueur de l'épreuve et tenant du titre, affronte les Cairotes d'Al-Ahly, qui tenteront de remporter un septième succès dans la compétition. L'Espérance, c'est une armoire à trophées qui contient 63 récompenses. Sur l'étagère de l'ogre égyptien, on en compte 123. En clair, l'affiche oppose les deux plus grands clubs du continent et ne pouvait être plus belle.

No comment yet.
Your new post is loading...
Scooped by Egypte actus
Scoop.it!

Dubai retailer MAF aims to bid for Egypt shop chain (Metro)

Dubai retailer MAF aims to bid for Egypt shop chain (Metro) | Égypte-actualités | Scoop.it

Dubai’s Majid Al Futtaim (MAF) expects to bid for the supermarket arm of Egypt’s Mansour Group in the first quarter, MAF chief executive said, after it posted a 10 percent rise in annual revenue.

Mansour Group, also the largest distributor of General Motors cars in Egypt, aims to sell supermarket chain Metro and discount grocery store Kheir Zaman. Sources told Reuters in December that the deal was valued at $200 million to $300 million (...)

The discussions signal growing appetite by Gulf-based firms to expand their presence in the most populous Arab state at a time when valuations are low due to political strife in Egypt.

Egypte actus's insight:

Metro is the country’s largest supermarket chain with more than 40 outlets in 10 cities. Kheir Zaman has over 2,000 employees and 30 stores throughout the country.

Unlisted MAF entered Egypt in 2000 and it owns two shopping malls, plus 14 hypermarkets and supermarkets.

"We continue to believe that Egypthas a large consumer base that is attractive," said Malas, adding the country provided 5-9 percent of the company’s revenue in 2012.

In Cairo, MAF will start building its Mall of Egypt project in the first quarter and also plans to expand its Maadi City Centre mall and develop land it owns near the citys airport.

The family-owned group is the sole franchisee of French hypermarket chain Carrefour in the Middle East and owns 11 shopping malls and 11 hotels in the Middle East andNorth Africa.

No comment yet.