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Al Marasem agrees Sharia-compliant credit facilities worth EGP 1.6 bn for Fifth Square residential project
Al Marasem Development signed contracts for Sharia-compliant revolving credit facilities worth EGP 1.6 bn with a consortium of six banks…
DEVELOPMENT
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Egypt’s Industrial Development Authority suspends licensing for tuk-tuk makers
REGULATION WATCH- No more licenses for tuk-tuk makers: The Industrial Development Authority (IDA) has decided to stop handing out licenses…
Gov’t to issue tender regs for industrial land next month
REGULATION WATCH- The government aims to issue next month new regulations for industrial land tenders, said Industrial Development Authority (IDA)…
Egypt earmarks incentives worth EGP 1.5-2 bn annually for SMEs under new Act
LEGISLATION WATCH- The SMEs Act includes tax and non-tax incentives worth EGP 1.5-2 bn annually to support entrepreneurship and encourage…
SODIC aims to invest EGP 3.7 bn in construction projects in 2019
Upmarket real estate developer SODIC aims to invest EGP 3.7 bn in construction projects in 2019, up from EGP 2.4…
Gulf investors express interest in land reclamation projects
Saudi, Emirati and Omani investors have indicated interest in purchasing land included in the project to convert 1.5 mn feddans…
AIND reports record EGP 72.7 mn net profit in 2018
EARNINGS WATCH- B Investments posted net profits of EGP 194 mn in 2018, a 46% increase from the EGP 133…
Amr El Garhy appointed non-executive chairman of Misr Iran Development Bank
MOVES- CBE pushing for leadership shakeup in banking sector? The Central Bank of Egypt is actively shaking up the C-suites…
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