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Also on our radar on 13 January 2021
EBRD, UN to help Egypt’s tourism industry get back on its feet post-covid: The European Bank for Reconstruction and Development…
A smattering of M&A news to keep things interesting
Nutrien has agreed to drop its arbitration claims against a subsidiary of Misr Fertilizers Production Company (Mopco) as part of…
Tons and tons of M&A news
Greek energy company Energean has completed the acquisition of Edison’s energy portfolio, which includes substantial oil and gas assets in…
Partnering with the state on affordable housing?
Private-sector real estate developers can work on government-sanctioned social housing projects under a cabinet decision. Homes developed by the private…
ODH sells affordable housing arm
An unnamed UK-based fund has acquired 100% of New City Housing and Development for EGP 365 mn, Al Mal reports…
ODH offloading affordable housing arm
Orascom Development Egypt’s (ODH) board has approved plans to sell the company’s 35% stake in affordable homes builder New City…
Own an illegal building? You have another month to settle with the gov’t.
Property owners in violation of the building code are getting yet another extension to settle up with the government until,…
HDB 9M NP down 4%, Al Ezz Dekheila Steel losses grow
The Housing and Development Bank’s (HDB) consolidated NP fell 3.3% y-o-y in 9M2020, to EGP 1.66 bn from EGP 1.71…
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