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Infrastructure 
Time’s up for illegal building settlements
If your home is in violation of the building code, your time to settle is officially up: The government has…
HOUSING
Home / HOUSING
What we’re tracking on 1 December 2020
Welcome to the month of December, friends. Longtime readers know we get maudlin as year-end approaches, and little makes us…
Housing and Development Bank plots entry into digital banking
State-owned Housing and Development Bank is planning to apply for a digital banking license from the Central Bank of Egypt…
ODH confirms it is looking to sell stake in Orascom Housing Communities
M&A WATCH- Orascom Development Egypt (ODH) is in talks to sell some or all of its stake in Orascom Housing…
MNHD signs final agreement to offload stake in Nasr Utilities
M&A WATCH- MNHD signs final agreement to offload stake in Nasr Utilities: Madinet Nasr for Housing and Development (MNHD) has…
Earnings: Fawry, PHD, Al Ahly for Development and Investment, ADIB, Misr Cement (Qena)
EARNINGS WATCH- Fawry’s net profit surged 99% y-o-y in 9M2020 to EGP 119.1 mn from EGP 59.7 mn last year,…
Odin Investments to move forward with El Nasr Civil Works acquisition this month
M&A WATCH- Odin Investments to move forward with El Nasr Civil Works acquisition this month: Odin Investments is expected to…
Earnings watch: SODIC, Beltone Financial, Naeem Holding, TE, TMG Holding, HDB
EARNINGS WATCH- SODIC’s net profits rose 179% to EGP 468 mn y-o-y in 3Q2020, according to the company’s earnings release…
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