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Samcrete to back Alday Development’s USD 12 mn EBRD loan
Samcrete has agreed to guarantee subsidiary Aldau Development’s planned USD 12 mn loan agreement with the European Bank for Reconstruction…
Real estate developers face higher solvency requirements for land allocation
Real estate developers are now required to meet a minimum solvency test on land purchases worth more than EGP 1…
UAE’s City Creek Construction to invest EGP 600 mn in Egypt this year
Emirati real estate developer City Creek Construction will establish an arm in Egypt and invest EGP 600 mn in three…
Diplomacy + Foreign Trade on 27 September 2020
Topping diplomatic coverage this morning: Shoukry talks MidEast peace with Jordan, France, Germany, UNRWA: Foreign Minister Sameh Shoukry discussed Middle…
Last Night’s Talk Shows on 27 September 2020
It was a mixed bag of nuts on the airwaves last night: We had the education minister on to talk…
Heliopolis Housing amends mission statement to carry out new development plan
PRIVATIZATION WATCH- State-owned Heliopolis for Housing and Development (HHD) submitted a request to the EGX to amend its mission statement…
Profits at top 5 real estate firms fall 31% in 2Q2020
Egypt’s five largest listed real estate companies reported a combined drop in profits of around 31% in 2Q2020 as a…
NUCA extends payment deadline on land in fourth generation, Upper Egypt cities by six months
The New Urban Communities Authority (NUCA) has granted a six-month grace period for companies to pay for land plots in…
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