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Infrastructure 
City Edge seeks EGP 1.2 bn loan to develop Etapa Square
City Edge Developments is looking to borrow a combined EGP 1.2 bn from the National Bank of Egypt and Banque…
Your top infrastructure stories of the week
Your top infrastructure stories of the week: Egypt-Saudi energy connection project: Hitachi ABB Power Grids has been awarded a three-year…
Net profit drops for Palm Hills, HHD, and Arabian Cement in 2Q2020
EARNINGS WATCH- Palm Hills Developments (PHD) saw its net profit after tax fall 37% to EGP 195 mn in 2Q2020…
Banque Misr, NBE sign EGP 4 bn agreement with Talaat Moustafa subsidiary to develop residential projects
Banque Misr and the National Bank of Egypt (NBE) have signed a EGP 4 bn financing agreement with Talaat Moustafa…
Egypt to invest EGP 134.2 bn in seawater desalination plants through 2050
Egypt is investing some EGP 134.2 bn through 2050 to build seawater desalination plants that would give us 6.4 mn…
Hyper One inaugurates EGP 650 mn new branch on Cairo-Alex road
Hyper One supermarket has opened a new 50k sqm location in New Sphinx City on the Cairo-Alexandria desert road, Mohamed…
Egypt will deploy army if necessary to handle building code violators -El Sisi
Egypt will deploy army if necessary to handle wildcat builders -El Sisi: President Abdel Fattah El Sisi threatened to use…
Amer Tourism Development denies scrapping plans New Sohag City land
Amer Group subsidiary Amer Tourism Development denied in an EGX disclosure (pdf) that the company lost interest in buying a…
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