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Earnings watch: Sodic, EFG Hermes, MNHD, Telecom Egypt
EARNINGS WATCH- Sodic net income grows 9% y-o-y in 2Q019, revenues double: Sodic recorded a 9% y-o-y increase in net…
Porto Group investing EGP 7.7 bn in Porto October
Real estate developer Porto Group is investing EGP 7.7 bn in its Porto October project west of Cairo, Chief Marketing…
Suez Canal, foreign reserves, new cities and chicken kept talking heads busy last night
Egypt getting its money’s worth in Suez Canal gains: A cabinet infographic showing a 5.4% jump y-o-y in Suez Canal…
Vertical forest project to be implemented in the new administrative capital
Misr Italia is working with Italian architect Stefano Boeri to bring his “vertical forest” to its buildings at the new…
Tatweer Misr says North Coast’s Fouka Bay investments worth EGP 4 bn
Tatweer Misr is investing an estimated EGP 4 bn in its Fouka Bay project on the North Coast, excluding land…
Egypt’s NUCA allocates EGP 16 bn land to new city investor
The New Urban Communities Authority (NUCA) has allocated EGP 16-bn worth of land plots under a new land tender mechanism…
IMKAN allocated EGP 5 bn, 166-acre New Cairo land plot
IMKAN Properties, a subsidiary of the UAE’s Abu Dhabi Capital Group (ADCG), has been allocated a EGP 5 bn, 166-acre…
Heliopolis Housing calls shareholders meeting to vote on management contract
HHD calls on shareholders to vote on handing company management to a private partner: State-owned real estate developer Heliopolis Housing…
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