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Infrastructure 
Cabinet greenlights bill to simplify property tenure regularization + Egypt, Croatia agreement to eliminate double taxation
Violators will have six months to file requests to regularize their land tenure status under the new bill
MEC buys back UCP shares from US shareholder. PLUS: News from Hassan Allam, Thales, Elsewedy Electric, Oriental Weavers
HO Group’s pharma arm is now the sole owner of United Company of Pharmacists
Palm Hills to break ground on EGP 65 bn development in mid-2024
The developer is also eyeing a EGP 5.5 bn loan to finance its Badya project
Afreximbank extends USD 3 bn in credit facilities to Egyptian firms
The lender is giving Hassan Allam Holding a USD 200 mn facility to support its infrastructure projects in Africa
DP World to start building Sokhna port logistics zone this month
The company has so far invested USD 1.3 bn to develop the Ain Sokhna port
TAQA Arabia launches Tanzania’s first CNG station. PLUS: News from Capricorn Energy, NERIC, Samcrete, Cashcall
The CGN station is the first of 12 stations TAQA will set up in Tanzania
Madinet Masr’s earnings more than double in 9M 2023 on record sales
The real estate developer is on track for record sales by the year’s end
Elsewedy Electric bottom line doubles
The company also clocked a 66% y-o-y jump in revenues in 3Q 2023
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