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Aldar could invest USD 1.5 bn in Egypt, Saudi + the UAE over the next year
Emirati real estate giant Aldar Properties still sees potential to invest another USD 1.5 bn in Egypt, Saudi Arabia and…
Jordan is reconsidering restrictions on Egyptian imports
Jordan has agreed to reconsider imposing import restrictions on Egyptian exporters following a meeting between Egyptian and Jordanian officials, an…
SODIC reports 54% increase in new sales in 2Q2022
Upmarket real estate developer SODIC reported (pdf) 51% y-o-y growth in revenues to EGP 1.54 bn in 2Q2022 on the…
O West locks in financing worth EGP 1.5 bn to fast-track construction
O West lands EGP 1.5 bn in funding from CIB: Orascom Development Egypt (ODE) subsidiary Orascom for Real Estate (ORE)…
Last Night’s Talk Shows on diplomacy, diplomacy, diplomacy
It was a diplomacy-heavy night on the airwaves last night, as the nation’s talking heads discussed the Russian foreign minister’s…
SODIC will not revise its MNHD offer upwards without DD
SODIC won’t revise its MNHD offer upwards without DD or more information: Upmarket real estate developer SODIC has said it…
THIS EVENING: SODIC facing a dead end in MNHD acquisition bid? Plus: Chimera closes in on Beltone
Happy hump day, friends. It’s a relatively busy news day here on the home front, with that M&A boomlet we…
MNHD wants SODIC to cough up a lot more
SODIC might have to up its offer 4x if it wants MNHD: Madinet Nasr for Housing and Development’s (MNHD) portfolio…
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