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Heliopolis Housing to move from Public Enterprises to Companies Act purview
Other things we’re keeping an eye on this morning: Heliopolis Housing is on course to become a joint stock company…
Housing boom in NAC catches the eye of the foriegn press
On an otherwise quiet morning in the foreign press: The rush to build housing to accommodate civil servants relocating to…
Arabia Holding secures EGP 800 mn loan from Banque Misr
Egyptian real estate joint stock company Arabia Holding secured a six-year EGP 800 mn loan from state-owned Banque Misr under…
Fawry, MM Group, ODE all report stellar earnings in 2Q2021
EARNINGS WATCH- Fawry’s net income rose 7% to EGP 51.4 mn in 2Q2021, up from EGP 47.9 mn in the…
THIS MORNING: Prepping for the 2021-2022 school year in Egypt + the fall of Afghanistan is one of those once-in-a-generation foreign affairs stories
Good morning, wonderful people, and welcome to a surprisingly brisk morning. Mondays in mid-August are usually slow news days on…
Swvl, New Capital company eye debuts on EGX
Swvl could debut on EGX in 2022-2023: Mass transportation startup Swvl is considering an initial public offering on the Egyptian…
SKY AD plans to invest over EGP 4 bn in 2 projects in Egypt by year’s end
UAE-based Diamond Group’s subsidiary Sky AD Developments will invest over EGP 4 bn in two projects in Egypt by the…
MNHD’s consolidated net income down 53% in 1H2021
Madinet Nasr Housing and Development’s (MNHD) consolidated net income fell 53% y-o-y in 1H2021 to EGP 228.6 mn, down from…
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