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Also on our Radar on 1 June 2021
Other things we’re keeping an eye on this morning: Representatives of German shipmaker Lürssen discussed Egypt’s shipbuilding industry and modernizing…
Palm Hills appoints Hazem Badran, Tarek Tantawy as new co-CEOs
Palm Hills Development has appointed former CI Capital co-CEOs Hazem Badran and Tarek Tantawy (LinkedIn) as new co-CEOs and managing…
Sodic, Ibnsina report higher net incomes, OIH narrows net losses
EARNINGS WATCH- Sodic’s bottom line surged over three-fold in 1Q2021, reaching EGP 100 mn after tax and minority interest, from…
Also on our radar on 30 May 2021
TMG subsidiary the Arab Company for Projects and Urban Development has received a 5k feddan plot of land to build…
CIB, TMG set up real estate SPV for commercial properties
CIB and Talaat Moustafa Group (TMG) established a new real estate SPV, dubbed TCA Properties, during 1Q2021, the bank said…
Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr
China’s Dongfeng has upped its planned investments in a plan to locally assemble EVs with El Nasr Automotive to USD…
Fawry sees bottom line surge in 1Q2021
The EGX30 rose 0.75% at today’s close on turnover of EGP 1.29 bn (2.2% above the 90-day average). Foreign investors…
Not a developer? No land for you.
Looking to put up a building in a new city? You’ll need to be a real estate developer to get…
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