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Infrastructure 
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…
More leasing, please.
GlobalCorp Financial Services is in talks with seven banks to borrow at least EGP 1.4 bn to back its leasing…
Sodic mulls securitized bond sale as Aldar continues DD
Sodic is reportedly planning to go to market with an offering of securitized bonds “in the next few weeks,” Al…
Earnings Watch: Orascom Development, Arabian Cement, AT Lease
Orascom Development Egypt’s saw an almost 5x rise in net income in 1Q2021, reporting (pdf) this morning EGP 438.5 mn…
Deadline for compliance with North Coast land regs extended till years end
Real estate developers have until the end of the year to settle their reconciliationfees to regularize the status of their…
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