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On our radar for 27 December 2020
Egypt is soon getting the final tranche of a Chinese loan to finance the new capital’s business district, cabinet said…
Is B Investments partially exiting Total Egypt?
Is B Investments close to offloading part of its Total Egypt stake? B Investments denied it has reached an agreement…
What the markets are doing on 22 December 2020
After months of stalled progress, US congressional leaders finally agreed on a new USD 900 bn stimulus bill — which…
SODIC clients can now pay online with AAIB
Upmarket real estate developer Sodic will now have an online payment gateway available for its clients after signing an agreement…
Tons and tons of M&A news
Greek energy company Energean has completed the acquisition of Edison’s energy portfolio, which includes substantial oil and gas assets in…
Partnering with the state on affordable housing?
Private-sector real estate developers can work on government-sanctioned social housing projects under a cabinet decision. Homes developed by the private…
Sodic’s Karmell first phase sells out on launch day
Sodic sold all of the units in the first phase of its new residential project Karmell on launch day, according…
ODH sells affordable housing arm
An unnamed UK-based fund has acquired 100% of New City Housing and Development for EGP 365 mn, Al Mal reports…
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