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NUCA waives fines on late installments for one month
Property owners are getting a one-month reprieve from late payment fines for properties developed by the New Urban Communities Authority…
Real estate
Last Night’s Talk Shows on 10 November 2020
Finance Minister Mohamed Maait stole the limelight on the airwaves last night, sitting down with Kelma Akhira’s Lamees El Hadidi…
EGX lists fourth tranche of Al Taamir’s EGP 10 bn securitized bond issuance
DEBT WATCH- The fourth tranche of Al Taamir’s EGP 10 bn securitized bond issuance has been listed on the EGX,…
Banque Misr could provide EGP 6.6 bn in sharia compliant loans to seven real estate developers
Banque Misr could provide EGP 6.6 bn in sharia-compliant loans to seven real estate developers, Al Shorouk reports, citing unnamed…
Al Ahly Sabbour breaks ground on new capital mixed-use project
Real estate developer Al Ahly Sabbour broke ground last month on a 200-300 feddan mixed-use project it’s developing in the…
Land in first phase of Egypt’s new administrative capital to be sold by 2022
The New Administrative Capital Company for Urban Development (NACCUD) is planning to sell the remaining 25% of land in the…
Madinet Nasr net profit flat in 9M2020
EARNINGS WATCH- Madinet Nasr Housing & Development’s (MNHD) net profit was flat during 9M2020, falling marginally to EGP 629 mn…
HSBC participates in USD 2.2 bn loan for New Capital Business District
DEBT WATCH- China State Construction locks down USD 2.2 bn loan with HSBC, others for new capital business district: HSBC…
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