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Palm Hills signs EGP 365 mn loan with BM, AAIB to finance Hacienda Bay
Real estate developer Palm Hills Developments has signed a EGP 365 mn loan agreement with Banque Misr and the Arab…
What we’re tracking on 28 June 2020
Maybe we’re getting old, but we’re not used to all the noise in the post 9pm hours after months of…
Samcrete looks to borrow EGP 1.7 bn from local banks to work on new cities
Conglomerate Samcrete is in talks with two local banks to arrange a EGP 1.7 bn loan to finance its work…
NUCA to ease payment terms, deadlines for new city investments
The New Urban Communities Authority will ease payment terms and deadlines for property developers and investors in new cities, Housing…
Banque Misr, FEI ink cooperation protocol to extend CBE-backed home loans
State-owned Banque Misr and the Federation of Egyptian Industries’ real estate division have signed a cooperation agreement to expand mortgage…
Earnings watch: Fawry, Porto Group
EARNINGS WATCH- Fawry reports 82% growth in profits in 1Q2020: Profits at e-payment service provider Fawry surged by 82% in…
Homes at Egypt’s new capital R3 district to be delivered by end of 2020
Deliveries at the new administrative capital’s R3 residential district will be complete before the end of the year, New Administrative…
Sakneen raises USD 150k in pre-seed funding from Y Combinator
STARTUP WATCH- Egyptian homebuying online platform Sakneen has raised USD 150k in pre-seed funding from US accelerator Y Combinator, co-founders…
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