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Infrastructure 
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…
Your top infrastructure stories of the week
Your top infrastructure stories of the week: Five cement factories could close this year as covid-19 compounds sector’s woes, officials…
Earnings watch: Ibnsina Pharma, Emaar Misr
EARNINGS WATCH- Ibnsina Pharma has reported a 19.8% increase in 1Q2020 net profits to EGP 50.3 mn, from EGP 42…
PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development
Palm Hills Developments (PHD) has signed a EGP 3.5 bn agreement with Al Shorouk for Touristic Developments to build a…
Earnings Watch: Orascom Development, Eastern Company
EARNINGS WATCH- Orascom Development profits fall 50% in 1Q2020: Orascom Development Egypt (ODE) profits fell 51% year-on-year to EGP 92…
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