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Infrastructure 
NUCA borrows EGP 10 bn for infrastructure projects
The New Urban Communities Authority (NUCA) has borrowed EGP 10 bn from a consortium of banks to finance infrastructure projects,…
Qatari Diar offers olive branch to litigious City Gate clients
Qatari Diar offers City Gate customers quid pro quo: Qatari Diar has offered amended contract terms to clients of its…
House committee approves changes to income tax bands
LEGISLATION WATCH- House committee approves changes to income tax bands: The House Planning and Budget Committee yesterday approved changes to…
Ashraf Salman appointed as City Edge Chairman, Ahmed Wehashi joins board
MOVES- Ashraf Salman appointed City Edge chairman, Ahmed Wehashi joins board: The City Edge board has approved the appointment of…
Palm Hills negotiates EGP 500 mn loan to refinance debts
Palm Hills Developments (PHD) is negotiating with Ahli United Bank to obtain a loan of EGP 500 mn in order…
NACCUD, Orange Egypt sign contract to establish new capital data center
The New Administrative Capital for Urban Development Company signed a USD 135 mn contract with Orange Egypt to establish, operate…
Heliopolis Housing to extend management rights contract to 10 years
PRIVATIZATION WATCH- HHD to extend management rights contract to 10 years: State-owned Heliopolis Housing and Development (HHD) has decided to…
Hussein Shoukry resigns from SODIC board
MOVES- Hussein Shoukry resigns from SODIC board: HC Securities Chairman Hussein Shoukry has submitted his resignation from the SODIC board…
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