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Cabinet approves USD 500 mn World Bank loan for Egypt’s social housing
CABINET WATCH- Ministers approve World Bank social housing loan: The Madbouly Cabinet signed off on the USD 500 mn loan…
Real estate
Earnings watch: CIRA, Emaar Misr, Americana Egypt report results
EARNINGS WATCH- Cairo for Real Estate and Investment’s (CIRA) net profit soared 75% y-o-y to EGP 221.1 mn in its…
Ora Developers looking to borrow EGP 1 bn from six banks
Ora Developers is negotiating with six banks to borrow over EGP 1 bn to finance the first phase of its…
Three banks to give Misr Italia EGP 650 syndicated loan
Misr Italia Real Estate Group is set to receive a syndicated loan worth EGP 650 mn from Al Ahli Bank,…
MNHD to rent Sarai land plot to Total Egypt for 25 years
Madinet Nasr for Housing and Development’s board has agreed to rent a 3k sqm plot in its Sarai development to…
Castle Development to list shares on EGX by 2021
IPO WATCH- Real estate developer Castle Development plans EGX listing in 2021: ABC Construction Company subsidiary Castle Development is planning…
Egypt to establish EGP 6 bn company to manage monorail project
Egypt will set up a new EGP 6 bn company to manage the monorail project, Planning Minister Hala El Said…
Earnings watch: HHD profits rise 42% in FY2018-2019, Obour land reports 3Q profits
EARNINGS WATCH- Real estate company Heliopolis Housing’s net profit was up 42% in FY2018-2019 to EGP 376.4 mn from EGP…
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