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Eight local, international companies bid for new capital solar tender
Eight local and international companies have submitted bids for a tender to install solar panels on 64 buildings in the…
Real estate
Marakez signs EGP 395 mn loan with Emirates NBD Egypt for new Ikea store
Fawaz AlHokair Group’s Marakez has signed a EGP 395 mn long-term loan agreement with Emirates NBD Egypt to finance a…
Egyptian Resorts Company to invest EGP 15 bn in new Sahl Hashish marina
INVESTMENT WATCH- ERC to invest EGP 15 bn in new marina complex in Sahl Hasheesh: Egyptian Resorts Company (ERC) is…
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…
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…
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