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NACCUD completes 70% of new capital infrastructure
The New Administrative Capital Company for Urban Development (NACCUD) has completed 70% of the infrastructure work for the new capital…
Real estate
Heliopolis Housing sells eight Sheraton plots for EGP 66.8 mn
Heliopolis Housing has sold eight plots of land in Sheraton for a total value of EGP 66.8 mn, the company…
Real estate, Afcon dominate the airwaves
Gov’t keen on supporting real estate sector: Prime Minister Moustafa Madbouly’s speech at the Benaa Misr forum was the highlight…
Orascom Development signs debt rescheduling agreement with Egyptian banks
Orascom Development Egypt (ODE) signed a CHF 228.1 mn (EGP 3.8 bn) debt rescheduling agreement with Egyptian banks that will…
Government approves handing Heliopolis Housing management to an investor
M&A WATCH- Gov’t to offer 11% stake in Heliopolis Housing — with management rights: The Public Enterprises Ministry and the…
Earnings watch: Palm Hills, Orascom Investment Holding
EARNINGS WATCH- Palm Hills Development (PHD) reported a 37% y-o-y drop in 1Q2019 net profit to EGP 141.2 mn, down…
Cabinet rolls out amendments to executive regs on real estate funds
REGULATION WATCH- Cabinet amends Capital Markets Act regs on real estate funds: Prime Minister Moustafa Madbouly has issued a decree…
House approves govt-proposed amendments on prosecution, judicial authorities, pensions and non-housing rent
LEGISLATION WATCH- House approves govt-proposed amendments to administrative prosecution, judicial authorities act: Beyond the economy, the House of Representatives voted…
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