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Cabinet approves EGP 10 bn securitization issuance and new investment zone in New Aswan
CABINET WATCH- Cabinet approves EGP 10 bn securitization issuance and new investment zone in New Aswan: The cabinet of Prime…
Executive regs to settle fines for building violations in Egypt coming soon
LEGISLATION WATCH- Exec regs for temporary law to settle building code violations will be issued soon: The executive regulations for…
Mariout Hills announces EGP 2.4 bn “eco-city” on Egypt’s north coast
Mariout Hills Development is launching their first “eco-city” on Egypt’s north coast, with estimated investments of EGP 2.4 bn during…
NACCUD prepares to tender land for hotel development
The New Administrative Capital Company for Urban Development (NACCUD) is set to launch the first land tender for hotels in…
Egypt’s state-owned HHD sells 1980 feddan land in Sheraton, New Cairo
Heliopolis Housing and Development (HHD) sold a 1,980-feddan land plot in Sheraton, Heliopolis, for EGP 99.3 mn at auction on…
Tawfik: HHD to IPO in 4Q2019 or seek help from strategic investors
IPO WATCH- Stake in Heliopolis Housing could be sold to a strategic investor: The Public Enterprises Ministry is working with…
Gov’t looks to private sector to save 150 of Egypt’s 20th century buildings
The government is working on a plan to enlist the private sector to renovate and lease out some 150 ailing…
Orascom Development Egypt renegotiates terms on 2016 syndicated facility
Samih Sawiris’ Orascom Development Egypt (ODE) has reached an agreement to amend the payment terms of a syndicated loan it…
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