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Gov’t considers establishing fund to support middle-income housing
The government is mulling setting up a fund to support mortgages for middle-income earners, according to a cabinet statement released…
Real estate
Emaar Misr negotiating over Sheikh Zayed plot status
Real estate developer Emaar Misr is still negotiating with authorities over paying fees levied after it changed the purpose of…
Mortgage Finance Fund to receive USD 60 mn loan from World Bank in June
The Mortgage Finance Fund (MFF) will receive c.USD 60 mn from the World Bank this June, Chairman Mai Abdel Hamid…
Housing minister discusses social housing and utilities projects
Housing Minister Essam Al Gazzar met yesterday with representatives from several local and international companies focussed on utilities development projects…
SODIC signs purchase agreement for 500-acre plot in Egypt’s Sheikh Zayed
SODIC lands 500-acre plot in Egypt’s Sheikh Zayed: SODIC signed on Thursday a EGP 15.3 bn purchase agreement with the…
Egypt’s NUCA names managers of planned EGP 10 bn bond securitization
The New Urban Communities Authority has selected EFG Hermes, CIB, National Bank of Egypt, and Arab African International Bank to…
Global Lease to borrow USD 10 mn from EU-based funds to diversify sources
Global Lease is planning to borrow USD 10 mn from two unnamed European lenders this year to diversify its financing…
Egypt wants to subject real estate payment plans to FRA oversight
LEGISLATION WATCH- Gov’t wants to subject real estate payment plans to FRA oversight: Installment-based payment plans for real estate could…
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