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MasterCard looking to work with Egypt to make new capital first “cashless” city
MasterCard is looking to collaborate with the CIT Ministry to develop advanced digital payments infrastructure in the new capital, Chairman…
Real estate
SODIC’s land has no real exposure to presidential decree
Real estate developer SODIC’s total land bank currently sits at 15.9 mn sqm, the company said, according to Al Mal.…
FinMin denies plans to repeal real estate tax exemption for private homes in Egypt
FinMin denies it has plans to repeal real estate tax exemption for private homes: The Finance Ministry issued a statement…
Al Marasem in talks with banks for EGP 1.6 bn Islamic finance
Al Marasem International for Development is in talks with several banks to get an EGP 1.6 bn Islamic loan to…
Alassema Real Estate to invest EGP 350 mn in new capital medical project
Alassema Real Estate is planning to invest EGP 350 mn in its Medical Capital Center project in the new administrative…
Egypt to repeal real estate tax exemptions for private homes, provide preferential treatment for hotels, factories, oil and gas
EXCLUSIVE- The Great Real Estate Tax Debate of 2018 is about to roll forward into 2019. Readers may recall the…
Egypt’s Cabinet greenlights Consumer Credit Act
CABINET WATCH- Cabinet greenlights Consumer Credit Act: The Madbouly Cabinet approved yesterday the draft Consumer Credit Act, which would govern…
Emaar Misr denies MNHD acquisition talks
M&A WATCH- Emaar Misr says not looking to acquire MNHD: Emaar Misr for Development has denied it is in talks…
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