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What we’re tracking this week and beyond
Pitch for a spot in Fintech Cairo: Pharos’ Pride Capital has launched Fintech Cairo in partnership with global seed program…
Real estate
Heliopolis Housing profit and revenue drop as sales plummet
EARNINGS WATCH- Real estate company Heliopolis Housing’s net profit was down 88.6% in 1Q2018-2019 to EGP 8.7 mn from EGP…
Moves: Compass appoints Tarek Rahman as managing director
MOVES- Private equity firm Compass has appointed Tarek Abdel Rahman (LinkedIn) as managing partner, according to a press release. Abdel…
OUD, El Mostakbal to co-develop 200 feddans in Mostakbal City
Orientals for Urban Development (OUD) is set to sign an agreement with El Mostakbal for Urban Development to co-develop 200…
Parliament overhauls proposed amendments to Real Estate Tax Act
LEGISLATION WATCH- Parliament changes-up proposed amendments to Real Estate Tax Act: The House Housing Committee has completed drafting a revised…
Speeding up progress on SWF; impact of zero tariffs on EU cars; Kuwaiti MP is mad at Nabila Makram Ebeid
Making use of untapped state-owned assets and the establishment of Egypt’s sovereign wealth fund were of much interest to the…
Porto Group, El Mostakbal to invest EGP 11.9 bn to co-develop Porto City
Porto Group and El Mostakbal will invest EGP 11.9 bn to co-develop Porto City, for which the two companies signed…
What we’re tracking this week and beyond
Amendments to Real Estate Registry Act coming: The Madbouly Cabinet is planning to introduce a bill to the House of…
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