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ODH delisting not subject to Swiss takeover law
Orascom Development Holding (ODH)’s voluntary delisting of all its Egyptian Depository Receipts on the EGX are not subject to Swiss…
Real estate
Five companies to compete over largest tourism resort
Amer Group and Travco are among five companies that intend to bid for the rights to develop what is being…
Al Montazah threatens to sue Qatari Diar over Sharm El Sheikh project
Qatari Diar’s hold up with the City Gate project is reportedly having an impact on its other projects. State-owned Al…
Misr Italia Group to sue the TDA?
The Misr Italia Group is reportedly planning to sue the Tourism Development Authority (TDA) for ‘ignoring’ its request to amend…
SODIC nearing official bid on 250 feddans in Dream Land
SODIC is reportedly close to presenting an official bid to acquire 250 feddans in Dream Land owned by National Bank…
PHD expects revenues to rise in 2017, sees sector stabilizing within three quarters
Palm Hills Developments (PHD) expects a “jump in sales” in 2017, Chairman Yasseen Mansour told Bloomberg. PHD is targeting EGP…
GAFI to tender 10 mn sqm in Red Sea governorate for tourism, industrial projects
The General Authority for Investment and Free Zones (GAFI) is expected to auction off 10 mn sqm in the Red…
Golden Gate Real Estate partners with Kuwaiti investors to establish EGP 200 mn company
Egypt’s Golden Gate Tourism and Real Estate is partnering with Kuwaiti investors to establish a EGP 200 mn company for…
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