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Infrastructure 
Contact to expand in Saudi in 2025. PLUS: News from B Investments, Talaat Moustafa Group, ADIB, Mashreq, Madinet Masr, Idea Verde, Azimut
The investment will fund Basata’s regional expansion plans
CBE issues tighter regulations for financial leasing firms. PLUS: Hassan Allam + Sumou Holding JV, Magic Land Al Hokair, EGP 1.1 bn entertainment project, China hands over satellite center, EGP 1 bn auto assembly plant
The total credit facilities and investments made in the securitization portfolios of leasing companies should not exceed 5% of the…
SODIC ups funds allocated for 2024 projects 66% in anticipation of real estate sector boom following Ras El Hekma announcement
The real estate giant has allocated over EGP 10 bn for projects in 2024
Palm Hills’ annual earnings up 26% in 2023 after doubling sales in 2023. PLUS: TMG income up 44% in 2023
The company’s revenue jumped 28% y-o-y to EGP 17 bn
JLL appoints Ahmed Hemmat as head of projects and developments in Egypt
Hemmat has over 20 years experience in the real estate sector
Madinet Masr nearly tripled its earnings in 2023, saw record sales
The company’s growth was driven by sales at Taj City and Sarai projects
EGP strengthens on parallel and derivatives markets
Twelve-month NDFs saw the USD-EGP rate decline 11.5% throughout the day to 57.5 after the news of the ADQ sale…
How will we use the cash? Clearing the backlog, paying foreign partners top the list
Brace for a “modest” devaluation — if the IMF facility comes through, policymakers will have four years of runway when…
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