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SODIC, ODE end talks for Orascom Real Estate
SODIC submitted a non-binding offer for the firm in October
New rules on acquiring Egyptian citizenship could be a shot in the arm for the real estate industry
Sector could see USD 3-5 bn in inflows in the first year
ODE notches record earnings in 2022
Rising house prices underpin revenue growth
Two state-owned real estate players want to bring in strategic investors
Both firms are on the list of 32 companies earmarked for privatization
![Get the [redacted] out of my building](https://i0.wp.com/ent.news/2021/4/Pointing-fingers-1600px.jpg?fit=1024%2C1024&ssl=1)
Get the [redacted] out of my building
Places of business and residential neighborhoods just don't mix.
Companies no longer need a credit rating to issue bonds + sukuk
There are some caveats.
NUCA to offer cut-price land to investors paying up front in FX
This is one of many attempts to bring more FX into the country.
Last Night’s Talk Shows: A new minimum wage + beware internet scams
The one theme during last night’s talk shows: money, be it the government raising wages, a bn-EGP investment scam, or…
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