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Logistics (MENA) 
SODIC net income up 19% in 3Q 2022
Real estate developer SODIC’s bottom line rose 19% y-o-y in 3Q 2022 to EGP 142 mn, according to the company’s…
The 2036 Olympics could be coming to a new administrative capital near you
Egypt could be vying for a bid to host the Olympics in 2036 — how prepared are we? Hosting the…
SODIC offers to buy O West developer ORE for EGP 2.46 bn
SODIC is making a bid to acquire Orascom for Real Estate (ORE). The upmarket real estate developer has submitted a…
THIS EVENING: SODIC bids for Orascom for Real Estate + State ownership policy document coming in “weeks,” Madbouly says
Happy hump day, wonderful people, and what a news dump day it is. There’s a little bit of everything happening…
Real estate player Seqoon secures USD 500k in pre-seed round + B2B services marketplace Unlock lands first round of funding
Two local startups — one in real estate, the other in B2B services — announced six-figure funding rounds yesterday. Real…
Real estate developers call on gov’t to expand financing options ahead of economic conference
Real estate players should tune in to the government’s economic conference: Prime Minister Mdbouly said there would be a dedicated…
Egypt in the News: NYT scrutinizes the new capital
Funding the new capital: The New York Times is out with a feature examining what it thinks is the USD…
Proptech startup Partment secures USD 1.5 mn in pre-seed round
Proptech startup Partment secured USD 1.5 mn in a pre-seed round led by Nclude Fintech Innovation Fund and Plus Venture…
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