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Banque du Caire acquires 20% stake in Egy Serv
M&A WATCH- Banque du Caire acquires 20% of Egy Serv: Banque du Caire (BdC) has acquired a 20% stake in…
Palm Hills signs EGP 1.1 bn medium-term loan agreement with CIB to refinance debt
DEBT WATCH- Palm Hills Developments (PHD) has signed a EGP 1.1 bn medium-term loan agreement with CIB to refinance some…
CBE to compensate bank lending under EGP 150 bn industrial, mortgage programs
CBE breaks down how it will compensate bank lending under EGP 150 bn industrial, mortgage programs: The Central Bank of…
MBG Development plans EGP 10 bn new capital housing project
MBG Development plans to launch a EGP 10 bn, 100-feddan housing project in the new administrative capital in partnership with…
Egypt’s Housing Ministry approves new mechanism for PPP projects
The Social Housing Fund approved in a board meeting yesterday a new mechanism for partnership on housing projects with real…
Construction of New Suez City, West Port Said to start in 2020
Egypt will begin construction works in New Suez City and West Port Said at the beginning of next year, Deputy…
NUCA, Almanar partner on Greenland compound in Sixth of October
The New Urban Communities Authority has signed a partnership agreement with Almanar Urban Development to build a EGP 1.3 bn…
Earnings watch: HHD profits rise 42% in FY2018-2019, Obour land reports 3Q profits
EARNINGS WATCH- Real estate company Heliopolis Housing’s net profit was up 42% in FY2018-2019 to EGP 376.4 mn from EGP…
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