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Also on our Radar on 16 March 2021
Palm Hills is bringing the UK’s King’s College brand to Egypt: Palm Hills Development (PHD) has partnered with multinational schools…
GSK Egypt rejects Acdima’s bid to start due diligence, closing the door to a sale
GlaxoSmithKline Egypt’s board of directors has rejected a request submitted by Acdima to start due diligence on the company, GSK…
USD 2.5 bn of Saudi investment in five years + Meamar launches healthcare unit
Sharbatly Group pouring USD 2.5 bn into Egypt? Saudi investor Hassan Sharbatly plans to invest some USD 2.5 bn in…
The reckoning is near
All 3.16 mn building code violations across the country are on track to be settled with the government by the…
Are we getting 30-year, 3% mortgages?
Low- and middle-income earners will have access to EGP 100 bn-worth of subsidized mortgages, courtesy of the Central Bank of…
UAE’s Aldar makes offer for majority stake in Sodic
The UAE’s Aldar wants a controlling stake in Sodic: Emirati real estate firm Aldar Properties has submitted a non-binding offer…
Of tax breaks and loopholes
The loophole that gave tax breaks to state institutions investing in government debt is now officially closed after President Abdel…
TMG Holding income falls 11% in 2020
Talaat Moustafa Group’s (TMG) net income declined 11% in 2020 to EGP 1.7 bn, compared to EGP 1.9 bn a…
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