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Profits at top 5 real estate firms fall 31% in 2Q2020
Egypt’s five largest listed real estate companies reported a combined drop in profits of around 31% in 2Q2020 as a…
Egypt’s real estate market witnessing robust demand -Fitch
Fitch Solutions sees robust demand in real estate sector fuelled by new developments, office space: Egypt’s introduction of 20 new…
Cabinet greenlights far-reaching changes to Capital Market Act regs
REGULATION WATCH- Changes to MTO rules, how real estate funds operate and guidance on sukuk are highlights of sweeping changes…
Hilton to open in Ain Sokhna in 2024
Misr Italia Properties will deliver the first phase of the EGP 2.4 bn Kai Sokhna real estate project this November,…
What we’re tracking on 2 September 2020
It’s relatively quiet on the news front on this second day of September as the business community begins a two-week-long…
Naguib Sawiris-owned Ora looks to debt market to finance projects
DEBT WATCH- Naguib Sawiris’ Ora Developers is looking to issue bonds and take out more loans to finance its real…
CIB, MNHD sign EGP 1.1 bn syndicated loan agreement
Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr…
Egypt’s PHD to write off LSE-listed GDRs
PHD to write off its LSE-listed GDRs: Palm Hills Development’s (PHD) extraordinary general assembly has approved canceling its London Stock…
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