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What we’re tracking on 9 August 2020
Good morning, friends, and welcome to another late-summer workweek. It’s the last full week before some of our readers send…
Emaar Misr obtains approval for EGP 11.5 bn Cairo Gate project
Emaar Misr has obtained Housing Ministry approval for the blueprint of its EGP 11.5 bn CairoGate residential project in Sheikh…
Acquisition talks between OIH, Qatari Diar for City Gate project end without agreement
M&A WATCH- Talks that could have seen Naguib Sawiris acquire City Gate from developer Qatari Diar have collapsed after the…
Earnings Watch: Centamin Mining, Ezz Steel, Juhayna, Amer Group, MNHD, ERC
EARNINGS WATCH- Centamin Mining pre-tax profits surge on rising gold prices, higher production: Centamin Mining’s pre-tax profits soared by 221%…
Earnings watch: TMG, Credit Agricole
EARNINGS WATCH- Talaat Moustafa Group (TMG) reported a drop in net income to EGP 705 mn in 1H2020, compared to…
HHD extends contract to co-develop New Heliopolis land with Sodic
HHD extends contract to co-develop New Heliopolis land with Sodic: State-owned Heliopolis Housing and Development’s (HHD) board of directors agreed…
Real estate developers oppose VAT on non-residential properties
LEGISLATION WATCH- Real estate developers oppose VAT on non-residential properties: Real estate developers have pushed back on proposed legislative amendments…
Sodic boss expects Egypt’s real estate sector to recover starting 2H2020
Sodic boss expects real estate to stage recovery starting 2H2020: Property sales could start bouncing back throughout the second half…
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