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NUCA to conduct market studies before offering co-development land plots
The New Urban Communities Authority (NUCA) is conducting market studies before moving ahead with land tenders for the third phase…
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Earnings watch: Sodic, EFG Hermes, MNHD, Telecom Egypt
EARNINGS WATCH- Sodic net income grows 9% y-o-y in 2Q019, revenues double: Sodic recorded a 9% y-o-y increase in net…
UAE’s Aldar Properties eyes investments in Egypt
INVESTMENT WATCH- UAE’s Aldar Properties eyes investments in Egypt: Abu Dhabi-based real estate company Aldar Properties is eyeing the Egyptian…
Porto Group investing EGP 7.7 bn in Porto October
Real estate developer Porto Group is investing EGP 7.7 bn in its Porto October project west of Cairo, Chief Marketing…
Suez Canal, foreign reserves, new cities and chicken kept talking heads busy last night
Egypt getting its money’s worth in Suez Canal gains: A cabinet infographic showing a 5.4% jump y-o-y in Suez Canal…
Earnings: Emaar Misr turns loss of EGP 324.3 mn in 3Q2019
EARNINGS WATCH- Emaar Misr turned net losses of EGP 324.3 mn in 2Q2019, down from a net profit of EGP…
Six Egyptian banks begin disbursing EGP 3.1 bn loan to Samcrete
Six local banks — the National Bank of Egypt, Banque Misr, Banque du Caire, SAIB Bank, Suez Canal Bank, and…
Tatweer Misr says North Coast’s Fouka Bay investments worth EGP 4 bn
Tatweer Misr is investing an estimated EGP 4 bn in its Fouka Bay project on the North Coast, excluding land…
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