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EGP strengthens on parallel and derivatives markets
Twelve-month NDFs saw the USD-EGP rate decline 11.5% throughout the day to 57.5 after the news of the ADQ sale…
How will we use the cash? Clearing the backlog, paying foreign partners top the list
Brace for a “modest” devaluation — if the IMF facility comes through, policymakers will have four years of runway when…
ADQ acquires development rights to Ras El Hekma for USD 24 bn, will invest a further USD 11 bn in “real estate and other prime projects”
Ras El Hekma will be transformed into a “next-generation city,” housing tourism, urban, commercial, and recreational spaces
UAE’s UDC to invest EGP 60 bn in a mixed-use development project. PLUS: NHMC is building a USD 300 mn medical and educational complex
UDC’s project will feature residential, administrative, entertainment, commercial, and hospitality units
THIS EVENING: NUCA awards land plots for two developments in Shorouk + Andalusian Garden
Good afternoon, folks and happy almost-THURSDAY. It’s a busy Wednesday here at home, despite having a calmer start to the…
Beltone Holding enter collaboration agreement with Bank of Africa Group. PLUS: Arab Organization for Industrialization, Turkish-Egyptian hospital in the new capital
The agreement marks a “key milestone in our regional expansion journey,” said Beltone Deputy Group CEO and Head of Investment…
EKH wants in on the state’s privatization program. PLUS: Sawari Ventures USD 150 mn fund, Evolve gold investment fund, Fincart KSA HQ, Tamar ups production, Marakez loan
EKH also wants to set up electricity distribution stations under build-own-transfer agreements with the government
Developers are eyeing risk contracts to cope with unpredictable construction cost increases
Property risk contracts are being considered to for developers to hedge against soaring construction costs
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