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MNHD shareholders reject SODIC’s advance
MNHD shareholders back board, say offer price was too low: Madinet Nasr Housing and Development (MNHD) shareholders meeting in a…
THIS MORNING: CBE odds-on to hike rates this Thursday + Kenya has a new president
Good morning, friends, and welcome to a big news morning. There’s plenty of good news today, including the first tentative…
MNHD revenues double in 2Q 2022
Madinet Nasr Housing and Development’s (MNHD) revenues more than doubled in 2Q 2022 due to a rise in deliveries, it…
Ministers are still working to resolve “controversial” aspects of building violations regs
No agreement on building violation regs: The Madbouly government is still working to resolve differences of opinion over amendments to…
EgyptAir to operate Sharm-Tripoli flights from tomorrow
Other things we’re keeping an eye on this morning: Orascom Development Holding plans to launch two new phases of its…
Aldar could invest USD 1.5 bn in Egypt, Saudi + the UAE over the next year
Emirati real estate giant Aldar Properties still sees potential to invest another USD 1.5 bn in Egypt, Saudi Arabia and…
SODIC reports 54% increase in new sales in 2Q2022
Upmarket real estate developer SODIC reported (pdf) 51% y-o-y growth in revenues to EGP 1.54 bn in 2Q2022 on the…
O West locks in financing worth EGP 1.5 bn to fast-track construction
O West lands EGP 1.5 bn in funding from CIB: Orascom Development Egypt (ODE) subsidiary Orascom for Real Estate (ORE)…
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