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SODIC’s net income up 89% y-o-y for 4Q2021
Real estate giant SODIC’s net income nearly doubled during 4Q 2021, rising 89% y-o-y to EGP 518 mn, according to…
Housing and Development Bank, Palm Hills report rise in net income
Housing and Development Bank’s (HDB) net income rose 5% in 4Q 2021 to EGP 396 mn, according to the bank’s…
THIS MORNING: Global shares slipping into correction territory
Good morning, friends and welcome to another really busy news day. Before we get this show on the road, a…
Real estate brokers face new prospect of regulation
Real estate brokers could soon face regulatory scrutiny after the House of Representatives approved in principle amendments to the law…
Egyptian gas exports to Lebanon are waiting on Washington + valU expands partnership with Waffarha
Gas supplies to Lebanon waiting on “final” US approval + World Bank financing: Cairo is “waiting for the final green…
Compass Capital-owned real estate developer Bonyan acquires 6 East Cairo office buildings
Compass Capital-owned real estate developer Bonyan for Development and Trade has acquired six office buildings in East Cairo to expand…
Proptech startup Nawy secures fresh seed investment
Proptech startup Nawy has raised an undisclosed investment in a bridge funding round led by the Sawiris family office, Nawy…
Aldar could target retail + education acquisitions in Egypt
Egyptian retail + education assets could be in Aldar’s crosshairs: Aldar Properties will spend at least AED 5 bn (c.…
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