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US consortium gets EGP 3.5 bn Mogamma revamp contract
US-led consortium tapped for Mogamma overhaul: A consortium of US-based GlobalVentures and Oxford Capital together with the UAE’s Al Otaiba…
SODIC is officially getting Emirati owners
The Aldar / ADQ takeover of SODIC is going through: SODIC shareholders have so far agreed to sell shares equivalent…
Under a watchful eye
Real estate developers may soon be coming under closer scrutiny after the Madbouly cabinet yesterday greenlit new regulations designed to…
A final offer?
The Emirati consortium bidding to acquire upmarket developer SODIC will not up its bid again if shareholders reject the price…
Aldar-ADQ acquisition of SODIC approved by FRA
Aldar-ADQ bid for SODIC is one step closer to materializing after getting regulatory green light: The UAE’s Aldar Properties and…
Earnings Watch: SODIC, IDH, Palm Hills, MM Group, Vodafone Egypt
Upmarket real estate developer SODIC saw a 75% drop in net income during 3Q2021 as revenues declined due to timing…
Ora plans USD 1 bn Africa expansion + Sawiris pivots to battery metals
Naguib Sawiris’ Ora Developers is planning to invest at least USD 1 bn over the next five years to increase…
THIS MORNING: What’s happening with Aldar-ADQ’s play for SODIC? US inflation at 30-year high; Deadline for Anghami SPAC merger.
Good morning, wonderful people. We’ve nearly made it through another workweek together, and our reward is a blockbuster issue on…
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