Al-Futtaim Signs Deal with Four Banks to Conclude Phase II of Cairo Festival City
Tuesday, 11th July 2017
Dubai-based leading real estate developer, Al-Futtaim Properties, signs an agreement with four banks to borrow EGP 125 bn (USD 69.9 mn) and finance part of the second phase of a giant project east of Cairo, Invest-Gate reports.
Egyptian Banks Pump EGP 2 B in CBE’s Mortgage Initiative
Friday, 8th April 2016
Egypt’s local banks placed EGP 2 billion pounds ($225 million) in the Central Bank of Egypt’s (CBE) low income mortgage initiative in March 2016, Chairman of the Mortgage Finance Fund (MFF), May Abdel Hamid, told Amwal El-Ghad.