News / Developers

Misr Italia Rewards Clients with ‘Loyalty Program’

Misr Italia Properties (MIP) has launched new e-services through the latest "Loyalty Program," kicking off in collaboration with Egypt’s digital payments company Fawry.

NHPS Nods EGP 605 mn Offer to Sell Le Méridien Heliopolis

The National Company for Housing for Professional Syndicates (NHPS) has approved on December 26 an offer submitted by IMEX International to the National Bank of Egypt (NBE) to purchase Le Méridien Heliopolis.

SODIC, CIB Ink EGP 1 bn Facility to Finance EDNC

Egypt’s Sixth of October for Development and Investment Company (SODIC) has announced that its wholly-owned subsidiary, SOREAL, signed a medium-term facility worth EGP 1 bn with Commercial International Bank (CIB) to partially finance a non-residential project in East Cairo

InterContinental Eyes Tunisia Debut, Expansion in Egypt

InterContinental Hotels Group (IHG), one of the world's leading hotel companies, is planning to further expand its presence in Egypt and set foot into Tunisia as tourism in both North African countries recovers.

Nakheel Inaugurates 2nd Hotel at Dubai’s Dragon City

Dubai-based Nakheel has inaugurated the second hotel at Dragon City, or the 304-room Premier Inn, marking another key milestone in the developer’s hospitality business strategy.

Emaar Opens Sky View Hotel in Dubai

UAE’s Emaar Hospitality Group, a wholly-owned subsidiary of Emaar Properties, officially opened on December 22 its newest hotel, Address Sky View, in the heart of Downtown Dubai

MNHD Closes EGP 370 mn Securitization Transaction

Madinet Nasr Housing Development (MNHD) closed on December 19 an EGP 370 mn securitized bond issuance by Financial Group for Securitization Company (FGS)

Schneider Global CEO Reviews IL Monte Galala Construction

Schneider Electric’s Global CEO and Chairman Jean-Pascal Tricoire has paid a visit to Tatweer Misr's flagship development in Ain Sokhna, named "IL Monte Galala," to witness construction updates on-site.

Rooya Group Releases Stone Street in New Cairo

Rooya Group has released a new mixed-use project, called “Stone Street,” as part of its flagship project in New Cairo, or the "Stone Development."

SODIC’s New Zayed Project Draws EGP 1 bn Sales

Egypt's Sixth of October Development and Investment Company (SODIC) has sold out EGP 1 bn worth of units at its New Zayed project, called “VYE," in 48 hours only due to the high demand.

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