Heliopolis Housing Board Nods to Financial Lease Worth EGP 100 mn

• Wednesday, 7th June 2017
• by Menna A. Farouk

Egyptian construction company Heliopolis Company for Housing and Development’s BoD gave the go-ahead to a financial lease worth EGP 100 mn with Global Leasing Company (GLC), Invest-Gate reports.

Remco to Sell All Stella Heights Units Before Year-end

• Wednesday, 7th June 2017
• by Nayrouz Talaat

Remco Tourism Villages Construction is to finish marketing all units of the Stella Heights project by the year’s end, Invest-Gate reports.

Heliopolis Housing to Establish Joint Stock Firm

• Monday, 5th June 2017
• by Nayrouz Talaat

Heliopolis Company for Housing and Development’s Board of Directors approves establishing a joint stock firm with issued capital of EGP 240 mn and paid-up capital worth EGP 24 mn, Invest-Gate reports.

SODIC to Launch New Heliopolis Phase I end 2017

• Monday, 5th June 2017
• by Nayrouz Talaat

Egypt’s property developer, SODIC, announces construction work to begin in its latest flagship New Heliopolis in New Cairo end 2017, Reuters reports

Amer, Porto Ink Deal with Tharwa Capital to Issue Bonds

• Sunday, 4th June 2017
• by Menna A. Farouk

Egyptian real estate developers Amer Group Holding and Porto Group sign an agreement with Egyptian financial investment and advisory firm Tharwa Capital to issue securitization bonds for their real estate portfolios amounting to EGP 233 mn and EGP 48 mn respectively, Invest-Gate reports.

Egyptian Resorts Company Swings to Profits in Q1

• Thursday, 1st June 2017
• by Menna A. Farouk

Egyptian Resorts Company (ERC) posts consolidated net profits of EGP 66.08 mn during the first quarter of 2017, against losses worth EGP 1.42 mn in the prior-year period, Invest-Gate reports.

Marseille Sets Up New Asset Management Firm

• Thursday, 1st June 2017
• by Menna A. Farouk

Egyptian real estate investment company Marseille Almasreia Alkhalegeya for Holding Investment is contributing to the establishment Marseille Asset Management Company Marseille Asset Management Company with a licensed capital of EGP 2.5 mn, Invest-Gate reports.

Remco For Tourism Village Construction Losses Decline in Q1

• Wednesday, 31st May 2017
• by Nayrouz Talaat

Remco for Tourism Village Construction Company’s standalone net loss declines in the first quarter of 2017 by 43.55% to stand at EGP 22.4 mn, compared to EGP 24.7 mn a year ago, Invest-Gate reports.

Three Property Insurers Vying to Win Egypt GASCO’s Insurance Policy Tender

• Tuesday, 30th May 2017
• by Nayrouz Talaat

Three insurers are competing to win a property insurance policy tender launched by the state-run Egyptian Natural Gas Company (GASCO), Invest-Gate reports.

Emaar Misr Launches Fountainside Residence in Uptown Cairo

• Tuesday, 30th May 2017
• by Nayrouz Talaat

Emaar Misr announces the launch of the first phase of Fountainside Residence in Uptown Cairo on May 24, Invest-Gate reports.