Aloula Mortgage Signs Protocol With Central Agency for Reconstruction

• Thursday, 18th May 2017
• by Nayrouz Talaat

Egypt’s mortgage company Aloula signs a protocol with the Ministry of Housing-affiliated Central Agency for Reconstruction to enable more low and middle-income purchasers to obtain housing units in the agency's housing projects, Invest-Gate reports.

Orascom Board Nominates Non-Executive Director

• Thursday, 18th May 2017
• by Menna A. Farouk

Egypt-based construction company Orascom Construction Limited announces that its board has nominated Mustafa Abdel-Wadood for the position of non-Executive Director, Invest-Gate reports.

SODIC Seeks to Buy Land Plots in North, West Cairo

• Thursday, 18th May 2017
• by Nayrouz Talaat

Egypt-based real estate company Sixth of October Development and Investment Company (SODIC) plans to buy new land plots worth EGP 600 mn in north and west Cairo, Invest-Gate reports.

SODIC’s Net Profit Rises 287.8 % y-o-y

• Wednesday, 17th May 2017
• by Nayrouz Talaat

Sixth of October for Development and Investment’s (SODIC) consolidated net profit for the first quarter of 2017 rises by 287.8% to EGP 211.9 mn, versus EGP 54.6 mn for the same period a year earlier, Invest-Gate reports.

Hyde Park Developments Unveils Park Corner Phase II and Plans in the North Coast

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s real estate developer, Hyde Park Developments (HPD), showcases their newest real estate projects during the “Egypt Property Show” (EPS) held from May 5 to 7 at the Dubai World Trade Center, Invest-Gate reports.

Egypt Property Show 2017 Achieves EGP 1 bn Deals

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt Property Show (EPS) 2017 has seen the participation of several Egyptian companies, sealing total sales of EGP 1 bn, Invest-Gate reports.

MNHD Profits Jump 494% in Q1

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) is posting consolidated net profits of EGP 407.2 mn in the first quarter of 2017, a surge of 493.6% y-o-y from EGP 68.6 mn in the same period a year earlier, Invest-Gate reports.

Misr Italia and SECON Purchase Lands at New Administrative Capital

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s property developer, Misr Italia Group, and the Saudi Egyptian Construction Company (SECON) have purchased land plots at the New Administrative Capital spanning an area of 200 and 70 feddans respectively, Invest-Gate reports.

Amer Group Q1 Profit Decreases 6% y-o-y

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt’s real estate developer Amer Group Holding Company posts consolidated net profit of EGP 63.95 mn in the first quarter of 2017, down by 6% compared with EGP 68.07 mn in the same period last year, Invest-Gate reports.

TMG Posts Net Profit of EGP 288.5 mn in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt’s real estate developer Talaat Mostafa Group (TMG) Holding Co. posts consolidated net profit after tax of EGP 288.5 mn in the first quarter of 2017, compared to EGP 207.8 mn in the same period a year earlier, Invest-Gate reports.