NBE to Finance EGP 300M in a Syndicated Loan of EGP700M to Real Estate Project

• Monday, 29th August 2016
• by Heba Eid

The National Bank of Egypt agreed to co-finance a real estate company with EGP 700 million towards an EGP 2 billion project.

Hyde Park Offers 9 Construction Tenders to Accelerate Development

• Monday, 29th August 2016
• by Heba Eid

Hyde Park Real Estate Investment company is offering a total of nine construction tenders to hasten the construction and finishing of residential units in its projects.

Engaz Seeks 1,000 Acres in Fayoum

• Thursday, 25th August 2016
• by Heba Eid

Engaz for Real Estate Investment and Development is seeking 1,000 acres of land from the 1.5 million acres offered in Southern Fayoum.

PACT to Promote Second Phase of White Bay Project

• Thursday, 25th August 2016
• by Heba Eid

PACT Real Estate Group, an Egypt-based property developer, plans to promote 125 new units by the end of 2016, said Moaaz Wessam, PACT Managing Director.

5 MOU Signed for Capital Group’s Al Burouj Project

• Thursday, 25th August 2016
• by Heba Eid

Capital Group Properties (CGP), a subsidiary of Abu Dhabi Capital Group, signed five memoranda of understanding (MOU) with local and international organizations to implement the Al Burouj project.

Al Ahly to Open Saudi Arabia Branch Within 4 Months

• Wednesday, 24th August 2016
• by Heba Eid

Al Ahly For Real Estate Development Company, an Egypt-based real estate developer, will open a new office branch in Saudi Arabia within four months.

HELI Offers 32 Buildings for Sale

• Wednesday, 17th August 2016
• by Heba Eid

Heliopolis Company for Housing and Development, an Egypt-based construction company, will offer 32 residential buildings up for sale in Sheraton and Nozhat Al-Obour City at a total cost of EGP 200 million, said Khaled Marasi, HELI Managing Director.

PACT Signs Contract with Cisco for its White Bay Project

• Wednesday, 17th August 2016
• by Heba Eid

PACT Real Estate Group, an Egypt-based real estate firm, signed a contract with Cisco, an international IT company, to provide technological equipment and infrastructure for the White Bay project in the North Coast.

Orascom Incurs EGP 168 M Loss in Q2 2016

• Wednesday, 17th August 2016
• by Heba Eid

Orascom Development Holding turned an EGP 168 million loss in the second quarter of 2016, the company's consolidated financial results showed.

El Obour Real Estate Turns Profit in H1 after Losses in 2015

• Tuesday, 16th August 2016
• by Heba Eid

El Obour Real Estate Investment (OBRI), an Egypt-based real estate developer, turned a profit for the first half of 2016, revealed a bourse statement.