News / Government

Dubai Tops Global Rankings in Projected Property Price Hikes

Dubai remains at the forefront of major cities worldwide regarding expected increases in residential property prices for 2023, despite a projected decrease in price growth rate compared to 2022, Invest-Gate reports.

Foreign Real Estate Sales in Turkey Reached 2,801 Properties in July

According to the Turkish Statistical Institute's statement on Tuesday, the total real estate sales in Turkey during July amounted to 109,548 properties, Invest-Gate reports.

ABB Opens Doors to Egyptian Students, Shares Expertise on Renewables

Zurich-based electrical equipment maker ABB Ltd. partnered with the Administrative Capital For Urban Development (ACUD) to train Egyptian university students on sustainable solutions, Invest-Gate reports.

Qatar’s Top 10 Most Expensive Properties Sold in July 2023 Revealed

The latest real estate analytical bulletin issued by Qatar's Ministry of Justice has unveiled the values of the ten most expensive properties sold in Qatar in July, Invest-Gate reports.

Housing Minister Issues Decisions on Construction Violations in New Cities

The Egyptian Minister of Housing, Utilities and Urban Communities, Assem El-Gazzar, issued four decisions to prevent building violations on Al-Warraq Island, the northwest coast, and in the cities of Obour and Sadat, Invest-Gate reports.

Troubles Mount for Chinese Real Estate Giant as Debt Repayment Looms

Country Garden Real Estate Group announced it would suspend trading of 10 local bonds starting next Monday, just two days after its parent company revealed billions of dollars in losses for H1 2023, Invest-Gate reports.

Real Estate Sales in Oman Jump 18.9% in H1 2023

The total value of real estate transactions in Oman increased 18.9% in the first half (H1) of 2023 to OMR 1.40 bln from OMR 1.17 bln a year earlier, according to data from the National Centre for Statistics and Information.

Serving New Cairo and New Capital: Housing Minister Inspects Purification Plant

Egypt's Housing Minister Assem El-Gazzar inspected the drinking water purification plant in New Cairo, which has a design capacity of one mn cubic meters per day, Invest-Gate reports.

ACUD Posts EGP 19.8 Bn Profits Pretax in 2022

The Administrative Capital For Urban Development (ACUD) achieved a pre-tax profits of EGP 19.8 bn during 2022, which accounts for 100% of the company's issued capital, Invest-Gate reports.

El-Gazzar Inspects Progress on $2.9 Bn Tanzania’s Dam Project

Egypt's Housing Minister Assem El-Gazzar inspected progress on the $2.9 bn Julius Nyerere Hydropower Plant and Dam project in Tanzania being implemented by an Egyptian consortium, Invest-Gate reports.

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