News / Investment

Dubai’s Real Estate Transactions Reach AED 10.6 Bn in A Week

Real estate transactions in Dubai Land Department have exceeded AED 10.6 bn, as the department recorded 2,456 sales worth AED 7.66 bn this week, Invest-Gate reports.

Arab Bank Group Reports 59% Profit Growth in H1 2023

Arab Bank Group reported solid financial results for the first half (H1) of 2023, driven by strong growth in its core banking business across different markets, Invest-Gate reports.

Beltone To Commence Trading of Rights Issue’s Shares

Beltone Financial Holding, one of the fastest-growing investment banks, has announced the successful completion of all legal procedures required to issue and list 5,000,000,000 ordinary shares of its EGP 10,000,000,000 Rights Issue, following laws and regulations, Invest Gate reports.

SODIC’s Gross Sales Hit EGP 8.2 Bn in H1 2023

Sixth of October Development & Investment Company (SODIC) has revealed its financial results achieved in the year's first half (H1), which ended on June 30, 2023, Invest-Gate reports.

Billion-Dollar Real Estate Sales Recorded in Dubai’s Burj Khalifa Area

During the first half of 2023, Burj Khalifa area in downtown Dubai recorded 2,454 real estate sales transactions worth AED 10 bn, achieving an 11% growth compared to the same period last year, which recorded property sales worth AED 9 bn, Invest-Gate reports.

Egy Tower Finalizes Hotel Management Deal for EINS Towers with German Management in NAC

A delegation from the board of directors of Egy Towers traveled to Germany to hold intensive meetings with representatives of the Europe Hotel Management to manage and operate the hotel rooms, Invest-Gate reports.

Capital Group Properties Raises Capital by EGP 772 Mn to Accelerate Al Burouj

Capital Group Properties (CGP), a major property developer in Egypt, raised its capital by EGP 772 mn in July as part of its plans to step up the pace of construction at its Al Burouj residential community in East Cairo, one of the largest integrated residential projects in the area, Invest-Gate reports.

Cairo’s Office Sector Adds 37.5k Sqm GLA in Q2 2023: JLL

In Q2 2023, Cairo’s office sector saw only one notable project completion, adding about 37,500 square meters of office gross leasable area and bringing the total stock to around 1.94 million sqm, according to JLL's The Cairo Real Estate Market overview report.

Arab Contractors for Facilities Management, JK Facilities Link Up to Expand in Project Management

Arab Contractors for Facility Management and JK Facilities, specialized in managing commercial centers and malls, signed a cooperation agreement to expand in the field of projects and facilities management, and exchange experiences in Egypt, Africa, and the Middle East, Invest-Gate reports.

Counsel Masters to Start Delivery in 2nd Phase of Mamsha Ahl Masr in 6 Months

Counsel Masters real estate company announced that bookings and deliveries of the EGP 800 mn second phase of the Mamsha Ahl Masr ' Walk of the Egyptian People' project will start in six months, Invest-Gate reports.

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