News / Investment

DHCU To Spend EGP 2 Bn on Water Infrastructure Projects in 2023

Development and Housing Company for Utilities (DHCU) plans to invest EGP 2 bn on drinking water, sanitation, and wastewater treatment projects this year, DHCU's Chairman Hassan Al-Far said, Invest-Gate reports.

Hometown Developments Inks Exclusive Deals with 50 International Brands for New Capital Projects

Hometown Developments announced its collaboration with 50 international brands specialized in the fields of fashion, restaurants, and entertainment for its three projects at the New Administrative Capital (NAC), Invest-Gate reports.

Dubai Branded Homes Draw European Buyers With Luxury Prices

Branded residences have become a hot segment in Dubai's real estate market, with a report showing the emirate has the highest concentration in Europe and the Middle East, Invest-Gate reports.

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.

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