Dubai-based financial services provider Shuaa Capital expects real estate developers to not raise property prices under the latest round of fuel price hikes, arguing that the increase may reduce demand and eventually lead to a slowdown in sales.
Egypt's Minister of Investment and International Cooperation Sahar Nasr has inked three EGP 125 mn grants with the Saudi Fund for Development (SDF), in a bid to boost financial leasing for small- and medium-sized enterprises (SMEs).
KSA-based Abdullah Al-Othaim Leisure and Tourism Company has introduced its very first snow city concept at City Stars Mall, east Cairo, with investments estimated at EGP 500 mn, allowing visitors to "live-in" a snow milieu all-year-round.
The European Bank for Reconstruction and Development (EBRD) plans to provide USD 200 mn loan to finance building a green shopping and entertainment mall, City Center Almaza, in east Cairo.
The International Islamic Trade Finance Corporation (ITFC) celebrated on July 1 the successful implementation of USD 1.13 bn of trade financing in favor of Egypt.
Property Finder, a real estate digital marketing platform, announced a number of expected variables that will drive more users of electronic platforms, who buy residential units, stimulating their dealings and purchasing preferences.
Egypt is expected to net as much as USD 9.1 bn worth of investments as part of the White House's USD 50 bn Middle East economic plan, which calls for the development of a global investment fund to uplift the Palestinian and neighboring Arab state economies.
Chairman of Egyptian Stock Exchange (EGX) Mohamed Farid said Egypt’s property sector has managed to log a market capitalization of at least EGP 80.2 bn in 2018, with 36 real estate firms listed at an 18% return on equity, emphasizing the pivotal role of listing in real estate development.
Egypt is currently adopting a program that aims to step up local industrialization, under Egypt Vision 2030 and Egypt 2020 Industrial Development Strategy, which provided 248 investment opportunities in only six months, with a market value of USD 20 bn.
Egypt and Japan inked on May 30 an EGP 7.5 mn agreement to back the Egypt-Japan School (EJS), bringing the size of cooperation between both countries in the field of education to USD 285 mn (nearly EGP 4.761 bn)
Page 136 of 179
Get all latest content delivered to your email a few times a month.
Welcome! Login in to your account
Don't have account. Register
Back to Login