News / Investment

Amer Group to Establish EGP 3 bn Touristic Project in Port Said

Chairman of Amer Group Mansour Amer has signed a contract with Major General Adel Al Ghadban, governor of Port Said, to establish a 90-acres integrated touristic project in Western Port Said, with an initial investment of EGP 3 bn

Aldar Properties Raises its Foreign Ownership Limit to 49%

Aldar Properties has raised its Foreign Ownership Limit (FOL) to 49%, from the previous 40%, following shareholder approval at Aldar’s 2018 annual general meeting, Zawya reports, adding that the raise was implemented starting from April 15 by the Abu Dhabi Securities Exchange (ADX)

Leading Egyptian Developers Participate in Dubai’s IPS

The International Property Show (IPS) was launched on April 9, 2018 at the Dubai World Trade Center with the participation of a number of leading Egyptian real estate developers

Russia Resumes Flights to Egypt After Over 2 Years Suspension

Aeroflot announced it will operate three flights a week from Moscow to Cairo, on Saturday, Monday, and Wednesday, and flights from Cairo to Moscow on Sunday, Tuesday, and Thursday

Egyptian Inflation Rates Fall to Lowest Levels in Almost 2 Years

Egypt’s inflation rates fell in March to their lowest levels in almost two years, paving the way for more interest rate cuts in the wake of a 2-percentage-point decline since February

Hassan Allam Acquires 60% Stake in PGESCo for EGP 421 mn

Hassan Allam Holding has acquired 60% stake in the Power Generation Engineering and Services Company (PGESCo) for EGP 421 mn

UPP Capital Investment Acquires 5.55% Stake in Egypt’s Palm Hills Development

UAE-based UPP Capital Investment, the investment arm of Union Properties, has acquired 5.55% stake of the total shares of Egypt’s Palm Hills Development (PHD), at a total cost of EGP 525.3 mn, averagely EGP 4.1 per share

Alex Port-led Joint Venture to Set Up a USD 450-500 mn Multipurpose Facility

The Alexandria Port Authority (APA) has formed a joint venture with the Suez Canal Economic Zone (SCZone) and the Land Maritime Transport Holding Company to set up a USD 450-500 mn multipurpose facility at the Alexandria Port

Madbouly to inaugurate Cityscape Egypt 2018

Housing Minister Mostafa Madbouly to inaugurate the seventh edition of Cityscape Egypt 2018 tomorrow March 28, 2018.

Egypt’s PM Lays Foundation Stone of New Capital’s Business District

Egypt's Prime Minister Sherif Ismail has laid the foundation stone of the New Capital's Central Business District (CBD)

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