News / Investment

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)

Oman’s Minister of Housing Tours Egypt’s New Administrative Capital

Oman’s Minister of Housing Sheikh Saif bin Mohammed Al Shabibi, has toured Egypt’s New Administrative Capital, after attending the laying of the foundation stone of the Central Business District

UAE’s Top 10 Landscaping Developments Valued at USD 5.8 bn

The world’s tallest building 828-meter Burj Khalifa, the world’s largest indoor theme park IMG Worlds of Adventure, and the world’s biggest shopping mall Dubai Mall top UAE’s list of 10 major landscaping projects

Cityscape Awards Illustrate the Best and Brightest of Egypt’s Real Estate Sector

Following the conclusion of a successful two-day Cityscape Egypt Conference, the Cityscape Awards for Real Estate in Egypt illustrated advances in the real estate sector by recognizing outstanding concepts in real estate development and architecture

Egypt’s Net Foreign Reserves Increase to USD 42.5 bn

Egypt’s foreign reserves surged to USD 42.524 bn at the end of February from USD 38.209 bn the month before, facilitated by a USD 4 bn Eurobond sale last month

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