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SODIC Reports 143% Surge in Net Profit, 50% Revenue Growth in Q1 2025

SODIC recorded strong financial and operational results in the first quarter of 2025, with net profit soaring by 143% and revenues rising by 50% compared to the same period last year, Invest-Gate reports.

Cairo Heritage Development Committee and Cairo Governorate Discuss Potential Reopening of Groppi Soon

Major General (staff) Dr. Khaled Fouda, Advisor to the President for Local Development and Chairman of Cairo Heritage Development Committee (CHDC), along with Dr. Ibrahim Saber, Governor of Cairo, chaired a meeting to discuss the executive steps for reviving and reopening the Groppi store in Talaat Harb Square, as well as the building it occupies, Invest-Gate reports.

Housing Minister Meets with The Official Egyptian Real Estate Platform Officials’ to Review Future Cooperation on Digital Transformation

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, met with Mr. Ahmed Elbatrawy, Founder and CEO of The Official Egyptian Real Estate Platform, and his team to explore opportunities for cooperation in digital transformation, Invest-Gate reports.

Housing Minister Participates in House of Representatives’ Plenary Session to Discuss Establishment of Unified National Real Estate ID Database

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, participated in the House of Representatives' plenary session, to discuss a draft law establishing a unified national real estate ID database, Invest-Gate reports.

Cred Fuels Global Change with EGP 5 Mn Sponsorship of “Hope Givers” Initiative

Cred has announced its official sponsorship of the global humanitarian initiative Hope Givers, contributing EGP 5 mn to support its mission of spreading hope and uplifting communities worldwide, Invest-Gate reports.

ASPECT Launches in the Egyptian Market with EGP 15 bn Investment

ASPECT announces its official launch in Egypt’s real estate market, Invest-Gate reports.

Infinity Tower Nears Completion with Over 70% Construction Progress and Investments Exceeding EGP 4.9 Bn

Infinity Towers for Urban Development has announced the latest progress on its flagship project, Infinity Tower, a fully integrated real estate development located in the heart of the Central Business District (CBD) of Egypt’s New Administrative Capital, Invest-Gate reports.

URBNZ Developments Hits 40% Completion at AXIS Project, Launches New Sales Phase with Flexible Payment Plans

URBNZ Developments announced that construction work at its AXIS THREE BUSINESS MALL project in the northern expansion area of 6th of October City has reached 40% completion, Invest-Gate reports. 

Arab Bank Group’s Profits Reach $271 Mn for Q1 2025, Marking a Growth Rate of 7%

Arab Bank Group reported solid results for the first quarter of 2025 (Q1 2025), with a 7% increase in net income after tax, reaching $271 mn compared to $252.8 mn as of March 31, 2024, Invest-Gate reports.

Deputy Prime Minister of Bahrain hosts Eng. Khaled Abbas, Chairman of the Administrative Capital for urban developments Company, and Commends Egypt’s Development

Khaled Abbas met with H.E. Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister of the Kingdom of Bahrain, in his Qudaibiya Palace office, Invest-Gate reports.

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