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Arab Bank: $829.6M Profits in 2023, Proposes 30% Dividends

Arab Bank Group has announced impressive financial results for the fiscal year ending December 31, 2023, demonstrating a remarkable 52% growth in net income after tax, surging from $544.3 mn in 2022 to $829.6 mn, Invest-Gate reports.

El-Gazzar, CSCEC Chairman Review Progress of Joint Projects in NAC, New Alamein City

In a strategic meeting at the headquarters of China State Construction Engineering Corporation (CSCEC) in Beijing, Assem El-Gazzar, the Minister of Housing, Utilities, and Urban Communities, engaged with Zheng Xuexuan, Chairman of CSCEC, and Li Yongming, CSCEC's Vice President, to discuss the status of joint projects, Invest-Gate reports.

UAE Business Tycoon Mohamed Alabbar Highlights Economic Disparity Between Europe, Arab World

In a recent interview, prominent Emirati businessman Mohamed Alabbar emphasized a significant economic gap between Europe and Arab nations, despite having similar populations of approximately 400 million people, Invest-Gate reports.

SAK Developments Allocates EGP 300 Mn for Construction Work on NAC Projects in 2024

Ahmed Kadri, the Chief Executive Officer of SAK Developments, has announced the company's plans to invest EGP 300 mn in 2024 to complete the construction of its projects in the New Administrative Capital (NAC), Invest-Gate reports.

El-Gazzar Unveils Fully Finished Housing Units in Valley Towers Project in Hadayek October

Assem El Gazar, the Minister of Housing, Utilities, and Urban Communities, has announced the ministry's initiative, facilitated by the New Urban Communities Authority, to introduce fully finished housing units in the "Valley Towers" project in Hadayek October, Invest-Gate reports.

Mountain View Reveals Second Phase of Club Park in iCity October

Mountain View unveils the second phase of Club Park in iCity in October, introducing over 800 diverse residential units, Invest-Gate reports.

Deputy Housing Minister, The Arab Contractors, International Technology Firm Hold Talks on Water, Wastewater Treatment

Sayed Ismail, the Deputy Minister of Housing for Infrastructure Affairs, recently held a meeting with representatives from the Arab Contractors Company and an international company specializing in modern control systems for improving the operation of drinking water purification and sewage treatment plants, Invest-Gate reports.

Main Marks Developments Launches Moray Project in New Cairo

Main Marks Developments has recently unveiled its latest project, Moray, located in New Cairo, Invest-Gate reports.

Al-Oula Development Launches ‘CLOUD’ Units in West Cairo Projects

Al-Oula Development has announced the launch of a new real estate product named "CLOUD" in 40 residential buildings owned by the company in the cities of Sheikh Zayed and 6th of October, Invest-Gate reports.

Al Ahly Sabbour Expands Land Portfolio, Partners with MIDAR for First Phase of Mostakbal City Development

Al Ahly Sabbour Developments has entered into a contract with MIDAR for Investment and Urban Development to develop a 181-acre plot of land in Mostakbal City, located in New Cairo, Invest-Gate reports.

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