News / Egypt

People’s Hospital launches 1000 Hearts Challenge; Palm Hills Becomes 1st Respondent

People's Hospital launches the 1000 Hearts Challenge initiative to which Palm Hills Development is the first company to respond, Invest-Gate reports.

LIXIL Launches New Environmental Strategy

LIXIL, the water and housing products maker, announces its updated environmental strategy, Invest-Gate reports.

Etqan Closes Deal with Incomercial to Develop Egyptian Real Estate Sector

The deal was signed by Bassem El-Sherbiny, CEO of Etqan, and Mohamed Shehata, Head of the Commercial and Retail Department, in the presence of leaders of the two companies, including Ahmed Abdelaziz, financial advisor at Itqan, Mahmoud Al-Qadi, head of the marketing sector, Co-founders of Incomercial Tariq Beltagy, Mohamed Mohieldin, and Mohamed Shehata and Mazen Salem.

Mashoura Launches Business Expansion Program in UK

UK-based business consultation company, Mashoura, announces the launching of the UK business expansion program, which helps companies seeking to expand in the kingdom, Invest-Gate reports.

Jebal Real Estate Opens Branch in Abu Dhabi

Jebal Real Estate Development, a subsidiary of JD Holding Group, opens a new branch in the Emirate of Abu Dhabi, UAE, Invest-Gate reports.

Real Estate Companies in Egypt to Price in dollars then Sell in EGP as Inflation Precaution

Some real estate companies in Egypt resorted to using the "dollar" to hedge against the risks of rising costs after the deterioration of the pound and the rise in inflation. In contrast, others went to cancel some customers' reservations and return their money to maintain profit margins.

MARAKEZ to Add New Brands in Mall of Arabia in Q1 2023

Marakez, the developer of mall of Arabia, one of Egypt’s largest shopping malls with over 154,000 sqm, announces that it will be adding new famous brands to the mall.

Al Baraka Bank, DMC Ink EGP 350 Mn Loan Agreement

Al Baraka Bank signs an EGP 350 mn loan agreement with Dar Al-Mimar Contracting (DMC) to fund the expansion in Mountain View 1 in New Cairo, Invest-Gate reports.

EGICS Development Sells 50% of Haven Tower

Ehab Abul-Hadid, CEO of EGICS Development, notes that 50% of the sales of its Haven Tower project in the New Administrative Capital have been completed, Invest-Gate reports.

ACUD’s Chairman Meets Developers in New Cairo, NAC

Khaled Abbas, Chairman of the Administrative Capital for Urban Development (ACUD), holds a meeting with a number of members of the New Cairo and Administrative Capital Developers Association, to discuss a set of issues facing real estate investment companies, Invest-Gate reports.

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