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Hometown Developments Inks Exclusive Deals with 50 International Brands for New Capital Projects

Hometown Developments announced its collaboration with 50 international brands specialized in the fields of fashion, restaurants, and entertainment for its three projects at the New Administrative Capital (NAC), Invest-Gate reports.

Egypt’s Housing Minister Announces Sohag Land Plot Handovers

Egypt's Minister of Housing, Utilities, and Urban Communities, Assem El-Gazzar, announced the New Sohag City Development Authority will begin handing over residential land plots in the northern and central Al-Ashgar neighborhoods as of September 3-14, Invest-Gate reports.

Arab Bank Group Reports 59% Profit Growth in H1 2023

Arab Bank Group reported solid financial results for the first half (H1) of 2023, driven by strong growth in its core banking business across different markets, Invest-Gate reports.

City Edge Developments Celebrates Naming Etapa Square Best Commercial Development in 2023

City Edge Developments held an event on July 27, 2023, to announce that its Etapa Square project won the Best Commercial Project Award in 2023 at the Big 5 Egypt Impact Awards, Invest-Gate reports.

Beltone To Commence Trading of Rights Issue’s Shares

Beltone Financial Holding, one of the fastest-growing investment banks, has announced the successful completion of all legal procedures required to issue and list 5,000,000,000 ordinary shares of its EGP 10,000,000,000 Rights Issue, following laws and regulations, Invest Gate reports.

Schneider Electric Continues Series of Future Industry Innovation Talks Towards Carbon-Neutrality

Schneider Electric SE, a global specialist in energy management and automation, hosted its latest event as part of the "Industries of the Future" innovation talk series last week to discuss the concept of future industries and automated software-based control solutions for the industry, Invest-Gate reports.

SODIC’s Gross Sales Hit EGP 8.2 Bn in H1 2023

Sixth of October Development & Investment Company (SODIC) has revealed its financial results achieved in the year's first half (H1), which ended on June 30, 2023, Invest-Gate reports.

El-Gazzar Follows up on New Nubariya Extension Project

Housing Minister Assem El-Gazzar held a meeting to review the strategic plan for extending New Nubariya, a city located north of Cairo on 54,000 acres, Invest-Gate reports.

Egypt Housing Minister Pushes Handover of New Capital Employee Units

Egypt's Housing Minister Assem El-Gazzar is pressing for the completion of procedures to hand over housing units to state employees relocating to the New Administrative Capital, Invest-Gate reports.

Egy Tower Finalizes Hotel Management Deal for EINS Towers with German Management in NAC

A delegation from the board of directors of Egy Towers traveled to Germany to hold intensive meetings with representatives of the Europe Hotel Management to manage and operate the hotel rooms, Invest-Gate reports.

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