News / Egypt

TMG’s Sales Hit EGP 33.2 Bn in 2022

Earnings before interest, taxes, depreciation and amortization (EBITDA) jumped threefold to more than EGP 1 bn in 2022 from EGP 372 mn in 2021.

Egy Holding Executes 45% of Constructions of EPIC Complex at New Capital

The company plans to complete the construction works of the entire project with the highest quality standards by the end of 2023.

Square Seven Contracts Prime Hospitality to Manage Hospitality Rentals of Real Estate Assets

The group seeks to increase its clients base by providing services that achieve comfort and luxury standards for guests staying in their units, also providing international standards of hospitality services for comfort and luxury stays that meets with "Prime Hospitality" brand image and identity.

ACUD Inks MoU with NAACC for Cooperation in Urban Planning

Under the MoU, ACUD and NAACC exchange information, expertise, knowledge, and technology. It also provides for competency building and education.

NUCA Offers Land in New Cities for USD Investments

Assistant Minister of Housing for the Affairs of the NUCA, Waleed Abbas, states that companies only could apply for the new land allocation mechanism.

Egyptian Gov’t Implements EGP 2.3 Bn Water & Wastewater Plants in Sohag

Chairman of Sohag Company for Water and Waste Water, Mohamed Salah El-Din, reveals that his company participates in water and wastewater projects in 7 cities in Sohag under the Decent Life initiative with EGP 26.8 bn in investments.

AIM Technologies, Nawy Launch Real Estate 360 Market Analysis Tool

The Real Estate 360 analyzes the performance of the Egyptian real estate market, producing a comprehensive report on sales and marketing.

JICA Grants Egypt $301M for Cairo Metro’s 4th Line

The first phase of Cairo Metro’s fourth line covers more than 19 kilometers and comprises 16 stations.

Tatweer Misr Sponsors El-Taweel Sisters for 2028 Summer Olympics

Nour receives two gold medals in the Egypt Badminton Championship Under 13. She represents Egypt in the coming Africa Badminton Championship.

FRA Raises Mortgage Installment Limit to 50% of Income

FRA’s Chairman, Mohamed Farid, reiterates that the authority works continuously to provide solutions and suitable alternatives to elevate the efficiency and competitiveness of the non-banking financial markets, including mortgages.

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