News / Egypt

El Gazzar Reviews Plan to Develop Saint Catherine City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has reviewed the proposed development plan for South Sinai's Saint Catherine city, in an attempt to revive the historical site.

El-Sisi Mandates Execution of EGP 30 bn Non-Profit Universities

President Abdel-Fattah El-Sisi has directed the Egyptian government to approve the development of several state-run non-profit universities, at a total cost of EGP 30 bn.

Annual Headline Inflation Down to 4.6% in July: CBE

The Central Bank of Egypt (CBE) has reported a decline in the country's annual headline inflation to 4.6% in July - the lowest since November, compared to 5.6% last June and 7.8% in the same month a year earlier.

Emaar Misr, Elsewedy to Build TKH Universities in West Cairo

Emaar Misr and Elsewedy Education have agreed to build a 50-acre campus to host The Knowledge Hub Universities (TKH) in the former developer's New Zayed project, bringing UK-based Coventry University and branches of other prestigious foreign colleges to Egypt.

Expo One to Launch 1st Virtual Property Show in Africa, MENA

Egypt's Expo One, in collaboration with Grand Technology, will kick off the "VEstate Expo 2020," bringing four quarterly live real estate exhibitions to present the first-of-its-kind virtual gateway in Africa and the Middle East.

MNHD Approves Odin’s Due Diligence on El Nasr Civil Works

Madinet Nasr for Housing and Development's (MNHD) board of directors has given Odin Investments approval to commence due diligence on El Nasr Civil Works.

Amer Group Net Profit Rises 8.6% in H1 2020

Egypt-based Amer Group reported an 8.6% hike in net profits in H1 2020, logging EGP 27.6 mn versus EGP 25.4 mn in the corresponding period last year.

ODE, Mangroovy for Hotels Ink EGP 105 mn El Gouna Land Sale Deal

Mangroovy for Hotels and Orascom Development Egypt (ODE) have signed a land sale contract worth EGP 104.8 mn for merely 40,654.5 square meters of land area in its Red Sea resort town of El Gouna.

EBRD Approves USD 12 mn Loan for Hyatt Regency Cairo West

The European Bank for Reconstruction and Development (EBRD) has approved the provision of a USD 12 mn (EGP 192 mn) long-term loan to bankroll the construction of the second Hyatt-branded hotel in Egypt, located in west Cairo's Pyramids Heights Business Park.

HHD Extends Deadline to Co-Develop New Heliopolis Land

Heliopolis Company for Housing and Development (HHD) has granted an 11-month extension to the deadline for developing a 655-acre plot in east Cairo's New Heliopolis, under a 2016 contract with Egypt's Sixth of October for Development and Investment Company (SODIC).

Page 494 of 835

Login

Welcome! Login in to your account

Remember meLost your password?

Lost Password