News / Egypt

One Coastal Tower Almost Completed in New Alamein: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced that works on 15 42-story coastal towers in New Alamein are in full swing, where one tower has seen finalized

PHD Converts Its Tourist Complex to COVID-19 Quarantine

Palm Hills Developments (PHD) converts its 200-room tourist complex to a quarantine facility- all expenses covered- to the Ministry of Health, Invest-Gate reports.

Tatweer Misr’s “Benebny Hayah” Initiative Fights Coronavirus Aftermath

The Egyptian developer, Tatweer Misr, has joined forces with Al Orman NGO and Ahl Masr Foundation to fight the Coronavirus aftermath on villages in Upper Egypt

Shahawi Properties Takes Serious Precautions Against COVID-19

Shahawi Properties has been working to swiftly adapt during the COVID-19 outbreak by putting the safety of its clients first, as well as its employees, Invest-Gate reports.

ODE Releases its Consolidated Financial Results for FY 2019

Orascom Development Egypt (ODE) closed 2019 on a solid operational and financial stance, achieving FY 2019's targets, and recording EGP 6.9 bn of net real estate sales, the highest value in ODE’s history, Invest-Gate reports.

Al Ahly Sabbour Contributes to Tahya Masr Fund to Combat COVID-19

Al Ahly Sabbour, the leading real estate developer, joined forces with the Tahya Masr Fund to supply COVID-19 patients with ventilators and a total of 75,000 test kits to help identify cases, Invest-Gate reports.

Finance Minister Announces New Exemption for Exporters

Egypt’s Minister of Finance and Coordinator of the Cabinet’s Economic Cluster Mohamed Moeit announced that export enterprises will be exempted from introducing the fiscal position certificate required for disbursing arrears, Ahram Online reports.

TMG Unit Releases 1st Corporate Sukuk Worth EGP 2 bn

Talaat Mostafa Group's (TMG), the Arab Company for Projects and Urban Development, succeeded in getting the approval of issuing Sukuk, or Islamic bonds, worth EGP 2 bn

Utilities to be Installed in New Obour City: El Gazzar

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said that the most distinguished, social housing, and Bayt El Watan projects in New Obour City will see utilities installed

Sisi Issues Incentives to Minimize Impact of COVID-19

Egypt’s President Abdel-Fattah El-Sisi announced several measures to cushion the negative implications of the pandemic outbreak on the economy

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