News / Egypt

Mountain View to Deliver iCity Phase I in June

Egypt's private property developer Mountain View eyes EGP 1.5 bn investments in 2020 to start the delivery of 12,00 residential units in the first phase of iCity development project in June

Elsewedy Electric Alliance Wins 1st Dry Port in Egypt

Elsewedy Electric has announced that its consortium with DB Schenker Egypt and 3A International was awarded the establishment of Egypt's first dry port in the 6th of October city

SODIC Sponsors 1st Special Olympics Pan African Games 2020

Sixth of October Development and Investment Company (SODIC) has been the exclusive real estate sponsor of the first-ever Special Olympics Pan African Games for 2020

MHND Concludes EGP 305 mn Securitized Bonds in December

Egypt’s Madinet Nasr for Housing and Development (MNHD) has clarified that it earlier closed a secrutinized bond issuance on December 19

Marriott Int’l to Open St. Regis Hotel in NAC

US multinational hospitality brand Marriott International has signed an agreement to open a St. Regis hotel in the New Administrative Capital (NAC), east Cairo

Real Estate Development Chamber Reviews 2020 Plans

Egypt’s cabinet is currently reviewing the Real Estate Development Law legally to be sent soon to the parliament for approval

Akam Developments Holds Annual Event for Employees

Egypt-based Akam Developments held an event on January 9 at Marriott Mena House for its employees and executive board members, wherein the company’s deputy CEO Saad El Ghaithy has joined via a voice call.

iCommunity Launches New Community Management App

Cairo-based iCommunity announced the launch of its new brand, Lyve, which will serve as the community management platform for real estate developers, homeowners associations, and compound residents

Cabinet Approves Amendments to Property Tax Law

Egypt's cabinet approved draft amendments to the Real Estate Tax Act, exempting idle land from property tax

CBE Leaves Interest Rates Unchanged in December

The Central Bank of Egypt (CBE) decided to maintain the overnight deposit rate at 12.25%, while the overnight lending rate remained unchanged at 13.25%

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