News / Egypt

Annual Headline Inflation Doubles in December

Egypt’s annual headline inflation rate rose to 7.1% in December 2019, compared to 3.6% in November of the same year

PHD Inks EGP 505 mn Facility to Refinance Existing Debt

Palm Hills Developments (PHD) announced signing a loan agreement of EGP 505 mn with Ahli United Bank Egypt (AUB)

Gov’t Implements 3 Towers for Maspero Triangle Dwellers

Executive Director of the Development Fund for Slums Khaled Siddiq said that work is ongoing on three residential towers in Maspero Triangle to welcome its former dwellers

TMG Holding to Issue EGP 2 bn Sukuk in April

Talaat Moustafa Group (TMG) Holding CEO Hisham Talaat Moustafa said his company plans to launch EGP 2 bn sukuk program in April, aiming to secure medium-to-long-term financing for its recurring projects

The Waterway Releases EGP 4 bn Business Hub in New Cairo

Egypt's property developer The Waterway has rolled out its latest integrated business hub in New Cairo, called “5A,” with investments valued at EGP 4 bn, fusing administrative, commercial, and recreational services in one spot.

Sadat City Sees 5,800 Housing Units 75% Ready

New Urban Communities Authority Communities' (NUCA) Vice President Kamal Bahgat said 5,800 social housing units in Sadat City had reached an execution rate of 75%.

Gov’t to Revitalize 15 Informal Areas in Suez

Suez Governor Abdel Mageed Saqar and Executive Director of the Informal Settlements Development Fund (ISDF) Khaled Siddiq have inked cooperation agreement to revitalize 15 slums in Suez.

Orascom Construction Wins USD 770 mn New Awards in Q4

Orascom Construction has won approximately USD 770 mn (EGP 48.65 mn) of new awards added to its backlog in Q4 2019

Invest-Gate’s 5th Roundtable Witnesses Unprecedented Dynamic Discussions

Invest-Gate initiated the very first discussion channel between two of the foremost real estate market pillars, developers and brokers, bringing them under one roof at its latest roundtable on January 15, titled “Regulating the Real Estate Developer-Broker Relationship.”

Phase I of Badr City’s Sakan Misr Almost Complete: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that phase I of Badr City's Sakan Misr middle-income project, which comprises 1,272 apartments, reached a completion rate of 96%.

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