News / Egypt
Marsa Marsa Alam for Development Tourism Q1 losses narrow
The Egyptian joint stock company Marsa Marsa Alam for Development Tourism posts a net loss of EGP 617,633 during the first quarter of 2017, compared to a loss of EGP 6.2 mn a year ago, Invest-Gate reports.
ARDIC Pumps EGP2.1 bn in Zizinia el Mostakbal
ARDIC for Real Estate Development and Investments pumps total investment of EGP 2.1 bn in the Zizinia el-Mostakbal real estate project, Invest-Gate reports.
Egypt to Offer 44 Investment Opportunities in New Cities
Egypt will offer 44 investment opportunities in the country’s new cities, with areas ranging from 30 to 500 feddans, Invest-Gate reports.
Egypt Records Growth of 3.9% in Q3 of FY2016-2017
Egypt achieves a growth rate of 3.9% in Q3 of FY2016-2017 compared to 3.6% achieved during the same period last year, Invest-Gate reports.
Egypt Allocates Lands to Farmers, Investors in NECD Project
Several lands will be allocated and dedicated to farmers and investors in Toshka, Farafra and El Maghara areas as part of the New Egyptian Countryside Development (NECD) project, Invest-Gate reports.
SCZone, Saudi Arabia’s ASIC Partner to Develop Land Plots, Granite City
The Suez Canal Economic Zone (SCZone) Authority will be partnering with Saudi Arabia’s ASIC Capital to develop six mn square meters of land plots and a granite city spreading on an area of one mn square meters in the zone, Invest-Gate reports.
Egypt’s Golden Coast El Sokhna Shareholders Approve FY2016 Cash Dividend
Shareholders of the Golden Coast El Sokhna Company for Touristic Investment approve cash dividend of EGP 0.833 per share for the year 2016, according to the Egyptian Exchange
Blue Stars for Touristic Investment Sales Hit EGP 82 mn in Q1 2017
Egypt’s Blue Stars for Touristic Investment announces the selling of 92 hotel units in Oyster Bay tourist project in Marsa Allam on the Red Sea, at a total amount of EGP 82 mn, during the first quarter of 2017, Invest-Gate reports.
WB Plans to Disburse 3rd Tranche of Loan by Dec
The World Bank (WB) is planning to provide Egypt with the third tranche of its USD 3 bn loan program by December, Invest-Gate reports.
