News / Egypt

NBB Signs Finance Deal with Eagle Hills Diyar

The National Bank of Bahrain (NBB) has signed a collaborative agreement with Eagle Hills Diyar (EHD) to provide the bank's customers with special offerings for properties within Marassi Al Bahrain in Diyar Al Muharraq

MNHD Sells Land Plot for EGP 1.15 bn in Taj City

Egypt's urban developer Madinet Nasr Housing and Development (MNHD) has inked a deal selling a 114,537-square-meter residential land plot in Taj City to Sallam family-owned Minka Real Estate Investment for EGP 1.145 bn

Gov’t Invests EGP 69 bn in El Andalus: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar, announced that the 10th of Ramadan's El Andalus neighborhood has so far seen USD 4.4 bn (EGP 68.72 bn) worth of investments in social housing units

TAMEER to Deliver 1st Phase of New Cairo Project by March-End

Egypt-based real estate developer TAMEER plans to deliver the first phase of AZAD 1 residential project in the Fifth Settlement neighborhood, east Cairo by the end of March, Invest-Gate reports.

MNHD Obtains Land Adjacent to Taj City

Madinet Nasr Housing and Development (MNHD) reached an agreement with the Armed Forces Land Projects Agency to exchange land plots in east Cairo

Hilton Luxor Resort & Spa Named Egypt’s Best Luxury Wellness Spa

Hilton Luxor Resort & Spa has been awarded the “Best Luxury Wellness Spa in Egypt” for 2019 by the International Spa Awards

Heliopolis Housing Weighs on Real Estate Stocks: SHUAA

SHUAA Securities Egypt's latest report showed that real estate stocks declined in February due to "unclear vision about Heliopolis Company for Housing and Development’s (HELI) future moves"

SHMFF, Banque Misr Ink Protocol to Provide Mortgage for 1,200 Units

Social Housing and Mortgage Finance Fund (SHMFF) signed a joint cooperation protocol with the Suez Canal Authority and Banque Misr to allocate 1,200 units to the authority's workers union

Gov’t to Develop 202 Projects Worth EGP 944 mn in FY 2019/20

Egypt's Planning and Economic Development Minister Hala El-Saeed said that the government directed investments amounting to EGP 944 mn to implement 202 projects in FY 2019/20

Emaar Misr Sees 49% Profit Decline in 2019

Emaar Misr for Development has said its profits fell by 49% year-on-year (y-o-y) to stand at EGP 1.74 bn in 2019, down from EGP 3.42 bn in 2018

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