News / Egypt

JLL Shares Positive Outlook for Egypt’s Real Estate

US-based commercial real estate services firm JLL has highlighted that Cairo’s real estate market saw a positive performance across all subsectors, including hotel, residential, retail, and administrative developments, in Q3 2019.

MNHD Posts Lower Profits in 9 M

Egypt's property developer Madinet Nasr Housing and Development (MNHD) reported a consolidated net profit of EGP 631 mn during the first nine months of 2019, a decline from EGP 869.1 mn during the same period last year.

Ras Ghareb Wind Energy Operates Ahead of Schedule: Orascom

Orascom Construction has revealed that construction and commissioning work at Egypt's Ras Ghareb Wind Energy project is complete 45 days ahead of schedule.

City Edge Secures EGP 20 bn Revenues in 20 M

CEO of City Edge Developments (CED) Amr El Kady has revealed that his company's revenues touched EGP 20 bn over the course of 20 months

Gov’t Offers Social Housing Units Below EGP 200,000

The Social Housing and Mortgage Finance Fund has unveiled the 12th announcement of residential units, offering several ready-for-delivery units worth EGP 197,000 each across Egypt, as part of its Lower Egypt and Canal Zone Development Initiative

Egypt’s GDP Reaches Highest Level Since 11 Yrs

Egypt’s gross domestic product (GDP) leaped by 5.6% in Q1 2019, registering the highest rate in 11 years, despite the slowdown in global economic growth, which reached 3.8% last year.

Gov’t to Issue New Law for Project Registration: Official

The New Urban Communities Authority (NUCA) Deputy Chairman Abdulmutallab Emara has announced that the government plans to issue a new law for the registration of ready phases of any new project to ease the whole process.

Accor to Manage Sharm El Sheikh’s Naama Bay Promenade Resort

French hotel giant Accor inked on November 3 a renovation and management deal for Naama Bay Promenade Resort in Sharm El Sheikh, agreeing to re-brand the beachside project as Pullman Hotels and Resorts by January 2021.

NUCA Inks Protocols to Develop Unused Lands: Official

Assistant Housing Minister for the New Urban Communities Authority (NUCA) Waleed Abbas said the authority has inked several cooperation protocols with the public enterprise sector and awqaf ministeries to develop the latter's unused lands nationwide.

NUCA Auctions Over 85 Mixed-Use Units Nationwide

The New Urban Communities Authority (NUCA) is offering 89 properties of different sizes and activities in a public auction sale, notably across Shorouk City, New Minya, Sadat City, New Fayoum, and Obour City

Page 544 of 830

Login

Welcome! Login in to your account

Remember meLost your password?

Lost Password