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The Big 5 Construct Egypt to Propel Construction Industry Growth

Dmg Events held a press conference on August 19 to officially announce the launch of the second edition of The Big 5 Construct Egypt, which is scheduled to take place from September 2 to 4 in Egypt International Exhibition Center (EIEC), under the auspices of Prime Minister Moustafa Madbouly.

ODE Posts 253.4% Surge in H1 Sales

Orascom Development Egypt's (ODE) net sales hiked by 253.4% to EGP 4.2 bn in H1 2019, compared to EGP 1.2 bn a year earlier, driven by a rise in unit sales in its newly-launched project in west Cairo, O West, in addition to El Gouna and Makadi Heights.

Amer Group Sees Lower Profits in H1

Amer Group Holding posted a 54% year-on-year slump in its consolidated profits for the first half of 2019, mainly due to lower sales.

UAE’s Aldar Properties Mulls Investments in Egypt

Abu Dhabi's listed real estate developer Aldar Properties seeks to tap into Egypt's housing market, as part of its regional expansion plans.

Elsewedy Electric Begins Commercial Operations at Benban Solar Plants

Egypt's integrated energy and infrastructure solution provider Elsewedy Electric has reached the full commercial operation successfully for its two solar photovoltaic (PV) power plants developed as part of EGYPT’s Round II of the Renewable Energies Feed-in-Tariff (FiT) program for solar and wind energy projects

New Aswan Sees EGP 1.2 bn Investments Since 2014

Egypt has pumped investments worth EGP 1.2 bn in New Aswan since 2014 up to date, compared to a total of EGP 750 mn beforetime

Egypt to Launch Online Industrial Investment Map in September

President Abdel-Fattah El-Sisi mandated on August 15 the launching of a government portal for the unified industrial investment map by next month, in line with the state's efforts to promote the Egyptian industrial sector as one of the vital pillars of the national economy.

Sawiris Lays Foundation Stone for El Gouna Conference & Culture Center

Egyptian tycoon Samih Sawiris, chairman of Orascom Development Holding (ODH), has laid the foundation stone for El Gouna Conference and Culture Center, marking the second phase of the cultural complex.

Egypt’s July Headline Inflation Dips to Four-Year Low

Egypt’s annual headline inflation rate had fallen to a four-year low, dipping to 8.7% in July from 9.4% a month earlier, despite the fresh round of subsidy cuts that pushed domestic fuel prices up by 16-30%.

Egypt Blooming to be Breakout Nation: Morgan Stanley

American investment bank Morgan Stanley indicates that Egypt’s reform program, including EGP flotation and successive rounds of subsidy cuts, alongside public investment in infrastructure, energy, and various megaprojects, have put it "on track to become a breakout nation."

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