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Tatweer Misr Inks Deal for Triple Play Services in Fouka Bay

Egypt's real estate developer Tatweer Misr has signed a partnership agreement with mobile operator Orange Egypt to provide Triple Play services for one of the developer's projects, Fouka Bay in North Coast

CBE Lowers Interest Rates by 1%

The Central Bank of Egypt (CBE) announced that its Monetary Policy Committee (MPC) decided to cut interest rates by 1%

Emaar Misr Delivers 1st Phase of Beyout El Kheir Project in Qena

Emaar Misr, in collaboration with Misr El Kheir Foundation, has delivered the first phase of Beyout El Kheir project (Homes of Generosity) in Qena governorate, which is aimed at improving the living conditions of thousands of less privileged families in Egypt’s villages and provinces.

Carrefour Reduces Carbon Footprint With Schneider Electric Services

Schneider Electric has revealed the deployment of its EcoStruxure Facility Advisor solution across 19 Carrefour stores in Egypt operated by Majid Al Futtaim

Real Estate Sales Are Expected to Decline in Q1: Beta Egypt

Chairman of Beta Egypt for Urban Development Company Alaa Fekri expected the first quarter of 2019 to see lower sales than the same period last year

Housing Minister Reviews Latest Updates at 1st Meeting

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar held his first meeting on February 13 with top leaders of the New Urban Communities Authority (NUCA) to follow up on  the current fiscal year plan, as well as the development progress at the country’s new cities.

Amer Group to Open Porto Said’s Hotel in Q1 2019

Egypt's property developer Amer Group Holding announced on February 14 that it plans to open a 5-star hotel, as part of its mixed-use development project, Porto Said, during the first quarter of 2019

MasterCard Eyes Making NAC 1st Egyptian Cashless City

MasterCard is looking to collaborate with the Ministry of Communications and Information Technology to develop advanced digital payments infrastructure across various governorates in Egypt, aiming to make the New Administrative Capital (NAC) the first cashless city in the country.

SODIC Intends Sealing EGP 7.2 bn Contracts in 2019

Egypt-based Sixth of October for Development and Investment (SODIC) intends to seal EGP 7.202 bn contracts in 2019, while also planning to invest around EGP 5.173 bn across its developments and its subsidiaries' projects this year.

Moody’s Maintains Positive Outlook on Egypt’s Banks

International credit rating agency Moody’s Investors Service has maintained its positive outlook for Egypt’s banking sector, on the back of the country's improving operating conditions.

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