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ODE Officially Joins EGX30

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding (ODH) in Egypt, has been officially added to the main Egyptian benchmark index "EGX 30," which includes the top 30 companies listed on the Egyptian Stock Exchange (EGX).

OECD Raises Egypt’s Rating as Attractive Destination for Investment

The Organization for Economic Cooperation and Development (OECD) has raised Egypt’s rating on the country risk index from level six to five as an attractive destination for investment.

Planning Ministry Signs 2 Cooperation Procotols for State Employees

Egypt's planning ministry has signed two cooperation protocols with UK-based King's College London and Washington-based American University on raising the efficiency of employees of the state's administrative apparatus in preparation for the transition to the New Administrative Capital (NAC).

Remco Achieves EGP 3 bn Sales From 2 Projects in East Cairo

Egypt-based Remco for Tourism Villages Construction has uncovered that sales of two of its newest projects in east Cairo have generated a total of EGP 3 bn so far.

RFCO Launches 3rd Phase of NAC’s IL Mondo Compound

Ramy Fares Company for Construction Development (RFCO) has announced the launch of the third phase of its project, IL Mondo, New Administrative Capital (NAC), with expected sales surpassing EGP 2 bn

Invest-Gate’s “Branded Residences & Hotel Apartments” Roundtable Stands Significant

Branded Residences & Hotel Apartments Roundtable held by Invest-Gate gains significance among developers in Egypt, claiming its products as necessary for the Egyptian market.

Egyptian Expats’ Remittances Up 5.7% in 11 M: CBE

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country’s main sources of foreign currency, hiked by 5.7% - or USD 1.2 bn - in the first 11 months of 2018 to USD 23.3 bn.

Marseilia Group Eyes New Joint Project in NAC

Egypt's Marseilia Real Estate Investment Group is intending to sign a deal for a joint project with one of the urban development companies at the New Administrative Capital (NAC), aiming to develop a land area with one of the dedicated companies.

Tatweer Misr, Schneider Electric Ink MoU for 3 Projects

Egypt's real estate developer Tatweer Misr has signed a memorandum of understanding (MoU) with Schneider Electric Egypt on building and designing smart city facilities within three of its residential projects across Egypt.

Parliament Preliminary Approves Draft Law on Reconciliation in Building Violations

Egyptian parliament’s General Committee gave preliminary approval for the draft law on reconciliation in building violations on January 25, which is expected to provide the government with about EGP 150 bn when issued.

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