Sixth of October for Development and Investment (SODIC) announced its preliminary intentions to submit a mandatory tender offer to acquire at least 51% stake in Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) through a direct share swap (securities swap only)
Egyptian developer Hassan Allam Properties (HAP) announced on October 14 the launch of new units in its fully integrated community of “Swanlake El Gouna” in Egypt’s Red Sea coast
Minister of Trade and Industry Amr Nassar has confirmed that French investments in Egypt are estimated at EUR 4.5 bn in 473 projects operating in various fields across the country
The World Bank Group President Jim Yong Kim has praised Egypt's success in investing in human capital, noting that it has aided the country in raising foreign investments by up to EGP 14 bn, from the private sector, in the field of new and renewable energy
Egypt, Greece, and Cyprus signed on October 10 a number of agreements for the collaboration in the fields of industry, trade, and education
Moody’s Investors Service, a leading credit rating agency, has upgraded its outlook for Egypt’s banking system to positive from stable as economic growth revives, bolstering credit growth, banks’ profitability, and internal capital generation
Egypt’s annual urban consumer inflation rose to 15.97% in September from 14.24% in August, yet it dropped by 17% from 32.9% recorded in the same month last year
The Egyptian government has recently revealed details on the chosen design for the New Administrative Capital's services area -"Oasis"- which is in the middle of a central park and service area
Egypt’s property developer Misr Italia Properties has launched its second premium residential compound in the New Administrative Capital, VINCI, offering the utmost elegance and luxury living
Egypt has the potential to generate up to 53% of its electricity from renewable sources by 2030, and thus reduce its energy bill by USD 900 mn annually, based on the latest outlook from the International Renewable Energy Agency (IRENA)
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