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Lebanese Investments in Egypt Hit USD 671 mn by June-End: Minister

Egyptian Minister of Investment and International Cooperation Sahar Nasr said the volume of Lebanese investments in Egypt reached USD 670 mn by end of June 2018, reflecting the activity of about 1,645 companies in the sectors of services, industry, construction, petroleum, tourism, and agriculture

Aqarmap Enables Buying Properties Via Credit Card

Egypt’s online real estate listing platform Aqarmap announced on November 20 that it has successfully started selling properties online by allowing buyers to pay a downpayment with their credit cards to withhold exclusively discounted units

MG Developments Launches its 1st Commercial Project in New Cairo

Egypt's property developer MG Developments has announced launching the first phase of its first administrative and commercial project "Headquarter Business" in New Cairo, on 90th Street, with investments worth up to EGP 1 bn

NUCA Participates in Cairo ICT 2018 to Boast Egypt’s 4th Generation Cities

The New Urban Communities Authority (NUCA) is taking part in the 22nd round of Cairo International Exhibition and Conference on Telecommunication and Information Technology (Cairo ICT) starting from November 25 to 28 to showcase the ongoing achievements of the fourth-generation cities being developed

Egypt Revenues Leap 35.5% in Q1 FY2018/19: Minister

Egypt's Finance Minister Mohamed Maait said that the state's revenues soared by 35.5% in Q1 of FY 2018/19, putting the government on track to achieve its targeted primary budget surplus of 2%

EFG Hermes’ NBFIs Platform Generates Revenues of EGP 286 mn in Q3

Egypt's EFG Hermes Holding's Non-Bank Financial Institutions (NBFIs) platform maintained its remarkable rate of expansion, growing at 81% YoY to record revenues of EGP 286 mn in Q3 2018, with Tanmeyah Micro Enterprise Services (Tanmeyah) being the main contributor to the surge

Palm Hills’ Profits Rise 37% to EGP 640.2 mn in 9M

Egypt's property developer Palm Hills Developments has posted a 37% hike in net profits, which reached EGP 640.2 mn in the first nine months of 2018 versus net profits of EGP 466.6 mn during the corresponding period last year, taking into account minority interests

Invest-Gate Holds 1st Executive Meeting Following Its “Real Estate & Tourism Development” Roundtable

After the huge success of the “Real Estate & Tourism Development” roundtable last October, Invest-Gate held its first executive meeting on November 18 to discuss all action plans that should take place to execute all the roundtable’s recommendations

Al Ahly to Launch New Integrated Compound in 6th of October City

Cairo-based Al Ahly for Real Estate Development seeks to launch a new integrated residential compound in 6th of October City by year-end, in partnership with the Egyptian government, at an estimated cost of EGP 7 bn

Housing Ministry Inks MoU With Global Firm for New Projects in New Alamein

The Egyptian housing ministry has signed a memorandum of understanding (MoU) with global hospitality group Nikki Beach Hotels to operate and manage a hotel resort as well as a residential project in New Alamein, in a bid to increase the number of foreign investments and developments in the new coastal city

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