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Egypt’s Parliament Preliminarily Approves Bankruptcy Law

The Egyptian parliament gave a preliminary approval on Tuesday to a law governing debt restructuring, preventive composition, and bankruptcy

TMG Holding Posts Higher Sales at End-December

Egypt's real estate developer Talaat Moustafa Group Holding (TMG) recorded a 100% year-on-year rise in its sales at the end of December 2017

Saudi ACWA Power Signs USD 190 mn Deal to Develop 3 Solar Plants in Aswan

Saudi developer ACWA Power has reached financial close with the Egyptian government for the development, construction, and operation of three photovoltaic projects worth USD 190 mn and set for peak total output of 165.5 megawatts peak at the Benban complex in Upper Egypt's Aswan

Sisi Inaugurates 3 Projects in 10th of Ramadan

Egyptian President Abdel-Fatah El-Sisi has inaugurated three major projects in 10th of Ramadan City

Deadline Until End-January to Accept Re-Inquiry Requests on Social Housing Units: Minister

Egypt’s Housing Minister Mostafa Madbouly, says that the social housing finance fund is granting applicants until the end of January to request a re-inquiry if their unit’s booking had been declined

L&T Construction to Build High Voltage Substation in Ain Sokhna

India's construction company L&T Construction, the construction arm of Larsen & Toubro, has won a project in Egypt

Gov’t Constructs 5936 Units in Aswan

The Housing Ministry has completed a number of social housing units in Aswan and New Aswan

Egypt’s Foreign Reserves Rose to USD 37.019 bn at End-December

Egypt’s net foreign reserves increased year-on-year at the end of December 2017

Elsewedy Unit to Develop 1.4 mn Square Meters in Al Sadat

SDM for Development and Management, a subsidiary of engineering services company Elsewedy Electric, has won a bid to develop 1.4 mn square meters in Al Sadat City

Egypt, EBRD Ink USD 200 mn Energy Efficiency Deal

Minister of Investment and International Cooperation Sahar Nasr has signed a USD 200 mn investment agreement with the European Bank for Reconstruction and Development (EBRD)

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