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EFG Hermes Unveils USD 300 mn Education Platform in Egypt

Egyptian investment bank EFG Hermes has entered into an exclusive partnership agreement with Global Education Management Systems (GEMS Education) to jointly establish an investment platform worth USD 300 mn, targeting the basic education sector in Egypt

Arab Contractors to Sell 4% Stake in El Mostakbal

Arab Contractors, an Egyptian construction and contracting company, will sell 4% of its shareholding in El Mostakbal for Urban Development to two local banks

Madbouly Finalizes Infrastructure, Utilities Works Across Egypt

Minister of Housing, Utilities, and Urban Communities, Mostafa Madbouly announces the completion of five drinking water projects in Kafr El-Sheikh costing EGP 144 mn, plus three sanitation projects worth EGP 212 mn to be finalized by end of 2018

SODIC, MHND Meet for Possible Merger

Madinet Nasr Housing and Development (MHND) and Sixth of October Development and Investment (SODIC) have held a meeting on Thursday, May 17, in the presence of their advisors and top management to discuss options available for either merger or acquisition

CBE Keeps Interest Rates Unchanged

The Central Bank of Egypt (CBE) decided to keep the overnight deposit interest rates unchanged at 16.75% and to also maintain the overnight lending rate at 17.75% in a meeting on Thursday, May 17

SODIC Records Revenues of EGP 512 mn in Q1

Sixth of October for Development & Investment Company (SODIC) reported a decline in its revenues to almost EGP 512 mn during the first quarter of 2018, including minority shareholders’ rights, versus EGP 703 mn logged during the same period last year

Egypt’s Palm Hills Logs EGP 224 mn Net Profit in Q1

Palm Hills Developments (PHD) announces a net profit of EGP 224 mn during the first quarter of 2018

Egypt’s Annual Urban Consumer Price Inflation Falls in April

Egypt’s annual consumer price inflation has decreased in April 2018

Coldwell Banker Egypt Celebrates 2017 Achievements

Coldwell Banker Egypt has celebrated last year’s success in their annual event that took place last night

Latest Construction Updates in South Sinai Revealed

Minister of Housing, Utilities, and Urban Development Mostafa Madbouly and South Sinai's Governor Khaled Fouda have met to check out the latest updates on construction works taking place in South Sinai

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