Egypt’s Housing and Development Bank Q2 Consol Profit Rises

• Tuesday, 29th August 2017
• by Farah Montasser

Cairo-based Housing and Development Bank announces a rise in its consol net profit at EGP 259.1 mn during the second quarter of 2017, compared to EGP 222.7 mn at the same time last year

Singapore Cooperates With Egyptian Gov’t to Develop SCZone

• Tuesday, 29th August 2017
• by Farah Montasser

Egypt and Singapore agree on a mutual co-operation in upgrading ports, shipbuilding and growing investment in the SCzone

Al Ahly for Real Estate Development Unveils New Project

• Sunday, 27th August 2017
• by Farah Montasser

Egypt’s Al Ahly for Real Estate Development announces its latest project in partnership with Al Mostakbal City

New Administrative Capital’s Units launched This September

• Sunday, 27th August 2017
• by Farah Montasser

The government is to launch the sale of villas and apartments at the New Administrative Capital beginning of September and right after the Adha Feast holiday

SODIC, AAIB Sign Contract to Increase Credit Facility

• Thursday, 24th August 2017
• by Menna A. Farouk

Cairo-based real estate developer Sixth of October Development and Investment Company (SODIC) signs a new contract with Arab African International Bank (AAIB) to increase its credit facility amount, Invest-Gate reports.

Orascom Construction Q2 Consol Profit Falls

• Thursday, 24th August 2017
• by Menna A. Farouk

Cairo-based global engineering and construction contractor Orascom Construction reports consol profit attributable to shareholders dropping to USD 23.7 mn during the second quarter of 2017 from USD 26 mn in the same period one year ago, Invest-Gate reports.

EALB, EFG Hermes Ink Deal to Support Small Businesses

• Thursday, 24th August 2017
• by Menna A. Farouk

The Egyptian Arab Land Bank (EALB) and EFG Hermes Leasing are signing an agreement to provide leasing solutions for fixed assets to small businesses, Invest-Gate reports.

Development & Engineering Consultants to Raise Capital 

• Thursday, 24th August 2017
• by Menna A. Farouk

Egyptian engineering services provider Development & Engineering Consultants is to raise its issued capital, Invest-Gate reports

Heliopolis Housing Awards EGP 7.4 mn for New Project 

• Thursday, 24th August 2017
• by Menna A. Farouk

Egyptian real estate company Heliopolis Co. for Housing and Development awards a contract for Utilco for Engineering and Contracting, Invest-Gate reports.

Somabay Offers Attractive Payment Plans For A Limited Time Only

• Wednesday, 23rd August 2017
• by Menna A. Farouk

Somabay announces its attractive payment plans on its two projects, Baywest and Wadi Jebal, at the Somabay on the Red Sea, Invest-Gate reports.