MNHD Inks Deal with BNY Mellon to Issue GDRs

• Thursday, 14th September 2017
• by Invest Gate

Egyptian urban developer Madinet Nasr for Housing and Development (MNHD), says its board of directors approved on Tuesday, September 12, the conversion of 1.5 mn shares of its capital to global depository receipts (GDRs)

Egypt’s Euromoney Conference to Begin September 18

• Wednesday, 13th September 2017
• by Invest Gate

The annual Euromoney Egypt Conference will be held this year on September 18-19 under the slogan “Increasing the Role of the Private Sector in Egypt”

Egypt’s Net FDI Rises 14.5% in FY2016/17

• Wednesday, 13th September 2017
• by Invest Gate

Egypt’s net foreign direct investment (FDI) increased 14.5% year-on-year in FY2016/17

Gov’t to Build 15 Towers in New El Alamein City

• Wednesday, 13th September 2017
• by Invest Gate

The Egyptian government will start developing new construction projects in the New El Alamein City, located on the western side of the North Coast

Capital Group Properties to Launch Clubside Residence Soon

• Tuesday, 12th September 2017
• by Invest Gate

Capital Group Properties (CGP) is unveiling a new project at Al Borouj development in New Cairo

Gov’t, Palm Hills Partner to Develop EGP 150 bn October Oasis

• Tuesday, 12th September 2017
• by Invest Gate

The Ministry of Housing, represented by the New Urban Communities Authority (NUCA), signed on Monday, September 11, a partnership agreement with Palm Hills Developments for a new development project

Egypt’s Annual Urban Inflation Falls to 31.9 % in August

• Monday, 11th September 2017
• by Invest Gate

Egypt’s inflation indicators eased slightly in August compared to record-high figures registered in July

Egypt’s Stock Exchange to Reduce Trading Halt Time

• Monday, 11th September 2017
• by Invest Gate

Egypt's financial regulator has approved the stock exchange's decision to reduce trading halt times to 15 minutes, down from 30 minutes, as of Tuesday's session, the exchange said on Monday, in an effort to boost market activity

Egypt’s Heliopolis Housing Aims for EGP 1.2 bn Sales This FY

• Monday, 11th September 2017
• by Invest Gate

Egypt-based Heliopolis Co for Housing and Development achieved August sales of housing units amounting to EGP 76.1 mn

EIB to Sign 3 Infrastructure Funding Agreements in Egypt

• Monday, 11th September 2017
• by Invest Gate

The EU commissioner in Egypt announced in a Monday statement that the European Investment Bank (EIB) will sign on Wednesday three agreements to fund infrastructure projects in Egypt