Egypt’s Pharos Holding Targets Deals Worth USD 400 mn

• Thursday, 7th September 2017
• by Farah Montasser

Egypt's Pharos Holding is targeting deals worth EGP 7.5 bn (USD 428 mn) over the next 18 months as it moves into non-banking sectors and enters areas such as real estate financing in 2018

Egypt to Start Construction of National Roads Project Phase III

• Thursday, 7th September 2017
• by Farah Montasser

The General Authority for Roads, Bridges and Land Transport (GARBLT) says it completed the blueprints for the third phase of the National Roads Project, set to be implemented immediately

MNHD Extends Deadline to Convert Shares into GDRs

• Thursday, 7th September 2017
• by Farah Montasser

Egyptian urban developer, Madinet Nasr for Housing and Development (MNHD), reveals it has extended the deadline set for shareholders wishing to convert their shares into global depository receipts (GDRs)

Madaar Development launches PAVO in Azha Ain Sokhna

• Thursday, 7th September 2017
• by Farah Montasser

Egypt’s real estate developer, Madaar Development, is launching a new project at the heart of Azha resort community located on the left side of Ain Sokhna

CI Ratings upgrades Egypt’s ratings

• Thursday, 7th September 2017
• by Farah Montasser

Capital Intelligence Ratings (CI Ratings) upgraded on September 1 Egypt's sovereign ratings

Arab Contractors: Construction Work on Parliament Building is Ongoing

• Thursday, 7th September 2017
• by Farah Montasser

Egyptian construction firm, Arab Contractors, unveils that construction work of new building of the Egyptian Parliament in the New Administrative Capital is on the pipeline

Egypt FDI Rises By 27.5% in FY2016-17

• Tuesday, 5th September 2017
• by Farah Montasser

Egypt saw a significant rise in its foreign direct investment (FDI) during FY2016-17

SODIC, CIB Ink EGP 270 mn Credit Facility Agreement

• Tuesday, 5th September 2017
• by Farah Montasser

Egyptian-based Sixth of October for Development and Investment Company (SODIC) announces a new credit facility agreement with Commercial International Bank (CIB)

Heliopolis Housing Sees Higher Profits by July-End

• Tuesday, 29th August 2017
• by Farah Montasser

Egyptian real estate company, Heliopolis for Housing and Development, posts a 256% profit rise by the end of July 2017 compared to the same period of 2016

Marseilia Land El Alamein Delivers its First and Second Phases

• Tuesday, 29th August 2017
• by Farah Montasser

Marseilia Land El Alamein project, affiliated to Marseilia Real Estate Investment, announces the complete delivery of phases I and II in New El Alamein City