News / Egypt

Orascom Posts Strong Results in Q2 2018

Egypt’s Orascom Construction logged a 113.5% year-on-year (y-o-y) increase of USD 50.6 mn in its net income attributable to shareholders during Q2 2018, Invest-Gate reports.

Tourism, Finance Ministries Ink Deal on Property Taxes for Hotels

The ministries of tourism and finance have signed an agreement on the standards of real estate tax valuation of hotels

Gov’t to Invest EGP 275 bn in Sinai Until 2022: Planning Minister

Egypt’s Planning Minister Hala El-Saeed said on Tuesday, August 28, that the state has allocated nearly EGP 275 bn for the development of the Sinai Peninsula until 2022

The Springs Sahel: A New Addition to North Coast

The Springs Sahel has recently been launched in the North Coast, particularly developed for the "unpretentious homely" community

Moody’s Changes Outlook on Egypt’s Ratings to Positive

Moody's Investors Service, a leading credit rating agency, has changed the outlook Egypt's long-term issuer ratings to positive from stable and has affirmed the B3 issuer ratings

Sabbour, Kuwait’s Manazel Ink EGP 229 mn Project Contract

Manazel Real Estate Developments, a subsidiary of Kuwaiti Manazel Holding, has signed an agreement with Egypt's real estate developer Landmark Sabbour to develop Layan Compound in New Cairo

Egypt, South Korea Ink EUR 243 mn Deal for Cairo Metro Line III

Egypt signed an agreement with South Korea for the procurement and manufacturing of 32 air-conditioned metro trains worth  EUR 243 mn for Cairo Metro Line III

UN-Habitat to Develop New Waterfront City in Egypt

The UN-Habitat Egypt has signed a contribution agreement with the New Urban Communities Authority (NUCA) and the Egyptian General Organization for Physical Planning (GOPP) to set a conceptual plan for the development of a waterfront city in Egypt's Northern Coast

Six Contractors to Build Latin Neighborhood in New Alamein

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly revealed that six contracting companies will build a neighborhood in New Alamein inspired by the ancient classic Alexandrian style

New Garden City to be Built in New Capital: Madbouly

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly revealed that the R5 district, to be named the New Garden City, will be built on an area of 1,000 acres in the New Administrative Capital

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