Marseilia Egyptian Gulf Real Estate Investment Quarterly Profit Falls

• Monday, 10th July 2017
• by Menna A. Farouk

The Marseilia Egyptian Gulf Real Estate Investment quarterly net profit after tax accounts for EGP 3.7 mn versus EGP 26 mn one year ago, Invest-Gate reports.

CBE: USD 57 bn Cash Flow into Banks in 8 Months

• Monday, 10th July 2017
• by Menna A. Farouk

Central Bank Governor Tarek Amer announces cash inflows into Egypt's banking system totalled over USD 57 bn since Egypt floated its currency in November, according to Reuters.

Spain Eyes More Investments in Egypt

• Thursday, 6th July 2017
• by Menna A. Farouk

A group of Spanish investors are willing to increase their investments in Egypt amid improving investment climate, Invest-Gate reports.

EGX Nods to Zahraa Maadi, First Investment Capital Raises

• Thursday, 6th July 2017
• by Menna A. Farouk

The Egyptian Exchange’s (EGX) Listing Committee approves the requests submitted by Zahraa Maadi Investment and Development, First Investment, and Real Estate Development to raise their capitals, Invest-Gate reports.

Remco Releases Stella Di Mare Phase II

• Thursday, 6th July 2017
• by Menna A. Farouk

Egyptian construction firm Remco Tourism Villages Construction Company (RTVC) is launching a new phase of a project located beside the original Stella Di Mare site in Ain Sokhna, Invest-Gate reports.

Egypt To Offer 24,000 Land Plots For Various Purposes

• Thursday, 6th July 2017
• by Menna A. Farouk

The government is to offer 24,000 land plots for investments and services in new cities next week, Invest-Gate reports. Minister of Housing Mostafa Madbouly described the tender as "the largest land tender ever".  

Memaar Al Morshedy Reveals Details on Katameya Gate

• Wednesday, 5th July 2017
• by Menna A. Farouk

Egyptian real estate developer Memaar Al Morshedy releases a new project following the success of Katameya One, Invest-Gate reports.

Gov’t Announces EGP 10 bn Housing Plan for FY2017-18

• Wednesday, 5th July 2017
• by Menna A. Farouk

The government unveils its housing plan for FY2017-18, Invest-Gate reports.

Gov’t to Deliver 6,839 Units by Year-End

• Tuesday, 4th July 2017
• by Menna A. Farouk

The government is to hand over new social housing units in 10 governorates by the end of this year, Invest-Gate reports.

Orascom Construction to Build Power Plant worth USD 100 mn

• Tuesday, 4th July 2017
• by Menna A. Farouk

Egypt’s contractor Orascom Construction Limited (OCL) wins a deal to build a new power plant, Invest-Gate reports.