Euro-Med. Initiative Offers USD 23 bn to Egypt’s Private Sector

• Wednesday, 12th April 2017
• by Nayrouz Talaat

The Euro-Mediterranean initiative for financing small and medium-sized enterprises is offering loans, grants, and technical assistance worth USD  23 bn to Egypt’s private sector, Invest-Gate reports.

ODH Posts Gross Profit Of CHF 11.3 mn, Net Loss Of CHF 196.4 mn, 2016

• Wednesday, 12th April 2017
• by Leena ElDeeb

Orascom Development Holding (ODH) posts gross profit of CHF 11.3 mn and net loss of CHF 196.4 mn in 2016 compared to a gross profit of CHF 71.1 mn and a net loss of CHF 19.1 mn a year earlier, Invest-Gate reports.  

Increase in Traffic on OLX Properties from Egyptian Expats After EGP Float

• Wednesday, 12th April 2017
• by Nayrouz Talaat

Egyptian expats in Saudi Arabia have the highest online demand on OLX Properties, accounting for 56 per cent of overall traffic, especially after the Egyptian government floated the EGP last November, Invest-Gate reports.

Majid Al Futtaim Retail Seeks More Investments in Egypt

• Tuesday, 11th April 2017
• by Nayrouz Talaat

Emirati retail giant Majid Al Futtaim Retail, operator of Carrefour supermarkets, seeks to increase its investments in Egypt’s retail sector, Invest-Gate reports.

22 Investors in Upper Egypt Receive First Industrial Lands Free of Charge

• Tuesday, 11th April 2017
• by Nayrouz Talaat

A total of 22 investors have received land plots free of charge in the country’s southern cities of Sohag and Assiut, Invest-Gate reports.

SODIC Signs 1.3 bn Deal with AAIB to Finance SODIC West Project

• Tuesday, 11th April 2017
• by Leena ElDeeb

Egypt’s real estate developer SODIC announces that it has signed a medium term facility package worth EGP 1.3 bn with the Arab African International Bank to expedite construction works at its mixed-use development in Sheikh Zayed SODIC West, Invest-Gate reports.

PHD Inks EGP 852 mn Loan To Finance 190 Feddans, West Cairo

• Tuesday, 11th April 2017
• by Leena ElDeeb

Egypt’s real estate developer, Palm Hills Developments (PHD), signs a syndicated medium term loan agreement worth EGP 852 mn with the aim of partially financing the recently-acquired 190 feddans in West Cairo, Invest-Gate reports.                       

South Korea’s LG To Pump Investments worth EGP 2 bn in Egypt

• Monday, 10th April 2017
• by Leena ElDeeb

South Korean giant LG Electronics is to pump investments worth EGP 2 bn (USD 120 mn) in the Egyptian market, Invest-Gate reports.

Italgen, General Electric Eye Egypt For Development Projects

• Monday, 10th April 2017
• by Leena ElDeeb

Italgen, Italian energy generation company, and General Electric Egypt, American multinational conglomerate corporation,  are to work on different development projects in the infrastructure and energy sectors, Invest-Gate reports.

Dar Misr Extends Installment Collection Term

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

The state-run New Urban Communities Authority extends the term for installment collection in the second phase of the “Dar Misr” units until the date buyers are notified of receiving them, Invest-Gate reports.