Egyptian Resorts Company Swings to Profits in Q1

• Thursday, 1st June 2017
• by Menna A. Farouk

Egyptian Resorts Company (ERC) posts consolidated net profits of EGP 66.08 mn during the first quarter of 2017, against losses worth EGP 1.42 mn in the prior-year period, Invest-Gate reports.

Marseille Sets Up New Asset Management Firm

• Thursday, 1st June 2017
• by Menna A. Farouk

Egyptian real estate investment company Marseille Almasreia Alkhalegeya for Holding Investment is contributing to the establishment Marseille Asset Management Company Marseille Asset Management Company with a licensed capital of EGP 2.5 mn, Invest-Gate reports.

Norway Plans to Increase Investments in Egypt to USD 2 bn

• Wednesday, 31st May 2017
• by Nayrouz Talaat

Norway plans to increase its investments in Egypt to around USD 2 bn during the upcoming period, Invest-Gate reports.

Remco For Tourism Village Construction Losses Decline in Q1

• Wednesday, 31st May 2017
• by Nayrouz Talaat

Remco for Tourism Village Construction Company’s standalone net loss declines in the first quarter of 2017 by 43.55% to stand at EGP 22.4 mn, compared to EGP 24.7 mn a year ago, Invest-Gate reports.

Work Starts at Villas District in New Administrative Capital

• Wednesday, 31st May 2017
• by Menna A. Farouk

Construction works are starting at the site of the villas district as part of the residential community in the New Administrative Capital, Invest-Gate reports.

Three Property Insurers Vying to Win Egypt GASCO’s Insurance Policy Tender

• Tuesday, 30th May 2017
• by Nayrouz Talaat

Three insurers are competing to win a property insurance policy tender launched by the state-run Egyptian Natural Gas Company (GASCO), Invest-Gate reports.

Emaar Misr Launches Fountainside Residence in Uptown Cairo

• Tuesday, 30th May 2017
• by Nayrouz Talaat

Emaar Misr announces the launch of the first phase of Fountainside Residence in Uptown Cairo on May 24, Invest-Gate reports.

Germany Plans to Inject Investments Worth EUR 360 mn in Egypt’s Projects

• Tuesday, 30th May 2017
• by Fatma Khaled

Germany is planning to inject investments worth EUR 360 mn in several projects in Egypt covering the fields of housing, renewable energy, as well as small- and medium-sized enterprises, Invest-Gate reports.

El-Mamoura Company for Construction to Launch 2 New Projects in Alexandria

• Tuesday, 30th May 2017
• by Menna A. Farouk

El-Mamoura Company for Construction and Tourism Development plans to implement a commercial and residential project spanning an area of 4,000 square meters in Alexandria during the next fiscal year, Invest-Gate reports.

HDB Profits Grow 203% in Q1

• Tuesday, 30th May 2017
• by Menna A. Farouk

Egypt’s Housing and Development Bank (HDB) posts consolidated profits of EGP 556.8 mn in Q1 of 2017, up 203% y-o-y from EGP 183.7 mn, Invest-Gate reports.