El Obour Real Estate Turns Profit in H1 after Losses in 2015

• Tuesday, 16th August 2016
• by Heba Eid

El Obour Real Estate Investment (OBRI), an Egypt-based real estate developer, turned a profit for the first half of 2016, revealed a bourse statement.

MNHD Records 140% Increase in New Contracts in 2016

• Tuesday, 16th August 2016
• by Heba Eid

Madinet Nasr Housing and Development (MNHD), an Egypt-based real estate developer, released its second quarter financial statements, recording revenues of EGP 220.2 million.

SODIC Records Net Profit of EGP 158M in H1 2016

• Tuesday, 16th August 2016
• by Heba Eid

Sixth of October Development & Investment Company (SODIC), an Egypt-based real estate developer, recorded a net profit of EGP 97 million for the second quarter of 2016.

34,000 Acres in Wadi Al Natroun to be Tendered on August 21

• Monday, 15th August 2016
• by Heba Eid

TThe Government Services Authority is scheduled to offer 34,000 acres in a public land auction in Natroun Valley, on behalf of the Land Recovery Committee.

Dashour Social Housing Owners in Protest

• Monday, 15th August 2016
• by Heba Eid

Owners of the social housing units in Dashour, 6th of October City are protesting against high interests on the required maintenance deposit.

Abraj Misr Launches New Phase of North Coast’s The Shore Project

• Monday, 15th August 2016
• by Heba Eid

Abraj Misr, an Egypt-based real estate developer, launched a new phase of The Shore project in Ras El Hekma in the North Coast.

New Avenue, Premiere Financial Consultants Sign Cooperation Protocol Agreement

• Sunday, 14th August 2016
• by Heba Eid

New Avenue Real Estate, a real estate marketing and brokerage firm, signed a cooperation protocol with Premiere Financial Consultants Inc. to jointly implement projects and develop strategic alliances with investors and developers.

14,000 Applied to Obour City Authority to Validate Land Ownership

• Sunday, 14th August 2016
• by Heba Eid

About 14,000 people have applied to the Obour City Authority to have their land ownership validated following the presidential decree for the establishment of New Obour City.

CBE Allocates EGP 500M to Mortgage Initiative

• Sunday, 14th August 2016
• by Heba Eid

The Central Bank of Egypt (CBE) allocated EGP 500 million to mortgage finance firms as the first of many tranches to be allocated.

ARCO Egypt Launches EGP 2 B City Stars Al Sahel Project

• Sunday, 14th August 2016
• by Heba Eid

Al Arabia Real Estate and Development (ARCO Egypt), an Egypt-based real estate developer, launched the first phase of City Stars Al Sahel Project.