CED Contributes With EGP 10 mn to Tahya Masr Fund
City Edge Development, Egypt's national real estate developer, announced its contribution with EGP 10 mn to the Tahya Misr Fund
CBE Kicks off Initiative for E-Collection of Mortgage Payments
The Central Bank of Egypt (CBE), in collaboration with the Social Housing and Mortgage Finance Fund, has launched an initiative to start the collection of mortgage installments via e-payment methods in partnership ...
ERC Proposes 8-12% Middle-Income Mortgages Interest Rates
The Egyptian Real Estate Council (ERC) has proposed renewing interest rates applied on mortgage financing for would-be middle-income homebuyers to range from 8 to 12%
UAE Banks Invest AED 47.2 bn in Egypt in Q3 2018
The investment of UAE’s banks in Egypt reached AED 47.2 bn at the end of Q3 2018, logging a higher amount than those pumped into Saudi Arabia - which are estimated at AED 40 bn.
Al-Futtaim Signs Deal with Four Banks to Conclude Phase II of Cairo Festival City
Dubai-based leading real estate developer, Al-Futtaim Properties, signs an agreement with four banks to borrow EGP 125 bn (USD 69.9 mn) and finance part of the second phase of a giant project east of Cairo, Invest-Ga ...
Dubai’s Drake & Scull In Talks with Banks to Sell Plots of Land
Dubai-based building contractor Drake and Scull International PJSC (DSI) is in talks with banks to divest some of its assets, Reuters reports.
Arabtec Asks Banks to Waive Debt Terms
Dubai-listed Arabtec Holding is asking banks to waive terms on its debt after it reported accumulated losses of AED 4.6 bn (USD 1.25 bn) last year, Invest-Gate reports.
