CED Contributes With EGP 10 mn to Tahya Masr Fund

• Tuesday, 31st March 2020
• by Invest Gate

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

• Wednesday, 27th November 2019
• by Invest Gate

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

• Tuesday, 11th June 2019
• by Invest Gate

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

• Wednesday, 2nd January 2019
• by Invest Gate

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

• Tuesday, 11th July 2017
• by Menna A. Farouk

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

• Thursday, 22nd June 2017
• by Menna A. Farouk

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

• Wednesday, 19th April 2017
• by Nayrouz Talaat

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.

Egyptian Banks Pump EGP 2 B in CBE’s Mortgage Initiative

• Friday, 8th April 2016
• by Nadine Abou el Atta

Egypt’s local banks placed EGP 2 billion pounds ($225 million) in the Central Bank of Egypt’s (CBE) low income mortgage initiative in March 2016, Chairman of the Mortgage Finance Fund (MFF), May Abdel Hamid, told Amw ...