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.

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

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 ...

Page 2 of 2


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password