Arqa to Launch New Units in ‘I Business Park’ Project

Arqa Development is to launch new units in its "I Business Park" towers project, with flexible payment plans offered for the first time in the commercial district at the New Administrative Capital (NAC).

NAC’s Iconic Tower Now Stands 240 Meters High: Minister

Egypt’s Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that 49 stories of the 80-story Iconic Tower in the New Administrative Capital (NAC) have been built so far, thereby stand ...

Saudi Arabia Eases Curfews Nationwide

Saudi Arabia has partially lifted restrictions on April 26 across the country, while keeping 24-hour curfews in the city of Mecca and neighborhoods previously put in isolation

MNHD Nods to EGP 150 mn Facility from United Bank

The Board of Directors (BoD) of Madinet Nasr for Housing and Development (MNHD) has approved an EGP 150 mn credit facility extended by the United Bank.

Egypt’s Free Zone Exports Reach USD 6 bn in 4M: Minister

Minister of Investment and International Cooperation Sahar Nasr said on May 12 that exports of Egyptian free zones amounted to USD 6 bn during the first four months of 2019.

TMG to Set Up Mortgage Finance JV With GB Capital, EFG Hermes

Talaat Moustafa Group (TMG) Holding has agreed to establish a mortgage finance joint venture (JV) with GB Capital, financing subsidiary of GB Auto, and EFG Hermes, in a bid to serve Egypt’s growing population of h ...

Development & Engineering Consultants to Raise Capital 

Egyptian engineering services provider Development & Engineering Consultants is to raise its issued capital, Invest-Gate reports

EGX Nods to Zahraa Maadi, First Investment Capital Raises

The Egyptian Exchange’s (EGX) Listing Committee approves the requests submitted by Zahraa Maadi Investment and Development, First Investment, and Real Estate Development to raise their capitals, Invest-Gate reports.

Arabtec Board Nods to Capital Raise

Dubai’s developer Arabtec Holding’s BoD approved on Sunday, April 18, the increase of its capital by AED 1.5 bn, Invest-Gate reports.  

EGX Nods to Madinet Nasr Housing Capital Raise

Egyptian urban developer Madinet Nasr Housing and Development Company (MNHD) gets an approval from the Listing Committee of the Egyptian Exchange (EGX) to list the increase of its authorized capital, Invest-Gate repo ...

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