Property Deals Hit 8-Month High in Hong Kong

Authorities start opening land borders between China and Hong Kong as of January 8th after the cancelation of China’s zero-Covid policy.

Chinese Property Companies Raise 33.4% YoY More Finance in December

The People's Bank of China states earlier this month that the floor on mortgage rates can be lowered or abolished for first-time home buyers in phases, in the case of cities where the selling prices of new homes f ...

India to Lead Global Demand for Steel in 2023

The forecast flourishing of Indian demand for steel, coupled with the decelerated demand in China caused by the surge in Covid cases, position India as a savior of the global demand for the metal.

Ascott Secures 25 New Properties Globally Despite Pandemic

CapitaLand’s wholly-owned lodging subsidiary The Ascott Limited has secured contracts for 25 new properties that contribute over 5,400 units across 19 cities around the world, amid the COVID-19 headwinds.

Egypt, China to Build EGP 303 mn Substation in Madinaty II

The Egyptian Electricity Transmission Company (EETC) has partnered with a Chinese consortium to build a substation in Madinaty II, east Cairo, at costs estimated at EGP 303 mn.

CSCEC Provides Egypt With Medical Aids Amid COVID-19

Yu Tao, CEO of China State Construction Engineering Corporation (CSCEC), has announced that his company provided the Egyptian government with several medical aids and equipment,

EU Applies Tariffs on Glass Fiber from China, Egypt  

The European Union (EU) will apply tariffs of up to 99.7% on glass fiber producers in China and Egypt for selling at unfairly low prices

NAC’s First Skyscraper Skeleton Construction Finished

Construction skeleton of the 'CO3' skyscraper, the first skyscraper at the Central Business District at the New Administrative Capital, is finished

US-China Deal Draws USD 490 mn Foreign Inflows to Egypt

The US-China trade agreement has contributed to the extension of USD 490 mn (EGP 7.85 bn) worth of foreign investments to Egypt in a single day.

CBE Says Egypt’s Foreign Trade Exchange Rose 11.3% in H1 2019

The Central Bank of Egypt (CBE) said on May 23 the volume of Egypt's foreign trade exchange recorded EGP 47.7 bn in the first half of FY 2018/19 versus EGP 42.85 bn in the year-ago period

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