debt terms
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Developers
ODE Seals USD 265 mn Loan Agreement
Tuesday, 24 November 2020
Orascom Development Egypt (ODE) has sealed a medium-term loan deal worth USD 265 mn (EGP 4.1 bn) to refinance outstanding debt and bankroll growth plans.
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Government
Egypt Secures EGP 16 mn Belgian Grant for Baron Palace
Tuesday, 17 September 2019
Egypt and Belgium signed a Memorandum of Understanding (MoU) to fund Heliopolis’ Baron Empain Palace restoration, with EGP 16 mn, a step coming merely two months ahead of the iconic spot's grand opening.
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Developers
Orascom Eyes Buying Shares in Sawiris’ Andermatt Swiss Alps
Wednesday, 9 January 2019
Egypt-based Orascom Development Holding entered into an agreement with its Chairman Samih Sawiris for the potential purchase of 1% and one share of Andermatt Swiss Alps (ASA), a real estate firm managed by Sawiris, within the next two years.
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Arabtec Asks Banks to Waive Debt Terms
Wednesday, 19 April 2017
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.
Latest News
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Manara Developments Partners Orange Egypt for Bella Vento Project
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Eden Development Signs Agreement with Air Cairo
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Capriole Achieves 85% of LINX Complex's Construction in NAC
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El Mansour Development Achieves Targeted Sales During Al Ahram Aqari Exhibition
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Last Modified January 3, 2022