Union Pharmacist to Co-Develop Residential Project in New Minya

Union Pharmacist Company for Medical Services and Investment's (UPMS) board of directors (BoD) has approved the joint establishment of an 840-acre integrated residential compound, in the northern expansions area o ...

5th ‘Egypt Can’ Conference to Host 65 Expat Investors

"Egypt Can" conference will resume its fifth round next week from October 16 to 17, under the title "Egypt Can with Investment and Development," inviting 65 of the top Egyptian expat investors.

Palm Hills Alexandria Phase II to Kick off Soon

Egypt's real estate developer Palm Hills Developments (PHD) will launch the second phase of its Palm Hills Alexandria project on November 1, offering a wide variety of unit sizes.

CBE Makes 2nd Consecutive Cut to Interest Rates

The Central Bank of Egypt (CBE) made the second consecutive cut to key rates by 1% (100 bps), driven by the declining inflation rates, which hit a six-year low in August, alongside the falling unemployment and soa ...

Egypt Allots EGP 9.3 bn to Social Housing in FY 2019/20

The government allocated a total of EGP 9.3 bn for the social housing program in FY 2019/20, complementing its plan to ensure decent lives for all citizens through building integrated urban communities.

Egypt Allots EGP 15.4 bn to Local Development in FY 2019/20

Egypt’s Planning Minister Hala El-Saeed said the government has allocated investments totaled at EGP 15.4 bn for the local development program in FY 2019/20.

Hilton, Alshaya Group Partner for 70 Hampton by Hilton Hotels

Hilton and Alshaya Group announced on July 31 the exclusive signing of a master development agreement to launch and develop 70 Hampton by Hilton hotels in nine countries, most of which will be in the Middle East, ...

DAMAC Welcomes 1st Residents of AKOYA

DAMAC Properties has begun handovers at "Claret," a cluster of its landmark 55 mn square-feet master development in Dubai, dubbed AKOYA.

SODIC Assigns CONSTEC to Construct New Project Within SODIC West

Six of October Development and Investment (SODIC) and Construction and Design (CONSTEC) inked on April 20 an EGP 210 mn construction contract for a residential project within SODIC West compound in Sheikh Zayed ci ...

Emaar Misr Donates EGP 878 mn to Development of Slums

Emaar Misr said its board of directors approved on April 16 donating EGP 878 mn (USD 50 mn) for the development of slums and informal areas in Egypt.

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