PM Forms 2 Ministerial Committees to Settle Investment Disputes

Prime Minister Mostafa Madbouly has mandated the formation of two ministerial committees for settling different investment disputes.

PHD Closes EGP 1.1 bn Loan Facility to Settle Debt

Egypt's property developer Palm Hills Developments (PHD) signed on December 18 a deal with the Commercial International Bank Egypt (CIB) to secure EGP 1.1 bn medium-term loan facility.

Cairo ICT 2019 Heeds Digital Transformation, Smart City Applications

President Abdel-Fattah El-Sisi inaugurated the 23rd edition of Cairo ICT, which took place the Egypt International Exhibition Center (EIEC) from December 1 to 4, bidding to highlight the key benefits within digita ...

MNHD Posts Lower Profits in 9 M

Egypt's property developer Madinet Nasr Housing and Development (MNHD) reported a consolidated net profit of EGP 631 mn during the first nine months of 2019, a decline from EGP 869.1 mn during the same period last ...

City Edge Secures EGP 20 bn Revenues in 20 M

CEO of City Edge Developments (CED) Amr El Kady has revealed that his company's revenues touched EGP 20 bn over the course of 20 months

Alburouj Phase I to be Delivered This Year: Imkan

Abu Dhabi's Imkan said the first phase of Alburouj development in east Cairo, near Shorouk City, will be delivered this year.

Elsewedy Electric, Toyota to Build 2 Solar Plants in Zambia

Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, inked a contract with Toyota Tsusho Corporation on August 28 to jointly design and construct two 50-megawatt photovoltaic power pl ...

Alila Salalah to Launch New Coastal Resort in Oman Next Year

Oman Investment Fund's Alila Salalah Company is set to develop a new luxury beachfront resort, dubbed "Alila Hinu Bay," in Dhofar Governorate, Oman, by the first quarter of 2020.

Qalyubia to Have Specialized Investment Zone

Prime Minister Mostafa Madbouly issued a decision on July 22 to establish a specialized investment area, covering 15,029 square meters in the Delta city of Benha, Qalyubia Governorate.

Six Provinces to See EGP 113.3 mn Infrastructure Development Projects

Prime Minister Mostafa Madbouly has witnessed the signing of six agreements for implementing multiple labor-intensive infrastructure projects, aimed at developing six different provinces across Egypt, with investm ...

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