EBRD to Offer USD 200 mn to Finance Green Mall in East Cairo

The European Bank for Reconstruction and Development (EBRD) plans to provide USD 200 mn loan to finance building a green shopping and entertainment mall, City Center Almaza, in east Cairo.

Elsewedy Electric Acquires Renewable Energy Assets in Greece

Elsewedy Electric, an integrated energy and infrastructure solution provider, has entered into a purchase agreement with R.F. Energy, a subsidiary of F.G Europe, to acquire 100% stake in four Greece-based companie ...

Egypt Logs EGP 35.6 bn Initial Budget Surplus in 9M: Minister

The Egyptian government managed to record an initial budget surplus of EGP 35.6 bn during the first nine months of FY 2018/19.

AccorHotels Plans to Open Over 30 Hotels in Egypt Within 2 Yrs

AccorHotels CEO for Middle East and Africa Mark Willis announced plans for opening 60 new hotels in 14 countries in Africa in the next four years

Egypt Inks USD 3 bn Loan Deal with Chinese Bank for NAC Business Zone

Egypt signed on April 28 a USD 3 bn loan with the Industrial and Commercial Bank of China (ICBC) to finance the designing and establishment of the Central Business District (CBD) in the New Administrative Capital ...

Hilton Plans for 100 Hotel Openings in MENA by 2023

Hilton expects to open 100 hotels across the MENA region by 2023, mainly in UAE, Saudi Arabia, Kuwait, Bahrain, Morocco, and Egypt.

Net Foreign Reserves Rise to USD 44.11 bn by End-March

The Central Bank of Egypt (CBE) announced on April 3 that the country’s net foreign reserves rose to USD 44.11 bn by the end of March, compared to USD 44.06 bn in the month-ago period.

#TimeToGiveBack: Invest-Gate Invites Real Estate Industry to Its Charitable Sohour

Under the slogan, "Time to Give Back," Invest-Gate is to host its first annual real estate industry charitable sohour, this Ramadan, giving back to the Leprosy community across Egypt.

Egypt’s Urban Inflation Rises to 14.4% in February

The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported that the annual headline inflation rate reached 14.4% in February 2019, compared to 12.7% in the prior month.

Deputy Minister Talks to Foreign Media on MIPIM Sidelines

Khaled Abbas, deputy minister of housing for national projects, said real estate investment in Egypt is one of the promising sectors, while referring to the new cities being implemented by the state, including the ...

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