China Likely to Offer ¥160 Bn to Major Developers

According to the plan, the People’s Bank of China is set to inject ¥80 bn worth of loans at 1.75% interest.

Inertia Pens EGP 850 mn Bridge Loan with Banque Misr & Banque Du Caire for Jefaira Project

This financing will support the company’s plans in increasing the construction work in Jefaira, which is strategically located on the Mediterranean Sea.

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 ...

Sukuk Capital to Launch Finance Program for Developers in 2023

Since its establishment in May 2021, Sukuk Capital provides over SAR 1 bn in financing to more than 75 companies in Saudi Arabia, Alsayyari reveals.

Ministry of Housing Launches 38th AUHF Conference to Support Green Transformation

She adds that officials from South Africa, Kenya, Nigeria, the World Bank, the International Finance Corporation (IFC), the UN Habitat program, and Habitat for Humanity International, as well as a huge number of E ...

MG Developments, Abu Dhabi Bank Sign Cooperation Protocol for Mortgage

MG Developments announces the signing of a joint venture with the First Abu Dhabi Bank to finance clients for the Lavida projects with the longest repayment period of 15 years, Invest-Gate reports.

Egypt Receives USD 2.8 bn IMF Loan

Egypt received USD 2.8 bn from the International Monetary Fund’s (IMF) Rapid Financing Instrument on May 12, the Middle East News Agency (MENA) reports.

Egypt, AfDB in Talks for Cairo-Cape Town Highway

Minister of Transport Kamel El Wazir said that Egypt is holding discussions with the African Development Bank (AfDB) for a USD 1.5 bn (EGP 22.5 bn) loan to partially finance the Cairo-Aswan Road

Finance Ministry Denies Amendments to VAT, Income Tax Laws

Egypt's Ministry of Finance denied news circulated on any fundamental amendments made to the income tax and value-added tax (VAT) laws.

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