ODE’s Net Real Estate Sales Spikes 282.8% in Q1 2019

Orascom Development Egypt (ODE) has reported that its net real estate sales soared by 282.8% to EGP 1.5 bn in Q1 2019 versus EGP 397.6 mn in the prior-year period, driven by a rise in unit sales at O West, its fir ...

MNHD Signs Deal to Finance Nasr Gardens Compound in West Cairo

Madinet Nasr for Housing and Development's (MNHD)'s board of directors has mandated the company's managing director to ink a protocol with a real estate finance company to fund housing units of Nasr Gardens compou ...

Emaar Misr Consolidated Profits Fall 16.8% in Q1 2019

Egypt's Emaar Misr has reported a 16.8% YoY decline in its consolidated net profits during the first three months of 2019, dropping by EGP 84.6 mn compared to the year-ago period.

Orascom Construction Net Profit Soars 84% in FY 2018

Egypt's Orascom Construction logged a sharp rise of 84% in net profits for FY 2018 to record USD 144.7 mn, compared to USD 78.5 mn a year earlier

Remco Achieves EGP 3 bn Sales From 2 Projects in East Cairo

Egypt-based Remco for Tourism Villages Construction has uncovered that sales of two of its newest projects in east Cairo have generated a total of EGP 3 bn so far.

MNHD Posts EGP 5.5 bn Presales in 2018

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has logged EGP 5.5 bn in presales, including sales contracts and units' reservations, during 2018, primarily through the company's flagship proje ...

TMG Holding’s Sales Hike 62% in 2018

TMG Holding reported on January 2 that its overall sales jumped 62% YoY to EGP 21.3 bn at the end of December 2018 from EGP 13.1 bn in 2017.

Development Projects Worth EGP 27.2 bn Implemented in Q1 2018/19: Minister

Egypt's Planning Minister Hala El-Saeed has unveiled that 490 development projects were implemented in the state's distinct sectors during Q1 of FY 2018/19, at a total cost of EGP 27.2 bn

Orascom Construction’s Adjusted Net Income Rise 208.5% in Q3 2018

Egypt-based Orascom Construction maintained its positive position in the third quarter of 2018, posting a 208.5% surge in its adjusted net income of USD 69.1 mn versus USD 22.4 mn in the year-ago period, excluding ...

Emaar Properties Posts 30% Growth in Revenues in 9M

Dubai-based Emaar Properties posted revenues of AED 17.4 bn in the first nine months of 2018, which is 30% higher than the revenue of AED 13.4 bn logged in the year-ago period

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