City Edge Developments Hosts Reception Ceremony for EPS in London

Egypt-based property developer City Edge Developments has hosted a reception ceremony in London, under the auspices of Egyptian Ambassador to the UK Tarek Adel, on the sidelines of Egypt Property Show (EPS) in Lon ...

Tourism Ministry Opens Egypt’s Pavilion at London’s World Travel Market

Minister of Tourism Rania Al Mashat has announced the opening of Egypt's pavilion at the World Travel Market (WTM) in London, attempting to provide visitors with "an immersive glimpse of what the country has to of ...

Egypt’s Economy Grows 5.3% in Q1 FY2018/19

Egypt's economy grew by about 5.3% YoY during the first quarter of the FY 2018/19, with gas, telecommunication, and construction sectors, as well as revenues from the Suez Canal, mainly contributing to such growth ...

Modus Capital Launches its First Operations Branch in Egypt

New York-based Modus Capital, an entrepreneurial development and investment fund, officially launched its operations branch in Egypt on November 7

Landmark Sabbour, Lakeside to Develop EGP 10 bn Project in New Cairo

Landmark Sabbour has signed a memorandum of understanding (MoU) with Libyan-based Lakeside for Real Estate and Touristic Investments, a subsidiary of Libyan Foreign Investment Company,  to cooperate on a new proje ...

Hilton Ponders to Run 25 Properties in Egypt by 2022

With a portfolio of 17 properties across Egypt, the leading global hospitality company Hilton has unveiled its ambitious plans to expand in the country and run 25 properties by 2022

LuLu Group Mulls Investing USD 500 mn in Egyptian Expansion

UAE-based retail company Lulu Group is eyeing to invest USD 500 mn in building four new hypermarkets across distinct cities in Egypt over the next two years

Castle Landmark’s 1st Phase is 80% Sold Out: CEO

Castle Development CEO Ahmed Mansour revealed on October 18 that the company has sold 80% of its new capital smart residential compound's first phase, Castle Landmark, with foreign buyers acquiring almost half of ...

Marakez Pays Off Mall of Arabia’s EGP 2 bn Loan

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, has fully paid off Mall of Arabia's EGP 2 bn credit facility to the Commercial International Bank (CIB) and other banks, "en ...

World Bank Aids Egypt’s Foreign Investments Soar by EGP 14 bn in Renewables

The World Bank Group President Jim Yong Kim has praised Egypt's success in investing in human capital, noting that it has aided the country in raising foreign investments by up to EGP 14 bn, from the private secto ...

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