UAE Banks Weighing Proposed Caps to Property Lending

United Arab Emirates' bank lobby is proposing limits on bank lending to the real estate sector to protect them from being overexposed to sector.

Over 1,000 Factories Underway in 10th of Ramadan City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 1,016 factories are underway in 10th of Ramadan City, with investments estimated at EGP 3 bn.

Union Pharmacist to Co-Develop Residential Project in New Minya

Union Pharmacist Company for Medical Services and Investment's (UPMS) board of directors (BoD) has approved the joint establishment of an 840-acre integrated residential compound, in the northern expansions area o ...

Marjan Unveils RAK Property Opportunities at Expo Real

UAE's master developer Marjan has showcased its diverse range of investment opportunities in Ras Al Khaimah (RAK), mainly in the property and hospitality sectors, at Expo Real, the international trade fair for rea ...

Orascom Construction Inks USD 1.3 bn Deals in Q3

Orascom Construction (OC) has signed new contracts worth USD 1.3 bn in Q3 2019, spiking by 150% year-on-year (YoY) and 39% quarter-on-quarter (QoQ)

El Gazzar Brings Investment Opportunities to Egypt

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with UAE's Minister of Infrastructure Development and Businessman Khalaf Al Habtoor to review investment opportunities in Egypt.

Orascom Investment Sees Higher Losses in H1

Egypt-based Orascom Investment Holding (OIH) incurred higher net losses of EGP 153.3 mn in the first half of 2019, compared to EGP 141.2 mn recorded during the prior-year period.

SODIC to Launch EGP 34 bn Projects in New Zayed

Sixth of October Development and Investment Company (SODIC) has revealed its future plans to launch four additional projects in New Zayed, west Cairo, pumping investments worth EGP 34 bn over ten years.

Egypt Allots EGP 15.4 bn to Local Development in FY 2019/20

Egypt’s Planning Minister Hala El-Saeed said the government has allocated investments totaled at EGP 15.4 bn for the local development program in FY 2019/20.

Cleopatra Hospital Forms JV to Revamp Beni Suef’s Nahda Hospital

Egypt-based Cleopatra Hospital Group (CHG) has inked a joint venture (JV) agreement with Nahda University for Education and Management and Taaleem Management Services to renovate and operate Nahda Hospital in Beni ...

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