El Gazzar Visits CED’s Headquarters to Follow Up on Latest Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar paid a visit on July 16 to City Edge Developments' (CED) headquarters in Sheikh Zayed, west Cairo, to follow up on the company’s latest project ...

OUD Eyes EGP 300 mn Sales of Summer 2019 Property Exhibitions

Egypt-based Orientals for Urban Development (OUD) targets achieving EGP 300 mn in sales of real estate shows held during summer, starting as of July, participating with a vast portfolio that combines diverse resid ...

Shuaa Repels Hikes in Property Prices Under Fuel Price Rises

Dubai-based financial services provider Shuaa Capital expects real estate developers to not raise property prices under the latest round of fuel price hikes, arguing that the increase may reduce demand and eventua ...

CCR Uncovers Frontgate Mall in NAC

Egypt-based Capital Construction and Real Estate (CCR) has announced the launch of Frontgate Mall in the New Administrative Capital's (NAC) MU23 District.

ODE Sells 51% Stake in Oberoi Zahra

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding in Egypt, has sold its 51% equity stake in Oberoi Zahra, a luxury Nile cruise, to a private Egyptian investor for USD 4 mn.

Al Bawani to Implement New USD 83 mn Commercial Tower

The Eastern Province Chamber of Commerce and Industry (Asharqia Chamber) has awarded Saudi-based Al Bawani Company a contract to carry out implementation works of its newest commercial tower in the kingdom's easte ...

Savills Upbeat on Cairo Real Estate Market

The Middle East’s real estate services provider Savills revealed that Cairo’s real estate market continues its rapid growth

ITFC Provides USD 1.13 bn Trade Financing to Egypt

The International Islamic Trade Finance Corporation (ITFC) celebrated on July 1 the successful implementation of USD 1.13 bn of trade financing in favor of Egypt.

June 30 Axis to Start Operating Next Month: Minister 

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced on June 26 that the parallel route to the Suez Canal - or June 30 Axis - will be inaugurated next month, slated to link Port Said, Is ...

Misr Italia to Pump EGP 50 bn into Projects by Year-End

Chairman of Misr Italia Properties Hany Al Assal has revealed that the company plans to pump a total of EGP 50 bn into the real estate market in 2019, aiming to achieve a sales target of EGP 6 bn from its various ...

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