Pyramids Developments to Invest EGP 1.5 bn in La Capitale Project

Pyramids Developments has so far pumped investments worth EGP 450 mn in La Capitale project in the New Administrative Capital (NAC) and targets raising this figure to record EGP 1 bn in the coming two years.

ADFD Invests USD 140 mn to Develop High-Speed Moroccan Rail Project

Abu Dhabi Fund for Development (ADFD) has bolstered the development of a major high-speed rail network in Morocco that connects the major cities of Tangier and Casablanca with investments worth USD 140 mn

Misr Italia Properties Targets EGP 4.5 bn Sales in 2019: Co-CEO

Misr Italia Properties announced it targets achieving EGP 4.5 bn of sales in 2019, compared to EGP 3.5 bn sales achieved during the period from January to September 2018

Lebanese Investments in Egypt Hit USD 671 mn by June-End: Minister

Egyptian Minister of Investment and International Cooperation Sahar Nasr said the volume of Lebanese investments in Egypt reached USD 670 mn by end of June 2018, reflecting the activity of about 1,645 companies in ...

MENA Deal Value Hike 105% in Q3 2018: EY

Consultancy firm EY said in its latest report that the value of merger and acquisition (M&A) deals with disclosed value in the MENA region surged by 105% YoY to USD 10 bn in Q3 of 2018 from USD 4.9 bn in the year- ...

Egypt Revenues Leap 35.5% in Q1 FY2018/19: Minister

Egypt's Finance Minister Mohamed Maait said that the state's revenues soared by 35.5% in Q1 of FY 2018/19, putting the government on track to achieve its targeted primary budget surplus of 2%

EFG Hermes’ NBFIs Platform Generates Revenues of EGP 286 mn in Q3

Egypt's EFG Hermes Holding's Non-Bank Financial Institutions (NBFIs) platform maintained its remarkable rate of expansion, growing at 81% YoY to record revenues of EGP 286 mn in Q3 2018, with Tanmeyah Micro Enterp ...

Egyptian-American Enterprise Fund to Inject USD 3 mn in Dawi Clinics

The Egyptian-American Enterprise Fund (EAEF) and Dawi Clinics (Dawi) announced on November 12 that EAEF will inject USD 3 mn into the Egyptian-based chain of outpatient clinics, "a strategic step taken by the two ...

Gov’t Earmarks EGP 2.48 mn Investments to New Valley in FY 2018/19

The value of the Egyptian government's earmarked investments in the New Valley is estimated at EGP 2.48 mn in the FY 2018/19, Planning Minister Hala El-Saeed stated on November 12, underlining the province's promi ...

Rofaida Begins Initial Delivery of Row Marina’s 1st Phase

Egypt’s property investment company Rofaida Real Estate has started the initial delivery of the first phase of Row Marina Resort project in North Coast, aiming for the project to commence operations by next summer ...

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