Amer Group Still Mulls Land Purchase in New Sohag
Egypt-based Amer Group is still in the preliminary phase of conducting financial studies and due diligence on the feasibility of land purchase in New Sohag.
Emaar Misr Sees 517% Profit Jump in H1 2020
Emaar Misr for Development saw a 516.7% year-on-year (YoY) surge in net profit to log EGP 581.53 mn in H1 2020, compared to EGP 94.29 m in the year-ago period.
MNHD Approves Odin’s Due Diligence on El Nasr Civil Works
Madinet Nasr for Housing and Development's (MNHD) board of directors has given Odin Investments approval to commence due diligence on El Nasr Civil Works.
Amer Group Names Porto Club for Sports Investment CEO
Amer Group has announced the appointment of Hassan Elaroussy as the CEO of its subsidiary Porto Club for Sports Investment, aiming to develop a sporting club in its Porto Said project on the Mediterranean Sea.
MNHD’s Presales Jump 83% in H1 2020
Egypt's Madinet Nasr Housing and Development (MNHD) has unveiled that its presales stood at EGP 3.77 bn in H1 2020, going up by 83% YoY from EGP 2.06 bn in the year-ago period.
Morocco’s Real Estate Market Slows Down in 2019
Morocco's real estate sector, or the second-largest job provider sector in the North African country, is facing a slow down during the current year amid a notable economic downturn.
Amer Group Sees Lower Profits in H1
Amer Group Holding posted a 54% year-on-year slump in its consolidated profits for the first half of 2019, mainly due to lower sales.
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.
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