Castle Development & Fawry Sign Protocol for Customer Payments

Castle Development, and Fawry, have signed a protocol in collecting customer payments through Fawry service, Invest-Gate reports.

Gov’t Extends Deadline for Property Tax Payment Until March-End

Egypt's Finance Minister Mohamed Maait has approved the extension of the deadline for filing real estate tax returns until the end of March 2021.

NUCA Cuts Late Fees on Different Properties in New Cities

The New Urban Communities Authority (NUCA) will cut late fees owed on residential and commercial properties in new cities for the next two months, in the efforts to spur owners to pay off their arrears.

Gov’t Forms Committee to Study Imposition of Beach Fees

The Egyptian government has decided to set up a legal committee, headed by the chairman of the Council of Ministers, to study the legal implications and determine a mechanism to collect the recently imposed fees o ...

Dubai’s Drake & Scull to Put Aside USD 272 mn for Debt Payments

Dubai-based contractor Drake & Scull International (DSI) is expecting to have nearly AED 1 bn (USD 272 mn) of cash flow available over the next four years to partly repay its debt, Reuters reports.

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