SODIC Posts 18% Fall in 9M Profits
Six of October Development and Investment (SODIC) reported an 18% decline in its profits to reach EGP 504 mn in the first nine months of 2019, compared to EGP 612.9 mn in the prior-year period
Orascom Development Profits Jump 83% in 9 M
Orascom Development Egypt (ODE) posted an 82.9% hike in net profit, up to EGP 501.2 mn in the first nine months of 2019 versus EGP 274.1 mn in the prior-year period
El Gouna’s Hotels Fully Occupied During GFF
Orascom Development Holding (ODH) has announced that occupancy rates of El Gouna’s hotels and residential units hit 100% during the period of El Gouna Film Festival (GFF), to be held from September 19 to 27.
Palm Hills Records Higher Profits in H1
Egypt's real estate developer Palm Hills Developments (PHD) posted a 3% rise in net profits after tax and minority interest in H1 2019, hitting EGP451 mn.
UAE’s Aldar Properties Mulls Investments in Egypt
Abu Dhabi's listed real estate developer Aldar Properties seeks to tap into Egypt's housing market, as part of its regional expansion plans.
Emaar Misr Posts Lower Profits in H1
Emaar Misr, a wholly-owned subsidiary of UAE-based Emaar Properties, reported a 91% drop year-on-year (YoY) in its profits during the first half of 2019
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 ...
Orascom Construction Adds USD 935 mn to Backlog in Q2
Egypt-based Orascom Construction has unveiled that new awards grew 40% YoY to around USD 935 mn (EGP 15.52 bn) in the second quarter of 2019.
ERC Posts EGP 126.3 mn Net Revenues in FY 2018
Egypt’s master and real estate developer Egyptian Resorts Company recorded net revenues of EGP 126.3 mn in FY 2018, down 55% YoY from EGP 281.1 mn a year earlier.
ODH Achieves EGP 3.47 bn Sales in 2018
Egypt's Orascom Development Holding (ODH) has achieved record-high net real estate sales of EGP 3.47 bn in FY 2018, excluding its newest residential project O West, compared to sales of EGP 2.19 bn a year earlier. ...
