TMG Holding to Issue EGP 2 bn Sukuk in April

Talaat Moustafa Group (TMG) Holding CEO Hisham Talaat Moustafa said his company plans to launch EGP 2 bn sukuk program in April, aiming to secure medium-to-long-term financing for its recurring projects

Orascom Construction Wins USD 770 mn New Awards in Q4

Orascom Construction has won approximately USD 770 mn (EGP 48.65 mn) of new awards added to its backlog in Q4 2019

GFH Properties Starts Delivery of 150 Villamar Units in Bahrain

GFH Properties, the real estate arm of GFH Financial Group, has released a new residential tower at its iconic Villamar project, primely located on the Manama waterfront, Bahrain.

Gov’t District of NAC Almost Complete: PM

Prime Minister Mostafa Madbouly has unveiled that the New Administrative Capital's (NAC) government district is almost 71-88% complete, in preparation to relocate public employees to the new capital over batches b ...

Over 10,000 Homes Underway to Rehouse Cairo’s Slum Dwellers

Merely 10,666 residential units are ready to rehouse informal housing dwellers in Cairo, coming as part of the state's keenness to become a slum-free country.

Misr Italia Rewards Clients with ‘Loyalty Program’

Misr Italia Properties (MIP) has launched new e-services through the latest "Loyalty Program," kicking off in collaboration with Egypt’s digital payments company Fawry.

NHPS Nods EGP 605 mn Offer to Sell Le Méridien Heliopolis

The National Company for Housing for Professional Syndicates (NHPS) has approved on December 26 an offer submitted by IMEX International to the National Bank of Egypt (NBE) to purchase Le Méridien Heliopolis.

Emaar Opens Sky View Hotel in Dubai

UAE’s Emaar Hospitality Group, a wholly-owned subsidiary of Emaar Properties, officially opened on December 22 its newest hotel, Address Sky View, in the heart of Downtown Dubai

MNHD Closes EGP 370 mn Securitization Transaction

Madinet Nasr Housing Development (MNHD) closed on December 19 an EGP 370 mn securitized bond issuance by Financial Group for Securitization Company (FGS)

Schneider Global CEO Reviews IL Monte Galala Construction

Schneider Electric’s Global CEO and Chairman Jean-Pascal Tricoire has paid a visit to Tatweer Misr's flagship development in Ain Sokhna, named "IL Monte Galala," to witness construction updates on-site.

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