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Real Estate
Egypt extends deadline for settling construction violations until March-end
The Egyptian cabinet decided to extend the deadline for settling building violations for a three-month period…
Talaat Moustafa Group’s unit mulls borrowing EGP 1.2bn
Talaat Moustafa Group Holding (TMG Holding) said that its subsidiary Arab Company for Projects and Urban…
Amer Group’s unit buys 56-feddan land to build Porto El Minya
Amer Group Holding Co said that its subsidiary Amer Tourism Development signed a contract with the New Urban…
Egypt’s gov’t invests EGP 23.5bn in 103k residential units in 2020
The Egyptian Ministry of Housing, Utilities, and Urban Communities built about 103,000 residential units at a total…
Egypt’s CBE keeps interest rates unchanged in its last meeting during 2020
The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided to keep the overnight deposit rate,…
Tabarak Developments delivers 100 residential units in 90 Avenue project
Tabarak Developments has delivered 100 residential units from the first phase of the 90 Avenue project, the Vibe…
An English investment fund acquires Orascom’s subsidiary in a deal worth $50m
A group of Egyptian investors including an English investment fund and one of GB Capital companies owned by the…
Egypt’s FRA approves MTO for Nasr Company for Civil Works
The Egyptian Financial Regulatory Authority (FRA) approved the publication of the mandatory tender offering (MTO)…
Amer Group starts construction of administrative building in New Administrative Capital
Amer Group Holding Co has started construction on an administrative building over an area of 5,200 square metres in…
Egyptian President approves $500m loan from IBRD to finance social housing
The Egyptian President Abdel Fattah El-Sisi issued the presidential decree no. 448 of 2020 for the approval of a…