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Real Estate
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…
Egypt builds EGP 5.4bn roads in Aswan during 2020
Egypt has built 85 road and transport projects in Aswan at a combined value of EGP 5.4 billion during 2020, the…
Sisi orders continuous support for Egypt’s construction industry
Egypt's President Abdel-Fattah al-Sisi has ordered the continuous support to the national industrial sector,…
Orascom Development Egypt is selling its stakes in own affordable housing arm
Orascom Development Egypt’s (ODH) board has approved plans to sell the company’s 35 percent stake in affordable…
Eltizam signs $100 million agreement with Egypt-based Al Ahly Sabbour
GCC-based physical asset management company Eltizam Asset Management Group has inked two joint venture (JV)…
Alabbar steps down from role as chairman of Emaar Properties
Mohamed Alabbar has stepped down from his role as chairman of Dubai-based Emaar Properties and will instead focus…
Egypt-Sudan railway may be financed through Kuwait Fund
The Kuwait Fund for Arab Economic Development (KFAED) may fund the 900-km railway linking Egypt and Sudan,…