July 31st, 2019 | 0 commentsAl Shams Housing and Urbanization on Tuesday announced that the cost of its SOLANA New Capital project amounted to EGP 3.41 billion ($205.96 million). The project includes residential buildings, infrastructure, a mosque, entertainment facilities, a parking, a mall, a nursery, and a social club, according to a company statement. SOLANA wil...
July 30th, 2019 | 0 commentsMinistry of Investment and International Cooperation signed a LE 10 million grant with the African Development Bank (ADB) on Sunday to strengthen the environmental management system for Fekratk Sherkatk initiative. "The grant aims at strengthening the environmental ecosystem of entrepreneurship, which aims to contribute to enhancing and i...
July 29th, 2019 | 0 commentsMarseilia Almasreia Alkhalegeya Real Estate Investment has achieved sales of EGP 900 million since the beginning of 2019. Accordingly, the real estate firm has managed to achieve 30% of its target sales for the current year, the company’s assistant chairman for commercial affairs Maisara Ahmed told Mubasher. The company aims to achieve sa...
July 28th, 2019 | 0 commentsThe global net income of the American multinational hospitality company Hilton reached $225m during the fourth quarter (Q4) of 2018, while the full year’s net income recorded $769m, according to Hilton’s Fourth Quarter and Full Year 2018 Results. This is setting Hilton’s 2019 off to its most dynamic year, while celebrating 100 years pione...
July 26th, 2019 | 0 commentsHorizon for Real Estate Development plans to implement the multi-use commercial and medical project named Elite New Capital over 5,500 square metres in the New Administrative Capital. Landmark for Real Estate Investments and SAK Developments have established Horizon for Real Estate Development to implement and manage the joint venture. In...
July 25th, 2019 | 0 commentsGlobal Telecom Holding’s (GTH) board of directors has approved the report issued by Grant Thornton Egypt regarding the valuation of VEON Holdings B.V.’s offer to acquire all of GTH’s operating assets and the mandatory tender offer. GTH’s board has also approved the auditor’s independent limited assurance report released by Pricewaterhouse...
July 23rd, 2019 | 0 commentsCapital Group Properties (CGP) has injected around $400 million worth of investment in its first project in Egypt, Al Burouj Compound, during the past three years, CGP’s chairman Ahmed Fathallah stated. Located in El Shrouk City, Al Burouj Compound which spans an area of 5 million square metres has achieved sales value of EGP 6.1 billion...
July 19th, 2019 | 0 commentsEGX Administration announced that it will open the OPR market to recorded selling orders of El National Company for the Maize Products (NCMP) at EGP 61.69 per share. The OPR will be opened starting July 18, 2019, till ending of trading session July 25, 2019. It is worth to mention, the listing committee ratified conducting optional delist...
July 18th, 2019 | 0 commentsSixth of October for Development and Investment (SODIC) announced signing an addendum to its medium-term facility agreement with Commercial International Bank (CIB) to raise the value of the loan by EGP 230 million. Under the new deal, the total value of the facility will be raised to EGP 500 million, SODIC said a statement to the Egyptia...
July 17th, 2019 | 0 commentsMM Group for Industry and International Trade’s board of directors has approved increasing its contribution to Ebtikar for Financial Investment’s capital by EGP 60 million. Accordingly, MM Group’s contribution to Ebtikar for Financial Investment’s capital will be raised to EGP 310 million from EGP 250 million, according to a filing to the...
