REAL ESTATE

19 May 2019

June 10: Torah Cement to review activity continuity

ArabFinance: Torah Cement (TORA) invited shareholders to attend the extraordinary general meeting (EGM) on June 10, according to a statement sent to EGX on Sunday.

The EGM will discuss the company continuity amid"...

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18 May 2019

Talaat Mostafa Group: Egypt’s leading real estate developer

Talaat Mostafa Group (TMG) is one of the leading and largest real estate developers in Egypt. TMG is the sole company to develop fully integrated cities in the country.

As for its assets in Egypt, TMG fixed assets,"...

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15 May 2019

General Assembly of Cement Division review 2018 financial statements

ArabFinance: The General Assembly of the Cement Industry Division was held with the attendance of various cement producers in Egypt at the Federation of Egyptian Industries. Eng.Medhat Stefanos, Chairman of the Division, welcomed the attendees, and presented the financial statements of"...

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14 May 2019

Egypt's new desert capital faces delays as it battles for funds

Cairo: Egypt’s government wants to start running the nation from a new capital in the desert from mid-2020, but the $58 billion project is struggling to raise funds and needs to overcome other challenges after investors pulled out.

Workers"...

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14 May 2019

Egypt’s new desert capital faces delays as it battles for funds-Egypt

Egypt’s government wants to start running the nation from a news capital in the desert from mid-2020, but the $58 billion project is struggling to raise funds and needs to overcome other challenges after investors pulled out, reports Reuters.

Workers"...

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11 May 2019

MNHD records EGP 634.2m in consolidated revenues in Q1

Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018.

MNHD"...

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09 May 2019

Egypt mills hike rebar offers

Ezz Steel — the largest steelmaker in the country — last week raised its rebar price to the domestic market by 180 Egyptian pounds/t ($10.50) to E£11,780/t ex-works inclusive of 14pc value-added tax (VAT). This nets back to around $600/t once VAT is excluded.

Following"...

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08 May 2019

700 firms sign contracts to purchase lands of El Reef El Masry

Cairo: Ater Hanoura, the board chairman of the Egyptian Countryside Development Company, 'El Reef El Masry', said Tuesday that 700 small and medium-sized firms had sealed deals to purchase portions of lands as part of the 1.5-million-feddan project.

Hanoura"...

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08 May 2019

Three Egyptian state-run companies launch housing, utilities projects

Cairo: Three Egyptian state-run companies launched a bundle of residential, utilities, and infrastructure projects totalling around 500 million Egyptian pounds ($29.1 million) in Cairo and Sixth of October City.

The"...

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07 May 2019

Al Riyadh Misr to deliver 100 units by year-end in Shorouk City

Cairo: Al Riyadh Misr for Real Estate Development plans to deliver 10 separate buildings comprising of 100 units by the end of the current year in Shorouk City, Hossam Abd El Ghany, vice chairperson of the company told Daily News Egypt.

Abd"...

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