REAL ESTATE

21 Oct 2018

Pantheon Development Part of the Best Drive Experience to Super Car Owners from Across the Globe within the UAE

Pantheon Development, the real estate arm of Pantheon Group, a well-diversified global business conglomerate, collaborated with Ninth Degree Super Cars Club to offer the best drive experience to Super Car owners from across the globe. “Catch the Camel”, the most awaited 4 –"...

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17 Oct 2018

Square Yards Emerges As One Of The Largest PropTech Players In UAE Real Estate Market

(AETOS Wire) -- Global real estate aggregator, Square Yards, today announced that it has crossed AED 2 Billion in Gross Transactional Value (GTV) in UAE, emerging as one of the largest PropTech players in the country. The company registered phenomenal growth in all three segments, namely Off-plan property (under construction developer sales), Secondary sales/leasing and Cross Border Real Estate targeting Non Resident Indians (NRIs) based in UAE. Square Yards’ Off-Plan business segment that focuses on under-construction projects in UAE clocked more than AED 300 million worth of property sales in the Jan-Sep period of 2018 registering an......

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17 Oct 2018

Moody’s to Acquire Reis, a Leader in Commercial Real Estate Data

(AETOS Wire) -- Moody’s Corporation (NYSE:MCO) and Reis, Inc. (NASDAQ:REIS) announced today that they have entered into a definitive merger agreement for Moody’s to acquire all outstanding shares of Reis in an all-cash transaction valued"...

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16 Oct 2018

CGP to deliver 300 units of Alburouj project next year, EGP 3bn in first phase

Capital Group Properties (CGP) has inaugurated the Alburouj theatre at a cost of EGP 100m on 11 October, the first phase of El-Sawy Culturewheel’s branch in the Alburouj project, which is managed by Abdel Moneim El-Sawy Culturewheel.

Chief"...

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15 Oct 2018

Sodic to buy top developer MNHD in swap deal

Sixth of October Development & Investment Company (Sodic) said it has won approval from the company's board to acquire a leading Egyptian urban developer through a direct share swap deal.

One of the region’s leading real estate development companies, Sodic said"...

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14 Oct 2018

Soaring production costs lead to liquidation of National Cement Company

Due to continued financial losses and debt accumulation, the government has decided to liquidate the National Cement Company.

The company, established in 1956, was the only public-sector company engaged in the"...

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14 Oct 2018

Egypt, WB sign $300m deal on upgrading infrastructure

Cairo: Egypt signed on Saturday an agreement with the World Bank to back infrastructure at cost of 300 million dollars through proceeding with the 'Sustainable Rural Sanitation Services Program'.

The agreement"...

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09 Oct 2018

Real Mark Developments invests EGP 750m in West Mark project

Real Mark Developments made its debut in the Egyptian market by introducing West Mark, a mixed-use complex, with a built-up area of 27,000 sqm, spread over 13,700 sqm of land.

West Mark offers a new line of thought"...

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09 Oct 2018

Hassan Allam to list shares on EGX, LSE, prices to be announced by November

Hassan Allam Holding, a construction and engineering group serving national, regional, and global clients in the Middle East and North Africa, has announced on Monday its intention to list 44.3% of the company’s shares on the Egyptian Exchange (EGX), and the London Stock Exchange"...

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08 Oct 2018

Today: Egypt Aluminum shareholders to review dividends & capital hike

ArabFinance: Egypt Aluminum (EGAL) declared in a statement sent to EGX, it called for the ordinary and extraordinary general assembly meetings to be held on October 08.

The OGM will discuss the financial results"...

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