REAL ESTATE

08 Sep 2014

URC appoints ERA Egypt as sales agent for Aswar Residences

United Real Estate Company (URC), the MENA region’s leading real estate developer, announced the appointment of “ERA Commercial Egypt” as the sales agent for URC’s Aswar Residences, a private gated community in the emerging urban area of New Cairo. Due for completion in Q1 2015, the familyfriendly, residential community consists of 75...

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03 Sep 2014

Egypt rises on real estate; Saudi, Dubai pull back

Egypt's bourse outperformed an otherwise sluggish region on Tuesday on the back of property firms and other blue chips, while banks dragged down Saudi Arabia after the kingdom's central bank tightened consumer lending regulations.

The Cairo index rose 1.8 percent, its biggest gain"...

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01 Sep 2014

Egypt's Palm Hills Q2 net profit down 8.3%


Egyptian real estate developer Palm Hills (PHDC) posted an 8.3 percent fall in second-quarter net profit, the firm said in a statement on Sunday.

It recorded a net profit of 84.7 million Egyptian pounds($11.85 million) in the three months ended June 30 compared with 92.4 million pounds"......

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