Egypt’s Al Ahly eyes 2.5 bln pounds in construction contracts this year

Egypt’s Al Ahly for Real Estate Development Company says it plans to sign contracts worth 2.5 billion Egyptian pounds ($137.8 million) with local contractors within 2017.

The contracts are designated to"...

Real Estate Development Chamber, Administrative Control Authority to end problems of real estate developers

The Real Estate Development Chamber announced that it is cooperating with the Administrative Control Authority to solve the issues of investors with a group of ministries and government agencies. According to the chamber, it has succeeded in solving 20 problems so far.

The"...

20,000 housing units to be finalised by end-2017, Egypt's minister says

Egyptian minister of Housing and Urban Communities Mustafa Madbouly on Thursday announced that works in 20,100 social housing units across 16 governorates are scheduled for completion at the end of 2017.

Units"...

Egypt’s Heliopolis Housing says sold units in 3 residential projects in May

Egypt's Heliopolis Company for Housing and Development announced Thursday it sold housing units worth 71.07 million Egyptian pounds ($3.9 million) in its three ongoing projects during May 2017.

The state-run"...

Area evacuated as residential tower topples in Egypt

Army engineers and one of Egypt’s leading contractors faced the delicate task of dismantling the top floors of a residential tower in Alexandria after it toppled last week, coming to rest against a building across the street.

Inhabitants"...

The First Group’s New Dedicated Food & Beverage Division to Bring Innovative Dining Concepts to Dubai

The First Group has launched a dedicated F&B business that will introduce new and established restaurant brands to Dubai, some of which will be global firsts. In a move that marks significant expansion for the Dubai-based property development firm, the new division will fill the gap in the market for affordable lifestyle-driven dining concepts, as demand in the midscale and upscale hospitality sectors starts to boom. Heading up the new venture is one of the region’s leading F&B experts, Duncan Fraser-Smith, who was recently......

Friends Provident International invests in Munich Re’s ALLFINANZ digital new business solution to streamline policy application and improve customer service

(ME NewsWire)-- Munich Re Automation Solutions Ltd., the leading provider of new business underwriting solutions to the life insurance industry, today announced that Friends Provident International (FPI) has become the latest international life"...

SOBHA Declared Top Brand for the 3rd Consecutive Year

(ME NewsWire)-- SOBHA Limited, India’s most admired and trusted real estate brand, has been declared the top brand of the Indian real estate sector for the 3rd consecutive year by the Brand X Report 2016-17, an annual study conducted by Track2Realty."...

4 bln pounds added to Egypt’s budget by NUCA: housing minister

Egypt’s New Urban Communities Authority (NUCA) has submitted so far financial surplus of four billion Egyptian pounds ($221.1 million) in favour of the country’s budget, Housing Minister said Sunday.

Minister"...

Hilton Opens the First-Ever Tru by Hilton – Its 5,000th Property 

(ME NewsWire)-- Hilton (NYSE: HLT) today celebrated the grand opening of the first-ever Tru by Hilton – the company’s 5,000th hotel – at Tru by Hilton Oklahoma City Airport. With more than 425 hotels in various stages of development, Tru by Hilton has achieved the fastest growing pipeline in the history of the hospitality industry, and has captured approximately 2/3 of all net pipeline growth associated with the midscale segment since it launched in 2016. Developed from the ground up using consumer and owner feedback, and brought to market in just 16 months from when it launched at the Americas Lodging Investment Summit (ALIS),......