REAL ESTATE

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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07 Oct 2018

Helsinki Building Up: Helsinki High-Rise Competition finalized

(AETOS Wire) -- The Helsinki High-rise Competition has been finalized. YIT’s proposal Trigoni has been put forward as the winner of the international Pasila Tower Area architecture and implementation competition.

The"...

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06 Oct 2018

Private house owners spared from real estate tax, to provide tax relief until the end of June 2019: finance minister

The Minister of Finance Mohamed Moeit issued a decision to spare private house owners from real estate tax, to provide tax relief, until the end of June 2019, according to press statement on Thursday.

Moeit said"...

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03 Oct 2018

IWAN Developments markets Atrio project: CEO

IWAN Developments finalised the marketing campaign of its Atrio project, according to chief executive officer (CEO) of the company Waleed Mokhtar.

The CEO said that the project is spread across 19 feddan, and"...

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03 Oct 2018

Henley & Partners Publishes Comprehensive Guides to Swiss and Austrian Relocation

(AETOS Wire)-- Henley & Partners, the global leader in residence and citizenship planning, has published two new guides to relocating to Switzerland and Austria, covering a range of topics relevant to ultra-high-net-worth (UHNW) and entrepreneurial individuals interested in moving to these countries. Dr. Juerg Steffen, Chief Operating Officer of Henley & Partners and editor of both books, says the publication of the guides is timely: “Today, following seven decades of rapid globalization, there are close to 260 million people living outside their country of origin, almost 50% more than there were in 2000. With greater international......

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