MNHD to secure credit facility of EGP 150M from The United Bank

ArabFinance:Madinet Nasr for Housing and Development's (MNHD) Board of Directors (BoD) approved the credit facility of EGP 150 million secured by The United Bank, in order to finance the working capital and renew the letters of indemnity.

The"...

Hassan Ghanem new head of Housing and Development Bank

Cairo: Hassan Ghanem, new chairperson of Housing and Development Bank (HDB), has officially started his new position last week while maintaining his positions .

He replaced the former head of the bank, Fathi Al-Sebaei,"...

Ezz Steel raises its stake in Dekheila in a share-swap

Ezz Steel seeks to simplify its ownership structure in its subsidiaries by transferring ownership of its stakes in Ezz Dekheila Steel on the Egyptian Exchange (EGX) and focusing its contribution as a financial investor only in the steel industry.

The"...

Golden House launches 3rd phase of Roses project in NAC

Cairo: Golden House Real Estate Investment launched the third phase of its Roses project in the New Administrative Capital (NAC) after marketing the two previous phases of the project achieving total sales of EGP 350m.

Hady"...

Egypt sells public land to private real-estate developers

Egyptian Minister of Public Business Sector, Hisham Tawfik, yesterday said that his ministry would change the zoning of 182 plots of industrial land owned by public sector companies and gradually sell them to the private sector.

“Egypt"...

NUCA, Emaar agree to develop EGP 50B integrated residential projects

Cairo: The New Urban Communities Authority (NUCA) and Emaar Misr Developments on Wednesday signed an agreement to establish two integrated urban projects in Sheikh Zayed Extension City.

The NUCA and Emaar Misr"...

NUCA, Emaar agree to develop EGP 50B integrated residential projects

The Ministry of Public Enterprise Sector announced the completion of the Middle East and North Africa’s largest information technology tender for the digital transformation of the ministry’s subsidiaries. SAP and Microsoft won the tender to manage the resources of 60 subsidiaries"...

Pantheon Development to sponsor Fit On Click Corporate Carnival

Pantheon Development, on Wednesday announced its sponsorship of the ‘Fit On Click Corporate Carnival,’ to be held from December 6-13, at Dubai Stars Sportsplex in Mirdiff, Dubai.

The event, a sports"...

Orascom Construction reports 16% profit decrease ending Sept. 2019

ArabFinance: Orascom Construction PLC announced in a statement sent to EGX, the Board of Directors was held on Nov. 20.

The company's BoD approved unaudited financial results for the fiscal period ending"...

Egypt, PRL sign train engines contracts worth $466.3M

Cairo: The Egyptian Railway Authority (ERA) signed with PRL (Progress Rail Automotives) a number of contracts worth $466.3 million after a meeting with President Abdel Fatah al-Sisi that took place last week.

The"...