Orientals for Urban Development (OUD) plans to develop five million square metres within its real estate portfolio within two years, with initial investments of EGP 4bn. It is also considering to launch its shares in the Egyptian stock exchange (...)
T.H.E. Architects, Planners, & Civil Engineers Inc. signed nine contracts for preparing designs and supervising the nine housing, medical, educational, and industrial projects.
The company furthermore decided to postpone the initial public offering (...)
Redcon for real estate development signed a contract to sell 50% of its administrative project "Blue Capital" in New Cairo to Swiss company ABB, which works in the field of energy technology and automatic control, for EGP 150m.
Tarek El-Gammal, (...)
Coldwell Banker Commercial – Advantage for real estate consulting and development achieved sales and operations on behalf of others worth EGP 2.5bn since April. The company also signed off on preparing consulting and marketing studies for six real (...)
Real estate marketers and developers expect another imminent bubble due to the continuous increase of real estate unit prices, reaching a level that exceeds the abilities of customers, and that does not match the real cost of the projects.
They said (...)
Egypt has refused EU demands to lift the import restrictions that were set in motion by the Egyptian government in March. "The European Union has held some meetings with the World Trade Organisation (WTO) to discuss the negative results of the new (...)
A number of real estate developers urged the government to put forth a programme to activate partnership with the private sector, through which the developers could inject their liquidity in development projects and get required lands.
During a (...)
The Badr City Authority received applications to allocate 60 pieces of investment land of 694,000 sqm, whether through participation with the private sector or purchasing to implement a number of projects.
Head of the Badr City Authority, Mustafa (...)
REDCON Construction Company aims to achieve EGP 1bn worth of business by the end of 2015 with nine operations, compared to last year, where volume reached EGP 600m through six operations.
Engineer Tarek El-Gammal, chairman of REDCON's board of (...)
Falcon, the security firm working in 12 universities across Egypt, withdrew its personnel from the entrances of Al-Azhar, Cairo, and Ain Shams universities on Sunday after clashes broke out.
Sharif Khaled, Executive and Managing Director of Falcon (...)
The real estate market has been struggling to collect customer payments and periodic premiums since the 25 January revolution, negatively impacting on companies' liquidity rates.
The problem worsened during 2012. A further increase in the liquidity (...)
The governor of Giza, in cooperation with the Egyptian General Petroleum Corporation (EGPC), will boost measures to improve security in the governorate's fuelling stations, to ensure that government fuel quotas are met and adequate amounts of diesel (...)
An Egyptian delegation is set to take part in The Prospectors and Developers Association of Canada's (PDAC) PDAC 2013 Conference, the world's largest drilling and mining conference, hosted in Toronto, Canada between 3 March and 6 March.
The (...)
A draft law is currently being prepared by parliament's religious affairs committee aimed at criminalising production of sexually explicit content by local media companies, flagship state daily Al-Ahram reported on Thursday.
According to committee (...)
CAIRO: Chairman of the Cairo Court of Appeals Abdel Moez Ibrahim today decided to appoint certain judges from the Court to investigate the Maspero clashes in coordination with the Egyptian Public Prosecution.
Chief of the Supreme Council of the (...)
CAIRO: Egyptian Giza Criminal Court, chaired by Judge Mohamadi Qansuh, approved the decision issued by the Egyptian Illicit Gain Authority about freezing the assets of Egyptian fugitive businessman Hussein Salem and his family.
According to the (...)
CAIRO: Baraka Bank in Egypt will launch an Islamic Credit Card product for the first time in Egypt in the second quarter of the next year, ECO of the Barak Bank Ashraf al-Ghamarawi said.
The bank will launch all kinds of the credit cards (...)
CAIRO: Cairo International Airport authorities today allowed and Israeli citizen to enter Egypt without as visa after he suffered a heart attack in the receiving terminal.
Yaakov Israel, 42, arrived without a visa and was waiting in the terminal (...)
CAIRO: Approximately 1,000 employees of polling stations in Cairo rallied outside police stations to protest because they are preventing giving their ballots in the runoff of the first phase of the parliamentary election, according to monitoring (...)
CAIRO: A run-off election will be held in Cairo's Nasr City between Salafi candidate Mohammad Ussri, who is backed by the Muslim Brotherhood, and Mustafa el-Nagar of the Justice Party, said head of the eighth constituency and the head of the Appeals (...)
CAIRO: Problems such as monitoring judges arriving late in the parliamentary elections' first phase will be tackled in the second and third phases, said Egyptian minister of local development Mohamed Attia.
Regarding the ballot counting for (...)
CAIRO: The Egyptian Ministry of Interior has discovered the identity of the man who recorded footage showing the wanted lieutenant targeting protesters' eyes in Tahrir clashes over the past week.
Ahmed Sukar decided to reveal the Ministry of (...)
CAIRO: The Central Operation Room following Egypt's first round of parliamentary voting did not observe any violations or forgery inside polling stations, said General Secretary of Local Administration at the Egyptian Ministry of Local Development, (...)
CAIRO: An accountant found that around 38,000 EGP (U.S. $6,375) was stolen from the Egyptian Judges' Club's treasury Monday.
Immediately a lawsuit was filed to investigate this incident when the treasurer called the police. The investigators (...)
CAIRO: Egypt's Supreme Electoral Committee recorded violations committed by the Muslim Brotherhood-affiliated Freedom and Justice Party (FJP) during the first phase of parliamentary elections today.
The violations occurred at polling stations in (...)
