Egypt's second largest public bank, Banque Misr posted profit before taxes worth 15.696 billion Egyptian pounds ($508.3 million) in the first quarter of the year.
Earlier, the bank registered pre-tax profit worth 9.790 billion pounds in the first (...)
Egyptian property firm Palm Hills Developments said on Tuesday its sales reached an all-time high last year, beating the previously announced target.
New sales rose 35 percent year-on-year to 17.3 billion Egyptian pounds ($1.1 billion) at the end of (...)
First Abu Dhabi Bank's market share in Egypt will be reaching 4-5 percent after completing its acquisition of Bank Audi Egypt, FAB Egypt CEO Mohamed Abbas Fayed said.
He added that the bank current market share stands at 1.5 percent.
However, the (...)
Tatweer Misr signs agreements worth 3.2 billion Egyptian pounds to establish New Jersey Institute of Technology, King's College London and Narmer American College in its educational area in Bloomfields project at Mostakbal City.
The company has also (...)
Philip Morris International (PMI) affiliate in Bulgaria and the local independent scientific organization Arbilis organised a media webinar to discuss the latest evidence behind e-cigarettes
Tobacco smoking has been one of the most significant (...)
Emaar Misr, the Egyptian unit of UAE property conglomerate Emaar Properties, announced the launch of its Belle Vie residential project in Sheikh Zayed City.
The project is spread over an area of 500 feddans comprising of apartments, townhouses and (...)
Dubai-based Al-Futtaim Group is considering expansion in Egypt's new administrative capital, Timothy Earnest, group director of Al-Futtaim Malls, said on Monday.
Speaking in a press conference in Cairo, Earnest said the UAE group is studying (...)
China State Construction Engineering Corporation (CSCEC) has signed on Monday a design and execution contract to start construction of five residential towers in New Alamein on the Mediterranean coast.
CSCEC signed the contract with Egypt's New (...)
SKY AD. Developments, a subsidiary of UAE's Diamond Group, is tapping into Egypt's real estate market as it plans to invest 15 billion Egyptian pounds ($953.3 million) in the country within the next two years.
This is part of the company's expansion (...)
The bilateral trade between Egypt and Sudan reached $862 million during 2020, Egypt's Minister of Trade and Industry, Nevine Gamea said.
Egypt's exports to Sudan amounted to $496 million last year, while imports from the African country registered (...)
Transmar, a wholly-owned subsidiary of IACC Holdings, a leading container shipping company-owned and operated exclusively by Egyptians, has been taking part in promoting trade within the region between Egypt and its most strategic diplomatic and (...)
Egyptian Prime Minister Mostafa Madbouly followed up on the real estate inventory project, which aims to create national numbers for real estate units
The PM asserted, on Sunday, the importance of speeding up the implementation of the Egypt's real (...)
53 floors of the iconic tower in the Central Business District (CBD) in the New Administrative Capital have been established so far, according to the Egyptian Minister of Housing Assem El-Gazzar.
The iconic tower is set to be the tallest in Africa (...)
New Urban Communities Authority (NUCA) has received 2,035 land allocation requests for 5,500 feddans during 2020, according to Egypt's Minister of Housing, Utilities and Urban Communities Assem El Gazzar.
The requests were made over the course of (...)
Amer Group Holding Co said that its subsidiary Amer Tourism Development signed a contract with the New Urban Communities Authority (NUCA) to purchase a 56-feddan land plot in New Minya City to build Porto El Minya.
Amer submitted a request to the (...)
Tabarak Developments has delivered 100 residential units from the first phase of the 90 Avenue project, the Vibe Zone.
The company will deliver more units in the upcoming weeks, bringing the total number of delivered units to 150 housing units. All (...)
Philip Morris International has taken a series of initiatives to ensure the safety and well-being of its people and broader communities; this has been clearly the top priority in such challenging times.
Vassilis Gkatzelis, Managing Director of (...)
Sarwa Capital Holding for Financial Investments participated in the Egypt Entrepreneurship Summit as a panel speaker and judge on the Awarding Committee of Nawah 2020 competition, as part of its commitment to the startup and MSME community.
Aswan (...)
RATP Dev, part of the world-leading public transport operator RATP Group announced that it will participate as a Silver Sponsor in TransMEA 2020 exhibition.
The TransMEA 2020 exhibition is being held on November 22-25 in Cairo, under the auspices of (...)
Aqarmap platform, the leading search engine in the field of real estate marketing, announced the organisation of its 5 virtual exhibition "Aqarmap Expo 2020" coinciding with the events of Black Friday.
The event is considered the first virtual real (...)
Cornerstone Development unveils its new flagship The Curve project at the Cityscape Egypt exhibition, which will run from 4-7 November 2020 at the Egypt International Exhibition Centre (EIEC), its CEO, Ashraf Boulos, said.
The Curve is located in (...)
BETA Egypt is investing 1 billion Egyptian pounds in its flagship BETA Greens Egypt New Cairo in Mostakbal City, the Chairman, Alaa Fekry, said.
He also noted that the company is planning to deliver the first phase of the project during the second (...)
La Verde Developments announced the launch of the La Verde Casette project in the New Administrative Capital (NAC), with expected sales of 3 billion Egyptian pounds, according to Chairperson Ibrahim Lasheen.
He added that the company has increased (...)
The leading real estate developer, City Edge, is planning to at least triple its investments next year with 3 billion Egyptian pounds earmarked for 2021, its hairman Ashraf Salman said during a conference.
The company will invest additional 400 (...)
The leading real estate developer Sodic has so far signed 1.7 billion pounds in contracts with construction firmsin its Eastown District New Cairo (EDNC).
In addition, the company is on track to begin delivering units in its Eastown District New (...)