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Real estates
Misr Italia, Honeywell sign MoU to support digital transformation
Misr Italia Properties has signed a memorandum of understanding (MoU) with Honeywell, leveraging the company’s experience in smart solutions for established and under construction projects.
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Palm Hills to issue EGP 3.25bn Sukuk
The extraordinary general meeting (EGM) of Palm Hills Developments has approved the issuance of a Sharia-compliant Sukuk worth EGP 3.25 billion, in cooperation with Tharwa Securitization Company.
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Palm Hills captures 8% stake in Incolease for EGP 65.35mn
Palm Hills Developments has acquired a 7.97% stake in the International Company for Leasing (Incolease) in exchange for EGP 65.35 million.
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Emaar Misr reports a surge in its profits by 118% during 2021
Emaar Misr for Development recorded a 117.8% year-on-year (YoY) surge in the consolidated net profits to EGP 4.11 billion in 2021, compared to EGP 1.89 billion, including minority shareholders'…
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Talaat Moustafa profits grow by 8 % to EGP 1.78bn in 2021
Talaat Moustafa Group (TMG) achieved a growth in consolidated net profits by 8% to EGP 1.78bn in 2021, up from 2020’s EGP 1.65bn.
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Porto Group changes company name, launches new brands
Porto Group Holding has changed the company's name to Arab Developers Holdings and launched two new brands.
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Egypt’s high-end property firm Palm Hills 2021 sales hit record
Egypt-based property firm Palm Hills Developments announced that its sales reached an all-time high last year, beating the previously announced target.
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SODIC to establish first Finnish British school in MENA
Egyptian developer SODIC has announced that it has signed an agreement with the Finnish British Consortium for Investment and Development (FBC) and Finnish Global Education Solutions (FGES) to…
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Orascom Construction seals $35m acquisition of Sawiris family company
Shareholders of Orascom Construction have approved the $35m worth acquisition of an importing company owned by the Sawiris family.
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Elsewedy Electric’s subsidiary signs deals for nearly EGP 1.6bn projects
Rowad Modern Engineering (RME), a 51%-owned subsidiary of Elsewedy Electric Company, signed two agreements with both Emaar Misr for Development and Newgiza for developments worth a combined value of…
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