Real Estate News
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Orascom Development Holding registers first profit since 2010
The Swiss hotel operator is expecting an improvement in the hotel performance during the second half of 2014.
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Billionaire Sawiris Plans Egypt Return With Construction IPO
Amsterdam-based OCI NV (OCI) approved separating its fertilizers and construction businesses.
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Egypt's property owners given 60 days to appeal valuation, taxes
Amendments to the property tax law were issued last week by Egypt's president, as the finance minister refines stipulations.
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Egypt imposes property tax on oil and gas fields
Property tax is set at 10 per cent of a unit's rental value and three per cent of a unit's capital value.
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Egypt’s Talaat Moustafa posts 12% increase in net profit in first half 2014
Revenues were up to 2.663 billion pounds compared to 2.418 in the first half of 2014.
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Egypt's SODIC hits 5-year high, doubles profits in H1/2014
Stellar first half of 2014 for Egyptian real estate developer, as share prices reach LE44 and net profits are doubled from same period last year.
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Egypt's Medinet Nasr sees 3% rise in profits in 1H/14
Medinet Nasr Housing and Development's Tag Sultan project was the main driver of the firm's increase in profits.
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Egypt's Amer Group H2 net profit up 28%
The firm, which owns hotels, restaurants and malls, among other businesses, made a net profit of 44.4 million Egyptian pounds.
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Bets on property lift Egypt's bourse; banks support Qatar
Egypt's bourse climbed 1.4 percent to a three-week high of 8,429 points as shares in property developer Talaat Moustafa Group jumped.
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Palm Hills Developments names new co-CEO
The move follows US private equity firm Ripplewood’s acquisition of a 2.3% stake in PHD last month.
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Egypt's Industrial Real Estate
Missed the 9th Money and Finance Conference? Download all you need to know about Egypt’s industrial real estate challenges and opportunities.
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Next Step: Addressing real estate in Egypt
With the rise in residential demand, Mall of Arabia is hosting the first annual real estate exhibition for companies in 6th of October.
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Hilton to open its 19th property in Alexandria
Hilton Worldwide continues its expansion efforts in Egypt, as it opens a new hotel in Alexandria, the "Pearl of the Mediterranean".
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Construction Billionaires: The Talaat Moustafa Family
They reconstructed Egypt, earning a colossal fortune in the process and certain notoriety, despite legal and criminal accusations.
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OCI Reports 29.3% Growth in EBITDA and 13.9% Rise in Net Income for FY 2011
Consolidated revenues increased 7.0% to US$ 1,410.4 million (EGP 8,955.8 million) versus US$ 1,318.3 million (EGP 7,574.6 million) in Q4 2010.
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Iraqi Cabinet Approves $363 M Contract with OCI
Iraqi Cabinet Approves US$ 363 million Contract with OCI to Build a 1,000 MW Gas Turbine Power Plant in Baiji, Iraq.
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Cityscape a positive step towards reviving Egypt's economy
Chris Speller, Group Director of Cityscape & Informa Egypt, expressed his delight for the inaugural Cityscape Egypt in association with Next Move.
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Huge confidence from the Egyptian market created Emaar Misr's success
Emaar Misr announced that work on its projects in the heart of Cairo, in New Cairo and on the Sidi Abdel Rahman Bay is progressing strongly.
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Heavy rush witnessed on Cityscape Egypt
City Scape Egypt attracts developers from various industry sectors by providing them with the opportunity to look into the future of Real Estate.
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Debt and turmoil take their toll on Palm Hills
The troubles at Palm Hills Developments Company are growing as Egypt's political unrest worsens, analysts have warned.