amwalalghad :: Real Estate

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Business - Real Estate

Dina Abdel-Fattah, Ahmed Ali, Eman Ali - 2013-11-11 10:33:33
Chairman and Managing Director of El-Taamir Mortgage Finance Co – Al-Oula ‘Allowing mortgage companies to practice leasing activities, establish and manage real estate funds is inevitable … Package of legislation to resolve mortgage finance problems … Reduce retained liquidity ratio to maximize the return.’ Hassan Hussein, Chairman and Managing Director of El-Taamir Mortgage Finance Co – Al-Oula, said that the Egyptian economy currently needs to adopt a package of urgent legislation during the current period, as it will fall within the competence of the Egyptian president to contribute in overcoming obstacles for the investor and to stimulate the economy again, concerning mortgage activities, which face many challenges currently. More»
Dina Abdel Fattah and Abdel Haleem El Gendy - 2013-11-10 23:55:17
“Adopting new concessions and eliminating unstable investments is a starting point for the real estate sector. In cooperation with Russia and China, we have presented the Kandil government with a project worth $9 billion dollars and foiled attempts of Muslim Brotherhood encroachment. Some 97 per cent of our investments are self-funded and we are looking forward to the opening of Kempinski Royal Maxim Palace in March 2014” Mohamed Karar, President of Maxim Holding Group for Real Estate and Tourism Investment said the Egyptian economy is going through a critical period. The effects of political and security instability Egypt has been experiencing over the past two and half years have affected most industries and resource allocation. These impacts would not last for long, he added, since the government is keen on implementing the roadmap it has set on finalizing the restructuring of state institutions, legislative councils and the upcoming elections and constitution. More»
Maha Essam and Marwa Hemdan - 2013-11-10 23:27:55
Government's arrears worth LE3.6 billion, and NBE initiative to settle it is a good move Eng. Mohsen Salah, CEO of Arab Contractors, said his company's operations total LE8 billion and the target is double them to LE16 billion by the end of the fiscal year. He told Amwal Al Ghad in an interview that Arab Contractors was carrying out a number of key facilities such as water stations for the Water and Sewage Agency in addition to 25 silos financed by the UAE and the Armed Forces. It also mulls to compete for 10 other silos. Salah said his company was also working on Assuit barrages and a power station in Suez worth LE600 million. The company targets to complete the third line of the Underground Metro in cooperation with the French partner this year. Salah stressed that the construction sector is the country's economic driving force. Therefore, it should be boosted by defraying arrears lest more companies exit the market. More»
Amwal Al Ghad English - 2013-11-10 13:38:40
SODIC (“Sixth of October Development & Investment Company”) (OCDI.CA) has obtained an injunction from the State Council suspending the New Urban Communities Authority (NUCA)'s latest challenge - on the 4th of November 2013 – to terminate the contract of Eastown (plot of land in New Cairo, 0.86 mln sqm). Eastown is owned by SOREAL – a 100% SODIC owned company – “the Company” and is paid in full. The injunction confirms once again the Company’s ownership and right to continue all the works that had already started on site. More»
Maha Essam - 2013-11-09 15:15:07
The Housing Ministry is intending to ink cooperation protocol with the Egyptian Governors in order to establish 94128 residential units of Social Housing Project ‘One million units’ project Phase II, with 70 square meters for the unit, said the Egyptian Housing Minister, Eng. Ibrahim Mehlab. This came within the inspection tour of the Minister and Kaliobeya Governor to inaugurate several drinking water and sewage projects. Mehlab said the Central Agency for Reconstruction is implementing Phase I of the project with 52 K residential units, pointing out that the Agency will complete the establishment of these units during the next period. More»
Amwal Al Ghad English - 2013-11-06 09:53:20
In line with the company's strategy of optimizing internal processes, enhancing performance and increasing efficiency, Orascom Development (ODHN) is establishing a joint venture with Abdelhamid Abouyoussef under the name of 'Orascom Hotels Management' (OHM) to asset manage the entire Group's hotels. The company will be 75% owned by Orascom Development and 25% owned by Abdelhamid Abouyoussef who will also be the Managing Partner of OHM. The new established company OHM will be an additional tool to optimize value in the hotels business segment, utilizing Abdelhamid's hotels management experience and know-how to further strengthen the segment's capacity and performance. Abdelhamid Abouyoussef holds a bachelor degree in mechanical engineering from the American University in Cairo and a master's degree from the University of California at Berkeley with 15 yrs of experience in the fields of hotel construction and management. Abouyoussef is an owner of 1,600 hotel rooms throughout Egypt (Sharm El Sheikh, Marsa Alam, Alamein and the Baharia Oasis in the western desert) and of a travel agency handling over 100,000 tourists per year. More»
Amwal Al Ghad English - 2013-11-04 14:14:49
Subscription rights of property developer Palm Hills Development (PHD) (PHDC.CA) started trading today, November 4 to continue till December 2, 2013. The securities listing committee in the Egyptian Exchange (EGX) had approved on October 23 the listing of subscription rights separately from original shares. A total of 300 million subscription rights resulted from increasing issued capital by EGP 600 million from EGP 2,096,640,000 to EGP 2,696,640,000, at EGP 2 par value, or 0.28617-for-1. On October 9, the Egyptian Financial Supervisory Authority (EFSA) announced it initialed approved the request of PHD to invite shareholders to subscribe to 300 million secondary shares at EGP 2 par value (plus EGP 0.03 issue costs) each, to increase issued capital by EGP 600 million. The offering will be managed by EFG-Hermes and Pioneers Holding via receiving bank Arab African International Bank (AAIB). The subscription, which will close on December 2, will be carried out at EGP 2 par value plus EGP 0.03 issue costs. According to the company’s statement, launching the secondary offering at current time reflects investor confidence in the real estate sector and its ability to lead economic growth. More»
Amwal Al Ghad English - 2013-10-26 09:01:30
Moody's Investors Service has today upgraded the corporate family rating (CFR) and probability of default rating (PDR) of Aldar Properties PJSC (Aldar, or 'the company') by three notches to Ba1 and Ba1-PD from B1 and B1-PD respectively. Concurrently, Moody's has upgraded the $1.25 billion of bonds due 2014 issued by Atlantic Finance Limited and unconditionally guaranteed by Aldar by three notches, to Ba2 from B2. The outlook on all ratings is positive. This concludes the ratings review initiated on January 22, 2013 following the announcement that Aldar and Sorouh Properties PJSC would merge. Moody's subsequently maintained the review after upgrading the CFR to B1 on July 1, 2013. "We have upgraded Aldar's ratings by three notches as a result of the company completing its merger with Sorouh. The merger was transformational in nature as it added material recurring rental income from residential properties and created the leading Abu Dhabi real estate player with a large land bank and a sizable investment property portfolio. There is increased visibility regarding the combined entity's transactions with the government of Abu Dhabi, as well as in terms of its project pipeline and cash flow projections," said Martin Kohlhase, Moody's Senior Analyst and local market analyst for Aldar. "Aldar has a significantly improved risk profile as a result of increased visibility. Contracted transactions between the Abu Dhabi government and the company are planned to run until 2017, amounting to around AED9.1 billion, or $2.5 billion." More»
Amwal Al Ghad English - 2013-10-21 13:54:51
Palm Hills Development (PHD) announced that a secondary offering will be launched on November 4 to increase capital by EGP 600 million to EGP 2,696,640,000. The offering will be managed by EFG-Hermes and Pioneers Holding via receiving bank the Arab African International Bank (AAIB), Palm Hills noted in a statement. The subscription, which will close on December 2, will be carried out at EGP 2 par value plus EGP 0.03 issue costs. According to the company’s statement, launching the secondary offering at current time reflects investor confidence in the real estate sector and its ability to lead economic growth. More»
Amwal Al Ghad English - 2013-10-10 09:31:51
Egyptian Financial Supervisory Authority (EFSA) announced that it approved Palm Hills Development Co. - (PHDC.CA)'s request to increased its issued and paid-up capital to EGP 600 million.Palm Hills has called for existing shareholders to subscribe in issued and paid capital amounting to EGP 600 million for 300 million at a nominal value of EGP 2 per share in addition to EGP 0.03 issuance fees.   Shareholders as of 28/10/2013 are entitled for subscription. More»