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        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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

Sayed Badr - 2014-06-18 14:00:05
Chairman of Egyptian Financial Supervisory Authority(EFSA) Sherif Samy said the total value of Mortgage lease contracts within the period from December to April reached up EGP1.7 billion against EGP1.58 billion in the same period of the previous year, move up by 9.1%. Real Estate activity comes at the top of ratings as it recorded EGP712.8 million with 41%, then trucks activity seized 18% (EGP312 million ) from the total mortgage lease contract in addition machinery and equipment that reached 11.5% (EGP198 million), Samy added. The total number of Mortgage lease firms are 25 , Korbliss Leasing Company ranked first by capturing 21.27% market share and GB ranked second with 15.4% market share and QNB Alahi's Corporate and Investment as it gets 11.35% from the contracts till the end of April 2014. More»
Amwal Al Ghad English - 2014-06-18 10:14:19
Delegates from Arabtec construction, L.L.C. will arrive to Cairo next week for the establishment of the company's Egyptian unit which will handle the 1 million unit project in cooperation with the Armed forces. Sources told AlBorsa newspaper the company is looking into the possibility of establishing the company's capital to be in UAE Dirhams to avoid losses from potential difference in exchange rates. Arabtec agreed with Commercial international bank to be acting as the financial advisor to organize the needed funding the project requires, according to sources. The company will sign agreements with a number construction companies and alliances to participate in the project. The source added that the company is looking into options to lower the costs of the project like importing part of the construction materials from outside due to lower costs. Regarding the hurdles facing the project, the source said that the project requires 6 million doors which will not be covered by the local supply which means it will be imported. The source also revealed that the army asked the company to follow a Cautious purchasing policy to avoid bottlenecks in the local construction material sector. More»
Amwal Al Ghad English - 2014-06-16 08:58:45
Egypt-based Property developer Palm Hills Development (PHD) (PHDC.CA) negated in a statement to the Egyptian Exchange (EGX) on Monday having any current dealings with Majid Al-Futtaim Group (MAF Group). The statement came in reply to EGX inquiries about the press news reported that the Egyptian Cabinet reached a final draft for reaching a settlement agreement between MAF and Palm Hills. PHD had obtained the approval of the Armed Forces on utilizing a 98-feddan land plot in Matrouh governorate. More»
Amwal Al Ghad English - 2014-06-12 14:12:11
Egypt's Mortgage Finance Fund signed today protocols of cooperation with 11 local banks to support low-income citizens. The protocols signed on Wednesday are at value of EGP 10.250 billion. According to the MFF Chairman Mai Abdel Hamid, the banks that inked the protocol are; the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire, Housing & Development Bank (HDB), BLOM Bank Egypt, the Egyptian Gulf Bank (EGB), Export Development Bank of Egypt (EDBE), Industrial Development & Workers Bank of Egypt (IDWBE), United Bank, Faisal Islamic Bank of Egypt, and Arab Investment Bank (AIB). As pursuant to the Egyptian Central Bank's affordable housing initiative, the banks provide mortgage finance for low and middle-income citizens, at 7-8% interest rates. More»
Marwa Himdan - 2014-06-04 13:50:08
Arab Contractors Company will be finalized its draft roads in Ethiopia within the upcoming two years with total cost estimated at US$111million. Arab Contractors has concluded executive program with Ethiopian Roads Authority (ERA) Ehab Mansour, the Technical director of the African project sectors at the Company said. It is schedule to finalize the construction works for the rehabilitation of roads by 2016. The company's office is currently negotiating with Ethiopia regarding expanding the executive program of the company's business volume so as to include several infrastructure projects, Ehab stressed. Ehab denied what was circulated concerning Ethiopian Dam Crisis  on the volume of the company's works , adding that the strong relations of PM Mehleb contributed in boosting the company's volume in the African market. More»
Amwal Al Ghad English - 2014-06-02 13:17:06
Dubai-based construction firm Arabtec Holding aims to float half of its Egyptian unit on the Cairo stock exchange in 2016 or 2017 in an initial public offer that would value the unit at around $10 billion, the firm said on Monday. In response to questions from Reuters, Arabtec also said it planned to invest about $60 billion in Egypt over the next three years in sectors such as real estate development, infrastructure, trains, airports, and oil and gas. The company did not give details of its plans, which will depend heavily on factors outside its control, such as Egypt's political and economic stability in the wake of its 2011 revolution. Nor did it specify how it would finance such huge investments, which could strain its finances at the company's current size. Arabtec's revenues rose 30 percent to 7.4 billion dirhams ($2.0 billion) last year. But the announcement underlined how Egypt, which is trying to rebuild its economy after three years of political turmoil, can hope for substantial support from state-backed companies in the wealthy Gulf countries. The United Arab Emirates, Saudi Arabia and Kuwait applauded the ouster of Egypt's Islamist president Mohamed Morsi last year and have given Egypt billions of dollars of aid since then to help prevent any resurgence of the Muslim Brotherhood. Arabtec, whose largest shareholder is Abu Dhabi state fund Aabar with a 22 percent stake, has emerged as a major channel for the UAE's economic diplomacy. The company said in March that it would help to ease Egypt's politically sensitive housing shortage by launching a $40 billion project to build one million homes by 2020 on land provided free by Egypt's armed forces. In its statement on Monday, Arabtec linked its planned investments in Egypt to last week's presidential election victory by former army chief Abdel Fattah al-Sisi, the favourite of the Gulf states. "The political stability which will be witnessed in Egypt following the victory of Field Marshal Abdel Fattah al-Sisi in the presidential election will boost the company's investment plans in Egypt," the company said. More»
Amwal Al Ghad English - 2014-06-01 09:30:46
United Housing and Development said it signed an agreement with Sabbour Consulting to structure 100 acres of land at Alexandria, to establish an integrated residential city. The new project investment cost expected to stand at around EGP 4.5 billion including the land's value, while sales proceeds expected to reach EGP 10 billion. United Housing is 7.8% owned by Pioneers Holding for Financial Investment. The property developer posted EGP 4.4 million net profits in Q1-FY14, with decline by 13% compared with EGP 5 million in the same period a year earlier. More»
Maha Essam - 2014-05-29 13:46:37
Egypt's Housing Sector will be meeting today in order to follow up the executive situation of 'Social Housing Project' in various governorates. The sector meets periodically in order to follow up the part which will be implemented by the Ministry in the project ,Eng. Nafisa Hashim, Housing and Public Utilities Sector's head at the Ministry said. More»
Amwal Al Ghad English - 2014-05-29 10:28:03
Six of October Development & Investment (SODIC)  (OCDI) announced, in a press release, that its fully owned company, SOREAL for Real Estate Development, submitted the highest financial bid for 301 acre land plot which was put forward by New Urban Communities Authority (NUCA) in an auction session held by NUCA on 28th of may.The company added that SOREAL for Real Estate Development had received an official notification of the acceptance of its technical proposal from NUCA, and is expecting to receive the official documents awarding the land to the company in the coming weeks. The 301 acre plot of land is strategically located in the heart of New Cairo directly off Road 90, a five minute drive from SODIC’s mixed-use development Eastown and The American University of Cairo’s new campus. More»
Maha Essam - 2014-05-29 07:59:05
Egypt's Housing and Urban Communities Ministry obtained EGP500million from the Planning Ministry among the urgent phase of social housing project in order to implement one million housing units. Speaking to Amwal Al Ghad Arabic's Website, Eng. Nafisa Hashim, Housing and Public Utilities Sector's head at the Ministry illustrated that this amount will be among the budget of the current fiscal year. More»