• Sunday, 7 June 2020

    Emaar Misr to build new EGP 40 bn development in Greater Cairo

    INVESTMENT WATCH- Emaar Misr is looking to build a new EGP 40 bn investment zone in the Greater Cairo area, a cabinet statement said on Thursday. The 64-feddan development will feature commercial, residential, hotels and services facilities. The government is...
  • Tuesday, 3 March 2020

    Earnings watch: Emaar Misr's profits halve in 2019

    EARNINGS WATCH- Emaar Misr's profits halve in 2019: Emaar Misr profits fell by 49% to EGP 1.74 bn in 2019, down from EGP 3.42 bn in 2018, according to a regulatory filing. The company's revenues declined by 13.7% to EGP...
  • Monday, 24 February 2020

    Beltone, Emirates NBD tapped to manage HHD secondary offering

    Beltone, Emirates NBD tapped to manage HHD secondary offering: Beltone Financial and Emirates NBD have reportedly been selected to manage the sale of a 25% stake in Heliopolis Housing & Development (HHD), Al Mal reports, citing unnamed sources close to...
  • Wednesday, 19 February 2020

    TMG appoints Emaar Misr’s former development manager as deputy VP

    MOVES- TMG hires Emaar Misr’s former development manager as deputy VP: Hazem El Sharkawy (LinkedIn) has been appointed Talaat Moustafa Group’s (TMG) deputy vice president for technical affairs, he told Hapi Journal. El Sharkawy previously served as senior director of...
  • Thursday, 16 January 2020

    Deadline for HHD 10% stake + management contract bids extended until February

    PRIVATIZATION WATCH- Deadline to bid for 10% stake in HHD with management rights extended until February: Heliopolis Housing & Development (HHD) has extended to 21 February the deadline for investors to submit their bids for a contract to take over...
  • Sunday, 15 December 2019

    Emaar Misr to launch Cairo Gate compound in 2Q2020

    Emaar Misr’s planned new development Cairo Gate is due to launch in the second quarter of 2020, a source from the company told the press. The compound was recently the center of a dispute between Emaar and the New Urban...
  • Wednesday, 4 December 2019

    Shalakany represents GM Egypt in capital increase dispute, Emaar Misr in NUCA settlement

    Shalakany Law Firm successfully defended General Motors Egypt in a dispute filed at the Cairo Economic Court regarding the company’s recent capital increases, the firm said in a statement (pdf). The case claimed that two capital increases worth USD 90.3...
  • Thursday, 28 November 2019

    Emaar signs settlement agreement with NUCA to move ahead with West Cairo project

    DISPUTE WATCH- Emaar signs settlement agreement with NUCA to move ahead with West Cairo project: Emaar Misr has signed a final agreement with the New Urban Communities Authority to settle a dispute with the authority and purchase land surrounding its...
  • Wednesday, 27 November 2019

    Emaar Misr purchases new land in Sheikh Zayed extension

    Emaar Misr has purchased a 500-feddan land plot in Sheikh Zayed extension for an undisclosed amount, head of the Sheikh Zayed City Development Authority Mostafa Fahmy said, according to Mubasher. A separate report from the news outlet indicates the property...

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