• Monday, 26 August 2019

    Emaar Misr awards Arabtec contract to build two communities in Uptown Cairo

    Emaar Misr has awarded Dubai-based construction company Arabtec a EGP 1.8 bn contract to build two residential areas in Emaar’s Uptown Cairo project, Emaar said in a bourse filing (pdf).
  • Wednesday, 21 August 2019

    Lawsuit filed against Emaar Misr over Marassi land plot

    DISPUTE WATCH- Emaar Misr sued over Marassi land plot: Businessman Waheed Raafat has filed a legal case against Emaar Misr claiming to own 400 feddans of the land plot on which real estate developer Emaar Misr has built its Marassi...
  • Tuesday, 6 August 2019

    Earnings: Emaar Misr turns loss of EGP 324.3 mn in 3Q2019

    EARNINGS WATCH- Emaar Misr turned net losses of EGP 324.3 mn in 2Q2019, down from a net profit of EGP 598.5 mn in 2Q2018, according to the developer’s earnings release (pdf). This came despite the company’s revenues declining by only...
  • Thursday, 11 July 2019

    Madbouly Cabinet signs off on El Nasr, Emaar settlement

    DISPUTE WATCH- Madbouly Cabinet signs off on El Nasr, Emaar settlement: The Madbouly Cabinet has signed off on the settlement agreement between property developers Emaar Misr and state-owned El Nasr Housing, according to a cabinet statement. El Nasr brought an...
  • Tuesday, 9 July 2019

    Emaar to pay El Nasr EGP 100 mn to settle dispute

    DISPUTE WATCH- Emaar to pay El Nasr EGP 100 mn to settle dispute: Property developer Emaar Misr has agreed to pay state-owned El Nasr Housing EGP 100 mn to settle their dispute, Public Enterprises Minister Hisham Tawfik told Al Mal....
  • Monday, 13 May 2019

    Egyptian arbitration experts survey disputed Uptown Cairo land

    DISPUTE WATCH- Arbitrators oversee survey of disputed Uptown Cairo land: Experts from the Cairo Regional Centre for International Commercial Arbitration (CRCICA) last Tuesday oversaw a land survey of Emaar Misr’s Uptown Cairo project as part of an ongoing dispute with...
  • Sunday, 14 April 2019

    Is Emaar Misr’s EGP 878 mn donation to the state related to its ongoing dispute with El Nasr Housing?

    Watch this space: Emaar Misr has donated EGP 878 mn to national megaprojects, a form of corporate largesse that Public Enterprise Minister Hisham Tawfik told Al Mal over the weekend is unrelated to the real estate developer’s ongoing dispute with...
  • Monday, 25 March 2019

    Emaar Misr negotiating over Sheikh Zayed plot status

    Real estate developer Emaar Misr is still negotiating with authorities over paying fees levied after it changed the purpose of a land plot in Sheikh Zayed to housing, the company said in a bourse filing. The company denied a report...
  • Tuesday, 5 March 2019

    Emaar, El Nasr negotiations signal potential resolution, case still with court

    BEEF WATCH- Case against Emaar still under court review but negotiations are positive: An arbitration case againstEmaar Misrfiled by El Nasr Housingis still being reviewed by the Cairo Regional Centre for International Commercial Arbitration, the UAE-based company said in a...

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