• 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...
  • Sunday, 24 November 2019

    NUCA, Almanar partner on Greenland compound in Sixth of October

    The New Urban Communities Authority has signed a partnership agreement with Almanar Urban Development to build a EGP 1.3 bn residential compound in Sixth of October’s Ganoub El Ahyaa area, according to a cabinet statement.
  • Sunday, 24 November 2019

    Sarwa Capital, Banque Misr conclude EGP 4 bn NUCA securitized bond issuance

    DEBT WATCH- Sarwa, Banque Misr conclude EGP 4 bn NUCA securitized bond issuance: Sarwa Capital and Banque Misr have concluded an EGP 4 bn securitized bond issuance on behalf of the New Urban Communities Authority (NUCA), Sarwa announced in a...
  • Sunday, 24 November 2019

    Everything you need to know about Egypt’s Investment for Africa Forum 2019

    Everything you need to know about Investment for Africa 2019, including agreements worth a combined USD 3 bn: Eleven agreements worth more than USD 3 bn were signed during the two-day Investment for Africa Forum, which wrapped up yesterday in...
  • Sunday, 13 October 2019

    NUCA to begin Warraq Island development in 1H 2020

    The New Urban Communities Authority (NUCA) will begin the first phase of the Warraq Island development in 1H 2020, Al Shorouk reports. The authority will spend more than EGP 1 bn constructing 10k housing units and other infrastructure during the...
  • Tuesday, 24 September 2019

    NUCA begins third phase of Sixth of October water purification plant

    The New Urban Communities Authority (NUCA) has begun building the third phase of a EGP 1.5 bn water purification plant in Sixth of October, Housing Minister Assem El Gazzar said, according to the local press. The phase will have a...
  • Monday, 23 September 2019

    New Urban Communities Authority prepares EGP 10 bn securitization process

    The New Urban Communities Authority (NUCA) will issue another EGP 10 bn in securitized bonds before the end of 2019, sources told the local press. The National Bank of Egypt, CIB, the Arab African International Bank, and EFG Hermes are...
  • Thursday, 12 September 2019

    NUCA signs MoU for waste-to-energy project in west Cairo

    The New Urban Communities Authority (NUCA) has signed an MoU with Besix and Orascom Construction for a waste-to-energy project to supply cement factories in west Cairo, according to a Housing Ministry statement. The two companies will fund all the necessary...
  • Wednesday, 11 September 2019

    Sarwa close to concluding EGP 5 bn in securitized bond issuances

    Consumer and structured-finance player Sarwa Capital is close to concluding two issuances of securitized bonds worth EGP 5 bn, Ayman El Sawy, managing director of Sarwa Promotion & Underwriting, told the local press. The company expects to offer EGP 4...

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