Real estate developers see retail potential
CAIRO: Real estate developers sounded out about the impact of regulatory changes, the availability of bank capital and why institutional investment capital is reluctant to enter the market at a…
Oil prices hover below $77 after US inventory rise
LONDON: Oil prices edged down to hover below $77 a barrel on Wednesday after a surprise hike in crude inventories in the world's top energy consumer the United States dampened…
Al Jazeera denies apologizing to ERTU
CAIRO: Al Jazeera Sports Channels denied an announcement by the Egyptian Radio and Television Union (ERTU) that it apologized for accusing Egypt of jamming its World Cup transmission on the…
Khaled Saeid’s body exhumed, new autopsy performed
Eyewitnesses to Saeid’s arrest in an internet cafe in Alexandria on Sunday June 6, however, say that he was beaten to death by two policemen.
Experts talk mortgage finance and low-income housing at Euromoney
CAIRO: Distrust and lack of public awareness regarding the role of financial institutions and developers in providing affordable housing impedes the market from reaching its full potential, said speakers at…
OCI leads Egypt's index, Juhayna recoups
Builder and fertilizer-maker Orascom Construction Industries (OCI) rose 1.3 percent, pushing Egypt's main index to a modest gain after it ended nearly flat in the two previous sessions. "Egypt's index…
Egypt to restore free zone status to refineries
Egypt's parliament has agreed to restore free zone status to oil refineries, newspapers reported on Wednesday, potentially removing a hurdle that had deterred foreign investment in the country's energy sector.…
Rice exports concluded for current season
New tenders to export Egyptian rice will not be held, as exports of the determined quantity for the current season came to an end, reported Al-Ahram newspaper quoting Advisor to…
Remco may build $250 mln cement plant
Remco for Touristic Villages Construction, the third-biggest publicly traded resorts company in Egypt, may build a $250 million cement plant and increase its capital by selling global depositary receipts. “We’re…
SODIC-led consortium wins tender for Mansoura retail center
A consortium led by Egyptian real estate developer SODIC has won a tender to develop a retail center in Mansoura, the firm said in a statement. SODIC said Tuesday that…