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11 September 03:49 PM

Real Estate

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05:48 AM ORA Developers unveils $16bn initial investments in UAE, Iraq
Mubasher:  ORA Developers Group has expanded its presence in the Middle East with two major developments in the UAE and Iraq, according to a press release. The group launched Bayn, a coastal community in Ghantoot connecting Abu Dhabi and Dubai, …
Companies Investments
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10 September 11:12 AM Knight Frank fuels regional expansion with projects in Abu Dhabi
Abu Dhabi - Mubaher: Global real estate consultancy Knight Frank has teamed up with Henry Wiltshire International to strengthen its presence in Abu Dhabi’s prime residential sector. Such a move reinforces Knight Frank’s commitment to expanding its …
Companies Investments
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10 September 10:10 AM UAE’s PRYPCO fosters tokenized property investment in MENA via pre-Series A funding
UAE - Mubasher: PRYPCO, the UAE-based proptech platform, has closed a pre-Series A round for an undisclosed value led by General Catalyst, marking its first investment in the Middle East. The move strengthens PRYPCO’s position as one of the …
Global Economy
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7 September 05:26 PM Orascom Development to pay EGP 0.38/share cash dividends
Cairo - Mubasher: Orascom Development Egypt will distribute a cash dividend of EGP 0.38 per share to shareholders, with the disbursement scheduled for 25 September 2025. The dividend, corresponding to coupon number 3, will be available to …
Cash Dividends
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7 September 03:37 PM Emaar Misr, Golden Coast to establish EGP 900bn project in Red Sea
Cairo - Mubasher: Emaar Misr for Development announced an integrated tourism project in the Red Sea, with expected investments of EGP 900 billion Through its unit, Sky Tower for Real Estate Development, the group signed a development agreement …
Companies Investments
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2 September 04:28 PM Dar Al Alamia launches EGP 7bn Acasa Alma project in New Cairo
Egypt - Mubasher: Dar Al Alamia Developments has launched Acasa Alma in New Cairo’s Sixth Settlement, with total investments of EGP 7 billion. The project aims to set a new benchmark for integrated low-density luxury communities, offering privacy, …
Companies Investments
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2 September 11:17 AM Umm Al Qura launches pre-booking model for SAR 329m land sale at Masar
Riyadh - Mubasher: Umm Al Qura for Development and Construction Company introduced a new real estate investment model that allows land sales at the destination through a pre-booking mechanism, according to a press release. By factoring in both …
Companies Investments
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2 September 09:40 AM RAK Properties enables crypto payment to attract global buyers
Abu Dhabi - Mubasher: RAK Properties has partnered with fintech Hubpay to allow international clients to purchase property using digital assets, including USDT, BTC, and ETH. Payments are instantly converted to AED and settled directly into the …
Real estate
Saudi Egyptian Developers
1 September 03:22 PM Saudi Egyptian Developers unveils rebranding to boost regional expansion
Cairo - Mubasher: Saudi Egyptian Developers Company celebrated its 50th anniversary with the launch of a new logo and refreshed visual identity, signaling the start of a new phase of growth and innovation. The rebranding, shaped as a diamond-heart …
Real estate
Sherif Taha, CEO of EONS Developments
1 September 01:17 PM EONS enters Egyptian real estate market via EGP 10bn investment
Cairo - Mubasher: EONS Developments plans to launch its first project in the First District of New Cairo, with initial investments exceeding EGP 10 billion, according to a press release. With more than 35 years of investment experience in Sweden, …
Real estate
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31 August 04:37 PM GCC-focused Riyad Capital leads SAR 500m Sukuk issuance for Sumou Global Investment
Riyadh - Mubasher: Riyad Capital, a leading asset manager within Saudi Arabia and the GCC region, has issued SAR 500 million in SAR-denominated Sukuk for Sumou Global Investment Company. The three-year issuance marks the first of its kind offering …
Real estate
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28 August 03:47 PM PRE Group logs lower consolidated profits in H1-25; contractual sales near EGP 13.7bn
Riyadh - Mubasher: Pioneers Properties for Urban Development (PRE Group) registered an annual fall in consolidated net profits to EGP 504.22 million during the first half (H1) of 2025, versus EGP 1.33 billion. Earnings per share (EPS) reached EGP …
Financial Results
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27 August 06:00 PM Orascom Construction’s consolidated backlog hits $9.6bn in H1-25, backed by regional operations
Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million …
Real estate
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26 August 10:45 AM Emirates NBD upsizes Dar Global’s syndicated facilities by $165m
Dubai - Mubasher: Emirates NBD has upsized syndicated conventional and Islamic term facilities for Dar Global, the wholly-owned subsidiary of Dar Al Arkan Real Estate Development Company, by $165 million, bringing the total amount to $440 million. …
Banking and Finance
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21 August 04:57 AM Banque Misr pens cooperation protocol with E-systematic to bolster mortgage services
Cairo - Mubasher: Banque Misr has signed a cooperation protocol with E-systematic for Technology and Project Management, the owner of The Official Egyptian Real Estate Platform. The agreement aims to provide smoother access to mortgage financing …
Real estate
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21 August 12:23 AM UAE-based Coraly.ai secures $2m funding to fuel regional expansion, international market entry
UAE – Mubasher: Proptech company Coraly.ai, formerly known as Coralytics, has recently closed a $2 million pre-seed funding round that was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market …
Global Economy
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19 August 02:37 PM Madinet Masr to launch EGP 300m real estate investment fund in Saudi Arabia
Cairo – Mubasher: Secure Assets for Fixed Earnings (SAFE), owned by Madinet Masr Housing and Development, plans to establish a real estate investment fund in Saudi Arabia, with a target capital of EGP 300 million. This move aligns with the …
Real estate
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18 August 05:09 PM Arab Developers turns profitable in H1-25; sales leap104%
Cairo - Mubasher: Arab Developers Holding shifted to consolidated net profits valued at EGP 70.80 million in the first half (H1) of 2025, versus a net loss of EGP 11.41 million in H1-24. Earnings per share (EPS) hit EGP 0.009 in H1-25, compared to …
Real estate
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18 August 12:43 PM Emaar Misr posts 49% lower consolidated profits in H1-25; sales surpass EGP 9.2bn
Cairo - Mubasher: The consolidated net profits after tax of Emaar Misr for Development reached EGP 3.91 billion in the first half (H1) of 2025, an annual shrink of 48.80% from EGP 7.64 billion. Revenues amounted to EGP 9.29 billion in H1-25, …
Real estate
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13 August 03:52 PM Orascom Development records 222% leap in H1-25 consolidated net profits
Cairo - Mubasher: Orascom Development Egypt achieved consolidated net profits after tax worth EGP 3.03 billion in the first six months (6M) of 2025, marking a 222.10% year-on-year (YoY) jump from EGP 942.76 million. Revenues amounted to EGP 11.52 …
Financial Results
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12 August 02:26 PM TMG Holding’s consolidated net profits jump 69% in H1-25
Cairo - Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) logged EGP 8.11 billion in consolidated net profits after tax in the six-month (6M) period ended 30 June 2025. The 6M-25 results reflected a 69% year-on-year (YoY) surge from …
Financial Results
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10 August 09:32 AM Madinet Masr launches EGP 90bn mixed-use development project
Cairo – Mubasher: Madinet Masr Housing and Development recently launched its mixed-use development project Talala in New Heliopolis City, with a total investment of EGP 90 billion. The launch comes as part of the group’s expansion strategy to meet …
Real estate
Emaar generates 34% higher net profit before tax in H1-25
6 August 06:13 PM Emaar generates 34% higher net profit before tax in H1-25; property sales hit AED 46bn, Egypt boosts int'l operations
Dubai – Mubasher: Emaar Properties achieved a net profit before tax worth AED 10.40 billion ($2.80 billion) in the first half (H1) of 2025, recording a growth of 34% compared to H1-24, according to a press release. In terms of sales growth, the …
Global Economy
Al Baraka Bank Egypt partakes in EGP 6.2bn financing contract for Mountain View
5 August 07:23 PM Al Baraka Bank Egypt partakes in EGP 6.2bn financing contract for Mountain View; listed banks included
Cairo – Mubasher: Al Baraka Bank Egypt has participated in a banking consortium comprising five leading Egyptian banks to sign a long-term joint financing contract in favor of the real estate developer Mountain View, according to a press release. …
Companies Investments
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29 July 09:58 AM Modon records AED 10bn sales in H1-25 backed by global expansion
Abu Dhabi - Mubasher: Modon Holding generated net profits after tax valued at AED 2.11 billion in the first half (H1) of 2025, compared to AED 8.73 billion in the year-ago period. Revenues amounted to AED 6.54 billion at the end of June 2025, …
Financial Results