Shaimaa Al-Aees

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Latest by Shaimaa Al-Aees


HHD offers 44 plots of land at Airport Sheraton by public auction in May

The Heliopolis Company for Housing and Development (HHD), one of subsidiaries of the Holding Company for Construction and Development affiliated to the ministry of public enterprise sector, intends to sell 44 plots of land on the main streets of the Sheraton area, in east Cairo. The HHD’s Managing Director, Sahar Al Damati, said in press …

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Namaa launches Capital One project in NAC

Namaa Development and Real Estate Investment has announced the launch of its latest project in the New Administrative Capital (NAC) called Capital One, to become the largest private sector management complex in the central business district (CDB) in the NAC. During the celebration of the 20th anniversary of its presence in Egyptian market as a …

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Sabbour Consulting, Hometown contract to design Zaha Park New Capital

Sabbour Consulting and Hometown Real Estate Development contracted to design and supervise the implementation of Zaha Park New Capital, a commercial administrative project, in the New Administrative Capital (NAC). Founder of Sabbour Consulting, Hussein Sabbour said, “According to the contract, our office will provide all engineering consultations for the design works, and supervise the implementation …

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Moody’s upgrades Egypt’s ratings to B2

Moody’s, credit rating agency, upgraded Egypt’s rating to B2 from B3 and changed the country’s outlook to stable from positive. Finance Minister Mohamed Moeit said that Moody’s decision to raise the credit rating of Egypt to B2 while maintaining a “stable outlook” is a new certificate from the world’s leading rating agency for the success of …

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Egypt’s foreign exchange inflows hit $150bn since November 2016

Washington, DC- Foreign exchange flows received by the Central Bank of Egypt (CBE) since the flotation of the Egyptian pound since 3 November 2016 exceeded EGP 150bn, Governor of the CBE Tarek Amer said on Friday. Amer added in an exclusive statement to Daily News Egypt on the sidelines of the International Monetary Fund’s (IMF) …

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IMF has always helped countries during economic difficulties: Lagarde

Washington DC– IMF has helped the countries through their economic difficulties, said Christine Lagarde Managing Director of the International Monetary Fund (IMF) on Wednesday. Lagarde added that after 75 years of cooperation since the IMF was established systems have changed and adapted from exchange rates of currency to the gold standards system in 70th to reform …

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Egyptian economy growing at very reasonable rate: IMF

Washington DC – Gian Maria Milesi-Ferretti, the deputy director in the Research Department of the International Monetary Fund (IMF), told Daily News Egypt that Egypt’s economy is doing well as it is growing at a very reasonable rate. Milesi-Ferretti noted that, however, it was a difficult moment for emerging markets earlier in 2018 due to capital …

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Egypt’s economic growth to record 5.5% in 2019: IMF

Washington, DC – Egyptian economy will grow by 5.5% this year, the International Monetary Fund (IMF) said in its World Economic Outlook (WEO) April 2019, unchanged from its expectations in October 2018. Further, the IMF expected that the country’s economic growth will reach 5.9% in 2020. However, Egypt’s economic growth forecast was estimated at 6% in …

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MG Developments begins implementation of HQ project in New Cairo

MG Developments has begun the construction of the Headquarters (HQ) business project placed in the first sector on 90th street in the Fifth Settlement, New Cairo, on 11,000 sqm. The company launched the HQ project last November, and it comprises of commercial and administrative units, with total investments worth EGP 1bn. Chairperson of MG Developments, …

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