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Egypt's Palm Hills delays bond sale till 2011Egypt's Palm Hills Developments has pushed back a plan to sell EGP500 million ($88 million) in bonds until early 2011, Al-Mal newspaper quoted its chief financial officer (CFO) on Sunday as saying. The company had said in January that More… |
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Palm Hills says home demand up as crisis recedesEgypt's Palm Hills Developments said total new reservations soared 86 per cent in the first quarter and contract cancellations continued to fall, signalling a rebound in Egypt's real estate market. Cancellations tumbled 70 per cent More… |
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Raya and Palm Hills sign $16m lease dealEgyptian technology firm Raya and property developer Palm Hills Developments have signed a EGP90 million ($16 million) leasing deal for a Raya-owned property, Raya said on Wednesday. Raya said the deal, signed by the chairmen of both firms More… |
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Palm Hills forays into Saudi ArabiaEgypt-based developer Palm Hills Developments is expanding into Saudi Aarbia through a joint venture with Saudi businessman Khalid Al-Baltan, the company said on Thursday in a statement. The joint venture has a capital of SR600 million ($1 More… |
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Nikki Beach to launch resort in EgyptNikki Beach, one of the world’s most luxurious lifestyle and entertainment brands, will launch its first resort in Egypt at Hacienda Bay. The resort will feature a boutique hotel with 125 rooms and suites all with breathtaking beach and go More… |
