El Nasr Housing and Reconstruction (El Nasr) has accepted Emaar Misr’s EGP100mn settlement offer for their dispute over the Uptown Cairo project, El Nasr Board member Ezzat Ibrahim told a local newspaper. He added that the company has referred the case to the Ministry of Public Enterprises to sign off on its approval of the offer. El Nasr, which filed for arbitration last July, had demanded Emaar to pay EGP1bn and return 3mn sqm of land in Mokattam it says Emaar failed to develop since acquiring it in a 2005 agreement. (Al Masry Al Youm)
 
Emaar Misr: EGP4.01 as of 10 May. 2018, Rating: Buy, TP: EGP5.60/share, MCap: USD1,024mn, EMFD EY/EMFD.CA