Latest news with #RockWhite
Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
Rock Developments unveils Rock Green project in New Heliopolis with EGP 7bn investment
Rock Developments has officially announced the launch of its newest residential project, Rock Green, in New Heliopolis City, with total investments reaching EGP 7bn. The development spans 17 feddans and reflects the company's broader strategic vision to expand and diversify its real estate portfolio across Egypt. Emad Doss, CEO of Rock Developments, stated that Rock Green will feature over 466 residential units ranging in size from 116 to 236 square meters, in addition to 40 private villas. The project is set to be implemented in three distinct phases. Parthena Doss, board member at Rock Developments, revealed that the company is targeting EGP 1.5bn in sales from the first phase alone. She further noted that the company's land portfolio now exceeds 5 million square meters, encompassing more than 20,000 units spread across ten large-scale developments, with a total investment value surpassing EGP 20bn. Rock Developments also holds the distinction of being the largest developer in Sheraton Heliopolis, with over 70 residential and commercial buildings completed to date. The company operates as a joint Egyptian-Canadian venture with more than 45 years of experience in the local real estate market. Rock Developments has built a robust and diverse portfolio across Greater Cairo. Its residential projects include Rock Green and Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October City, Rock Ville in Obour, and Rock Vera in New Cairo. On the commercial and administrative front, the company has developed Rock Capital 1 in the New Administrative Capital, Rock Gold Mall in New Cairo, and a number of retail and mixed-use plazas in Obour, 6th of October, and Sheraton. Looking ahead, the company is planning to launch five new projects during the second half of the year. These projects will be located in key strategic areas across East and West Cairo, as well as within the New Administrative Capital, reinforcing Rock Developments' ongoing commitment to market expansion and innovation. According to Parthena Doss, the Rock Green compound will offer semi-finished apartments and villas, with average unit sizes hovering around 150 square meters. The company is offering payment plans extending up to eight years, with delivery of the first phase expected in 2029. She emphasized that the project has been carefully designed to meet the lifestyle needs of modern residents. Rock Green will include a wide range of integrated services and amenities. These include an Olympic-standard walking and jogging track, a state-of-the-art gym, social and leisure spaces, an electric vehicle charging station, and designated parking for bicycles. The compound will also feature a luxurious entrance, tranquil areas for yoga and outdoor work, a quiet reading zone, a large central park, a dedicated children's play area, a closed dog park, and several thoughtfully designed community zones to promote interaction and well-being. As part of its 2025 expansion strategy, Rock Developments aims to achieve EGP 5 billion in contracted sales by the end of the year. This target will be driven by the launch of five new projects spanning residential, commercial, and administrative sectors in high-demand areas, as the company continues to solidify its position as a leading player in Egypt's evolving real estate market.
Daily News Egypt
15-06-2025
- Business
- Daily News Egypt
Rock Developments to launch new 17-feddan residential project in New Heliopolis
Rock Developments is set to unveil its latest residential community in East Cairo, located in the heart of New Heliopolis. The official launch is expected by the end of the month. Emad Doss, Managing Director of Rock Developments, stated that the upcoming project represents a key milestone in the company's ongoing expansion strategy to deliver fully integrated residential environments. Spanning 17 feddans, the development will maintain a low building footprint—limited to just 15%—with over 85% of the land dedicated to landscaped gardens and open green spaces. According to Doss, the project will feature a diverse range of residential units and standalone villas, designed with modern aesthetics and offered in various sizes to meet the needs of today's homebuyers seeking a contemporary lifestyle. The community will also include a comprehensive suite of amenities, such as jogging and walking tracks, children's play areas, co-working spaces, reading zones, a sports area, and pet-friendly spaces. Residents will benefit from round-the-clock security and maintenance services. Doss noted that the first phase of the project will launch soon with competitive pricing, and units are expected to be delivered by 2029. Rock Developments is the real estate arm of El Batal Group for Investment. Its growing portfolio includes residential and commercial developments across Egypt and Canada under the 'Rock' brand, such as Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October, Rock Capital 1 in the New Administrative Capital, and both Rock Vera and Rock Gold Mall in New Cairo.
Yahoo
26-02-2025
- Business
- Yahoo
Netflix Stock Could Bounce Off Bullish Trendline
The shares of streaming giant Netflix Inc (NASDAQ:NFLX) pulled back alongside , logging losses in the past four sessions after hitting a Feb. 14 record high of $1,064.50. However, the security was last seen 2.3% higher to trade at $998.53, approaching a historically bullish trendline that and could provide additional tailwinds. According to Schaeffer's Senior Quantitative Analyst Rock White, NFLX is nearing its 50-day moving average after spending a significant stretch above it. Specifically, 80% of the past two months, and eight of the last 10 trading days. In the last three years, the stock triggered this signal nine times, with a one-month gain occurring 67% of the time and averaging a 5.8% return. A similar move would place NFLX back above $1,050. Despite the recent dip, the stock remains a strong performer, boasting an 12.2% year-to-date lead and a 66.3% gain over the past 12 months. The equity has climbed higher every month since August and is on track for its seventh consecutive monthly win. Bearish bets have been piling up over the past two weeks, with Netflix stock's 10-day put/call volume ratio of 1 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranking in the 88th percentile of its annual range. This suggests an unusually high preference for puts over calls among traders, even as the equity trades near record highs. Meanwhile, options appear to offer an attractive way to speculate on NFLX's next move. The stock's Schaeffer's Volatility Index (SVI) of 31% ranks in the 16th percentile of its annual range, indicating relatively low volatility expectations -- a boon for premium buyers. Sign in to access your portfolio
