News / Egypt

  • Egypt Might See Slow Growth Due to Coronavirus: Minister

    Egypt Might See Slow Growth Due to Coronavirus: Minister

    Sunday, 3 May 2020

    Planning Minister Hala El Saeed said Egypt endeavors to see a growth of 3.5% in FY 2020/21, yet this figure could cripple to 2% if the coronavirus pandemic continues till December.

  • Tourism Businesses Get New Tax Incentives

    Tourism Businesses Get New Tax Incentives

    Tuesday, 7 April 2020

    Hotels and other businesses in the tourism industry will be getting a three-month extension of their tax deadline, also without any penalties or late fees

  • El-Sisi Postpones Inauguration of NAC, GEM Projects to 2021

    El-Sisi Postpones Inauguration of NAC, GEM Projects to 2021

    Sunday, 5 April 2020

    President Abdel-Fattah El-Sisi has asked the government on April 4 to reschedule the launch of all national megaprojects planned for this year to 2021 due to the COVID-19 (coronavirus) outbreak

  • CBE to Support Stock Market with EGP 20 bn: Sisi

    CBE to Support Stock Market with EGP 20 bn: Sisi

    Sunday, 22 March 2020

    President Abdel-Fattah El-Sisi said on March 22 the Central Bank of Egypt (CBE) will allocate EGP 20 billion to support the stock Exchange during the economic slowdown caused by the coronavirus pandemic

  • NUCA, Al Manara Ink Deal for New Compound in West Cairo

    NUCA, Al Manara Ink Deal for New Compound in West Cairo

    Monday, 25 November 2019

    New Urban Communities Authority (NUCA) has inked a partnership contract worth EGP 1.3 bn with Al Manara for Urban Development to establish “Green Land” compound in the 6th of October city, west Cairo

  • City Centre Almaza Officially Opens to Public

    City Centre Almaza Officially Opens to Public

    Wednesday, 2 October 2019

    UAE-based real estate developer and retail giant Majid Al Futtaim officially opened the doors of its EGP 9.35 bn City Centre Almaza shopping mall in Heliopolis, east Cairo, on September 30.

  • Alburouj Phase I to be Delivered This Year: Imkan

    Alburouj Phase I to be Delivered This Year: Imkan

    Thursday, 26 September 2019

    Abu Dhabi's Imkan said the first phase of Alburouj development in east Cairo, near Shorouk City, will be delivered this year.

  • ALDAU Development Launches Cairo West Residence Phase I

    ALDAU Development Launches Cairo West Residence Phase I

    Tuesday, 24 September 2019

    Egypt’s hospitality and property developer ALDAU Development, a member of Sami Saad Holding, has launched the first phase of “Cairo West Residence,” its newest 11-acre residential project in west Cairo

  • JLL Remains Positive on Cairo Real Estate Market

    JLL Remains Positive on Cairo Real Estate Market

    Monday, 29 July 2019

    JLL revealed in its latest report that Cairo’s real estate market, with its various sectors, remained strong and saw healthy demand levels throughout the first half of 2019.

  • Invest-Gate Forms Its Real Estate CSR Committee

    Invest-Gate Forms Its Real Estate CSR Committee

    Wednesday, 24 July 2019

    Invest-Gate forms the first corporate social responsibility (CSR) committee for the Egyptian real estate sector, along with key property developers, to carry out social investment and enhance the livelihood of those underprivileged, complementing the success made by the former's first real estate industry charitable Sohour “Bab El Ezz."