Japanese Ambassador in Cairo Masaaki Nuki has paid a visit to New Alamein to keep abreast of the latest updates on ongoing development projects driving growth and investment in the new coastal city.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with Port Said Governor Adel Al-Ghadban to follow up on the various ongoing development projects driving economic growth and real estate investment to the Mediterranean city.

Egypt's housing ministry has held an expanded meeting to review the Great Transfiguration Project, which is aimed at the restoration of Saint Catherine's Monastery, South Sinai, in an attempt to revive the historical site.

Assistant Vice President of the New Urban Communities Authority (NUCA) Kamal Bhagat has inspected work on 936 low-income social housing units in west Cairo's 800-acre neighborhood, New 6th of October City, calling for a sharp jump in efforts for completion before the scheduled date in September 2021.

Egypt's government has decided against renewing its six-month construction ban in Greater Cairo and Alexandria to end as of December, setting a six-month transitional period to outline the proposed city-scale building and planning controls and requirements for eliminating previous loopholes.

Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities and Major General Khaled Abdel Aal, Governor of Cairo, have held an expanded meeting to follow up on the ongoing development projects across the capital, Invest-Gate reports.

Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, has stated that there is a tremendous demand on reserving the 125,000 fully finished housing units, Invest-gate reports.

Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, has approved the allocation of 21 land plots in eight new cities in Upper Egypt, Invest-Gate reports.

Magdy Youssef, Acting Head of the New Nubaria City Development Authority, inspects the second industrial zone in the city, accompanied by the agency officials, to follow up on the projects underway in the area, Invest-Gate reports.

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) has decided on November 15 to cut the overnight deposit rate, overnight lending rate, and the rate of the main operation by 0.5% (50 bps) to reach 8.25%, 9.25%, and 8.75%, respectively Ahram-Online reports.