News / Government

Housing Minister Tours NAC’s Latest Developments

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has toured the Capital Central Park and Central Business District (CBD) projects in the New Administrative Capital (NAC) to stay abreast of new developments on site.

NUCA VP Inspects Projects in New 6th of October City

Abdulmutallab Mamdouh, NUCA Vice President, inspects underway projects in New 6th of October City, accompanied by Adel Al-Nagar, Head of the City Authority, along with officials of the agency, Invest-Gate reports.

Reconciliation Period for Building Violations Extended Another Month

Egypt's Cabinet has issued a decree to extend the deadline to receive reconciliation requests for building violations for another month, to end next November.

Official Inspects Projects Underway in New Alamein

New Urban Communities Authority (NUCA) Deputy Head of Development of New Cities Alaa Abdel Aziz has inspected some ongoing projects in New Alamein, accompanied by Head of New Alamein Authority Osama Abdel Ghani, along with other ministerial officials.

Egypt’s Stock Market Resumes Trading on CIB Shares

Egypt’s Stock Exchange has resumed trading Commercial International Bank (CIB) shares on October 25 after suspending it on October 23 at the request of the Financial Regulatory Authority (FRA)

Gov’t Reviews Using Artificial Turf in Landscaping Works in New Cities

Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, and Ashraf Sobhi, Minister of Youth and Sports, along with Mohamed Ahmed Morsi, Minister of State for Military Production review the possibility of using synthetic grass in the landscape of the new cities, Invest-gate reports.

New Aswan Hosts Rowing & Sailing Marathon

Aswan University, the Rowing Club, and Water Sports have run a marathon of six kilometers for sailing boats and rowing at the beach park in New Aswan.

NUCA’s VP Mamdouh Inspects Projects in New Mansoura & New Damietta

Abdul Muttalib Mamdouh, Vice President of the New Urban Communities Authority (NUCA), has inspected the ongoing projects in the new cities of Damietta and Mansoura, accompanied by Kamal Bhagat, assistant Vice President of the authority, authority officials, and Mohamed Ragab, head of the New Damietta City Development Authority, Invest-Gate reports.

South Sinai Sees Major Uplift to Feature EGP 1.7 bn New Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has unveiled that the Central Agency for Reconstruction has carried out 40 different service and development projects in South Sinai, at a cost of almost EGP 1.7 bn.

Egypt’s Long-Term External Debt Records Increasing

Egypt’s long-term external debt increased in 2019 to USD 90.6 bn- up from the USD 80.6 bn recorded in 2018 - with USD90.3 bn of this debt acquired by the public sector, according to the World Bank’s international dept statistics report 2021, Ahram Online reports.

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