News / Government

Egypt to Build 4 Non-Profit Universities Nationwide

President Abdel-Fattah El-Sisi has issued a presidential decree to implement four new non-profit private universities, in an attempt to better serve different areas and change the scope of higher education in Egypt.

New Alamein Holds 1st Auction for 11 Properties

New Alamein City Authority has held the first auction for 11 mixed-use properties, in a bid to offer the necessary services and facilities to roll out a fully-fledged all-year-round city.

El Gazzar Reviews Plan to Develop Saint Catherine City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has reviewed the proposed development plan for South Sinai's Saint Catherine city, in an attempt to revive the historical site.

El-Sisi Mandates Execution of EGP 30 bn Non-Profit Universities

President Abdel-Fattah El-Sisi has directed the Egyptian government to approve the development of several state-run non-profit universities, at a total cost of EGP 30 bn.

Annual Headline Inflation Down to 4.6% in July: CBE

The Central Bank of Egypt (CBE) has reported a decline in the country's annual headline inflation to 4.6% in July - the lowest since November, compared to 5.6% last June and 7.8% in the same month a year earlier.

Cabinet Ratifies Building Investment Zone in Uptown Cairo

The Egyptian Cabinet has approved Emaar Misr's request to implement a 64-acre investment zone in its flagship project on east Cairo's Mokattam Hills, or "Uptown Cairo."

Cabinet Nods USD 500 mn World Bank Housing Facility Extension

Egypt's Cabinet has ratified a USD 500 mn (EGP 8 bn) extension to a World Bank (WB) facility, as part of a program to improve access to low-income housing and bolster the state’s Social Housing and Mortgage Finance Fund (SHMFF).

Gov’t Agrees to Cede AAST Campus in New Alamein

Egypt's Ministry of Housing has agreed to cede control of the Arab Academy for Science and Technology (AAST) branch in New Alamein, including the land and building components.

Tahya Misr Fund Spends EGP 1 bn on Al Asmarat Project

Egypt’s Tahya Misr Fund has contributed EGP 1 bn to the development of the social housing project on Mokattam Hills, or "Al Asmarat," which comes to provide decent homes for more than 80,000 slum dwellers.

Gov’t Almost Finishes 1,128 Homes at Badr City’s Dar Misr Project

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that 1,128 residential units (47 buildings) within phase II of Badr City's Dar Misr middle-income housing project are 95% complete.

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