News / Government

Moody’s Keeps Egypt’s Credit Rating At B2

The credit profile of Egypt rating at B2 is supported by A3 economic strength according to Moody’s report, as reported by Ahram Online.

Reservation for 1,359 Units in JANNA Across 6 New Cities Opens

Reservation for 1,359 housing units in JANNA project across six new cities (6th of October, Sheikh Zayed, New Cairo, New Mansoura, New Damietta, Al-Shorouk) is now open.

250k New Social Housing Units To Be Built

Minister of Housing, Utilities and Urban Communities Assem El Gazzar discusses the implementation of 250,000 new social housing units across different governorates and new cities, Invest-Gate reports.

Housing Minister Follows up on Mountain View’s Projects

Minister of Housing, Utilities and Urban Communities Assem El Gazzar met with officials from Mountain View Real Estate and Urban Development Company, to follow-up on the precautionary measures the company took to protect workers on work sites from the coronavirus (COVID-19), Invest-Gate reports.

Ahl Misr Walkway Phase I to be Completed By End-June

The New Urban Communities Authority’s (NUCA) Assistant Vice Head Gamal Talaat declared that the first phase of Ahl Misr Walkway is to be finalized by the end of June 2020, with a total length of 2 Km, Invest-Gate reports.

Online Reservation of Rehab Extension Units Starts: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar stated that electronic reservation of 238 housing units has begun at the ninth phase of Rehab extension project in New Cairo

New Damietta Receives Requests for Building Permits Via Email

Head of the New Damietta Development Authority Mohamed Ragab announced the start of receiving requests from citizens and engineering offices to obtain building permits via email

One Coastal Tower Almost Completed in New Alamein: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced that works on 15 42-story coastal towers in New Alamein are in full swing, where one tower has seen finalized

Dubai Sees 10,243 Property Transactions in Q1

Dubai registered a total of 10,243 real estate transactions in the first quarter of 2020

Finance Minister Announces New Exemption for Exporters

Egypt’s Minister of Finance and Coordinator of the Cabinet’s Economic Cluster Mohamed Moeit announced that export enterprises will be exempted from introducing the fiscal position certificate required for disbursing arrears, Ahram Online reports.

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