News / Government

Egypt to Spend EGP 5 bn on 13 Industrial Zones

The Egyptian government plans to spend EGP 5 bn on 13 new industrial zones in FY 2020/21, Invest-Gate reports.

Tourism Ministry Launches its 4th Virtual Tour

The Ministry of Tourism and Antiquities is launching on April 6 at 7:00 pm its fourth virtual tour, 'Experience Egypt,' for the distinguished Mosque, Madrassa (school), and Khanqa of Sultan Barquq in Al-Muiz street

WB Provides USD 7.9 mn Emergency Fund to Egypt

The World Bank (WB) will release USD 7.9 mn in emergency funds to Egypt to help it fight the coronavirus (COVID-19) pandemic

Dubai Announces Lockdown for 2 Weeks Amid Coronavirus

Dubai announced a two-week-long lockdown starting on April 3 to contain the spread of the coronavirus

1,296 Units to be Delivered in New Cairo on April 14: El-Gazzar

Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar announced the delivery of 1,296 units of the “Sakan Misr” project, starting from April 14, Invest-Gate reports.

Egypt Sees EGP 100 bn Projects Underway: El-Gazzar

The New Urban Communities Authority (NUCA) is currently investing EGP 55 bn in a number of under-construction national projects including new cities

Egypt Achieves USD 12.9 bn Tourism Revenues: CBE

Egypt’s tourism sector generated revenues worth USD 12.9 bn during the period from Q2 of FY 2018/19 till the end of Q1 of FY 2019/20, up from USD 11 bn during the prior-year period

El-Gazzar Reviews Plans of Water, Sewage Sector

Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar held a meeting with officials responsible for the potable water and sewage sector to review its development plan

Egypt Targets Budget Deficit Decline to 6.3%: Minister

The Egyptian Finance Ministry expected budget deficit to shrink to 6.3% of the country's gross domestic product (GDP) in FY 2020/21, compared to the 7.2% target in the current budget

CBE Limits Cash Deposits, Withdrawals

The Central Bank of Egypt (CBE) has announced new limits for daily cash deposits and withdrawals for individuals and enterprises

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