News / Government

EgyptAir to Operate Flights Between Sharm El Sheikh, Luxor

EgyptAir will kick off weekly domestic direct flights on February 20 between South Sinai’s Sharm El-Sheikh and Upper Egypt's Luxor

Egypt in Talks for New IMF Deal

Egypt is holding talks with the International Monetary Fund (IMF) over a non-financial structural reform program, which will be focusing on abolishing bureaucracy to lure more private investments

Fully Finished Units Only Eligible for Mortgage Finance: CBE

Vice Governor of the Central Bank of Egypt (CBE), Gamal Negm, said that units must be fully finished for them to become eligible to enjoy the mortgage finance government initiative, Invest-Gate reports.

Cabinet Approves Real Estate Registry Act

The Egyptian cabinet has finally approved the long-awaited amendments to the Real Estate Registry Act that would facilitate procedures for registration of property units

Gov’t Delivers New Units in Dar Misr Phase I

The New Cairo City Authority handed over on February 10 a new batch of residential units at the first phase of the Dar Misr middle-income housing project

Obour City Sees 816 JANNA Units Completed

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has stated that 816 residential units, or 34 buildings, have been implemented in the JANNA luxury housing project in Obour City

Foreign Reserves Rise to USD 45.457 bn in January: CBE

Egypt’s net foreign reserves hit $45.457 bn at the end of January, from $45.42 bn in December, Invest-Gate reports.

Egypt’s Annual Headline Inflation Rises to 7.2%

Egypt's annual headline inflation rate recorded 7.2% in January 2020, compared to 7.1% in December 2019

ACUD Invests EGP 300 bn in NAC Phase I: Official

Ahmed Zaki Abdeen, chairman of the New Administrative Capital for Urban Development (ACUD), said that the 40,0000-acre first phase of the New Administrative Capital (NAC) has seen investments worth EGP 300 bn, all of which is self-financed

Works Underway on 613 Buildings in New Mansoura

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced that 468 buildings, with 11,232 residential units, are underway at the JANNA luxury housing project in New Mansoura

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