News / Government

New Fayoum City Health Unit Inspected Prior to Official Launch

Head of New Fayoum City Abdel Wahab Semeda inspects the newly established health unit at New Fayyoum's third district in preparation for its official inauguration

Egypt Issues New Incentives In Time Of COVID-19

Amid COVID-19 development in the country, Egypt has issued new incentives to boost economy, including property tax, stock exchange, stock transactions, export subsidy of EGP 1bn and power prices.

Egypt Allocates EGP 100 bn to Combat COVID-19

President Abdel-Fattah El-Sisi instructed the government on March 14 to allocate EGP 100 bn (USD 6.4 bn) to support all the precautionary measures to be taken to combat the coronavirus disease (COVID-19)

NAC’s First Skyscraper Skeleton Construction Finished

Construction skeleton of the 'CO3' skyscraper, the first skyscraper at the Central Business District at the New Administrative Capital, is finished

CBE Cuts Interest Rates by 3%

The Central Bank of Egypt (CBE) said its Monetary Policy Committee (MPC) decided in an unscheduled meeting on March 16 to cut interest rates by 300 basis points.

Minya Water Utility Company Expands Water & Sewage Connections Across Several Areas

Minister of Housing, Utilities and Urban Communities Assem El Gazzar declares over a- EGP 7 mn- expnansion plan for water and sewage pipe connections across several districts in the governorate of Minya within the framework of the 'Haya Kareema' (Decent Life) Initiative launched by President Abdel Fattah El-Sisi to support families most in need, Invest-Gate reports.

Sadat City, New Damietta City Authorities Raise COVID-19 Awareness Campaign

New Damietta City Authority along with Sadat City Authority are to hold a number of workshops for employees about precautionary measures to combat COVID-19 as part of its just-launched COVID-19 Awareness Campaign, Invest-Gate reports.

Gov’t to Deliver Land Plots in New Obour City Mid-March

The New Obour City Development Authority will start on March 15 the delivery of land plots in the most distinguished, social housing, and Beit Al Watan projects

Kuwait Reports USD 12 bn Real Estate Deals in 2019

Kuwait's real estate sector witnessed solid growth in 2019, with the value of the transactions recording KWD 3.7 bn (USD 12.04 bn), the second-highest in the last four years, based on a report by Kuwait Finance House (KFH)

Cabinet Building Nears Completion in NAC: Official

Randa El Menshawy, the first assistant to the Prime Minister for follow-up affairs, said that the cabinet's building is completed by 92% in the New Administrative Capital (NAC), with its exterior and interior finishes underway

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