News / Government

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

WHO: Egypt Conducts Solid Work to Control COVID-19

The World Health Organization (WHO) stated "Egypt has a good opportunity to limit the spread of the coronavirus (COVID-19) with the efforts of both government and society as well"

Federation of Egyptian Chambers of Commerce Welcomes Curfew Against Corona

Chairman of the Federation of Egyptian Chambers of Commerce (FEDCOC) Ibrahim Al-Arabi revealed “In conjunction with the curfew, the chambers began to take new precautionary steps,” according to Ahram Online.

Housing Minister Tours New Alamein for Latest Updates

Minister of Housing, Utilities, and Urban Communities Dr. Assem El-Gazzar says beaches are open for everyone at the New Alamein City, Invest-Gate reports.

Breaking News: Egypt Imposes Nationwide Curfew as of March 25

Egypt imposes nationwide COVID-19 Curfew as of Thursday March 25,2020 to Counter the Pandemic Outbreak

Egypt’s Social Housing Program Gets USD 500 mn from WB

The World Bank (WB) has announced the extension of additional financing of USD 500 mn to support Egypt's social housing program.

Housing Minister at New Alamein City for Extended Tour

Minister of Housing, Utilities, and Urban Communities arrives at New Alamein City for an extended tour accompanied by ministry heads and the New Urban Communities Authority, Invest-Gate reports.

El Saeed Signals EGP 30 bn Stimulus Plan

Planning and Economic Development Minister Hala El Saeed revealed the government is preparing a new stimulus package that will be similar to the EGP 30 bn approved during the 2008/2009 financial crisis

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