News / Government

Egypt Composes ‘Stay Safe’ Guidelines for Reopening Hotels

As Egypt seeks relief for the tourism sector, a range of health and safety requirements has been released by the government to be embraced by hoteliers to safely welcome back guests and employees, while also guarding against Coronavirus spread.

CBE Maintains Current Interest Rates

The Central Bank of Egypt (CBE) has decided to keep overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 9.25%, 10.25%, and 9.75%, respectively.

Egypt Receives USD 2.8 bn IMF Loan

Egypt received USD 2.8 bn from the International Monetary Fund’s (IMF) Rapid Financing Instrument on May 12, the Middle East News Agency (MENA) reports.

Gov’t Preps for Phase II of Maspero Triangle Project

Phase II of Maspero Triangle Development Project is on the verge to commence, proceeding in line with the planned intensive implementation timelines

Egypt’s Social Housing Program Costs EGP 243 bn: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of EGP 243 bn is required to implement Egypt's Social Housing Program, which involves the establishment of 1 mn units.

Egypt Halts Building Permits in 4 Governorates

Egypt has signed off on suspending the issuance of building permits for new housing units in Cairo, Giza, Qalyubia, and Alexandria for six months.

Egypt Rolls Out EGP 3 bn Initiative to Support Tourism: Minister

Egypt's Ministry of Finance has agreed to present EGP 3 bn in funding provided by the Central Bank of Egypt (CBE) to state banks for soft loans to tourist and hotel establishments at 5% annual interest, in a bid to contain the COVID-19 fallout.

IMF Approves USD 2.8 bn in Pandemic Aid to Egypt

The International Monetary Fund (IMF) has approved Egypt’s request for USD 2.772 bn in financial aid to address the urgent balance of payment needs stemming from the COVID-19 outbreak.

Egypt Raises Investment Budget to EGP 230 bn for FY 2020/21: PM

Egypt’s Prime Minister Mostafa Madbouly announced the proposed investment budget for FY 2020/2021 from EGP 150 to 230 bn, Invest-Gate reports.

El Gazzar: EGP 100 bn Projects Obtain Approvals in Q1

Assem Al-Jazzar, Minister of Housing, Utilities, and New Urban Communities, affirmed that there are several achievements made by the Planning and Projects Sector in the New Urban Communities Authority (NUCA) in the first quarter of 2020, Invest-Gate reports.

Page 131 of 256

Popular Tags

Login

Welcome! Login in to your account

Remember meLost your password?

Don't have account. Register

Lost Password

Register