News / Government

Gov’t Builds 437,000 Housing Units in 2019: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 437,000 housing units have been implemented in 2019, varying between social, middle-income, and luxurious properties.

Works Ongoing on 32,863 Units in 7 Cities: SHMFF CEO

CEO of Social Housing and Mortgage Finance Fund (SHMFF) Mai Abdel Hamid said that a total of 360 units have been finalized, while work is still in progress on 32,863 units in seven governorates cross country

Tharaa Undertakes Old Cairo’s Bab El Azab Renovation Works

Egypt's newly-introduced sovereign wealth fund (aka Tharaa) received on December 18 the Cabinet approval to hold the rights to overhaul the main entrance of Salah El Din Citadel, or "Bab El Azab," under a 49-year contract.

Egypt’s Account Deficit Falls, FDIs Jump in Q1 FY 2019/20

The Central Bank of Egypt (CBE) stated on December 26 that the country's current account deficit narrowed to USD 1.382 bn (EGP 22.53 bn) in the first quarter of FY 2019/20 from USD 2.012 bn (EGP 32.79 bn) in the prior-year period.

Cabinet Reshuffle Introduces New Deputy Minister of Housing

Egypt's newly-announced and long-awaited cabinet reshuffle brings Sayed Ismail as the new deputy minister of housing for infrastructure affairs

الإسكان: تسليم وحدات 33 عمارة بالإسكان المتميز في العلمين الجديدة يناير المقبل

قال الدكتور عاصم الجزار، وزير الإسكان والمرافق والمجتمعات العمرانية، إنه سيتم تسليم 33 مبنى سكني مميز في مدينة العلمين الجديدة ابتداءً من يناير المقبل

Gov’t to Deliver 33 Distinguished Buildings in New Alamein

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 33 distinguished housing buildings will be delivered in New Alamein starting next January.

CBE Raises Tourism Financing Package to EGP 50 bn

The Central Bank of Egypt (CBE) has announced on December 15 an extensive financing plan to boost the tourism sector with EGP 50 bn instead of EGP 5 bn

Egypt Passes New Conditions for Foreign Citizenship

Prime Minister Mostafa Madbouly has signed off on granting the Egyptian citizenship to foreigners who either buy assets or invest at least USD 250,000 (EGP 4.03 mn) in the country.

Egypt’s Annual Urban Inflation Rises to 3.6% in November

The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that Egypt's annual urban consumer price inflation rate increased for the first time in five months to reach 3.6% in November from 3.1% a month earlier

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