Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said that the Central Bank of Egypt's (CBE) EGP 50 bn mortgage initiative will help finance around 40,000-50,000 units
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced a two-month extension period for applicants who applied for the residential units previously provided in a number of new cities to complete or update the required data
The Central Bank of Egypt (CBE) released a regulation doubling mortgages up to 10% of commercial banks’ lending portfolios, up from the previous 5%, Invest-Gate reports.
Deputy of Minister of Housing, Utilities, and Urban Communities for National projects Khaled Abbas said that a total of 7,056 fully-finished social housing units, out of the planned 8,064, are completed, in New Aswan city, Invest-Gate reports.
President Abdel-Fattah El-Sisi stressed the necessity of coordination between different state apparatuses to reduce public debt and inflation rates, Invest-Gate reports.
Minister of Transport Kamel El Wazir said that Egypt is holding discussions with the African Development Bank (AfDB) for a USD 1.5 bn (EGP 22.5 bn) loan to partially finance the Cairo-Aswan Road
CEO of Informal Settlement Development Fund (ISDF) Khaled Siddik said that the fund presented the government efforts to resolve the issue of slums as a priority agenda item
EgyptAir will kick off weekly domestic direct flights on February 20 between South Sinai’s Sharm El-Sheikh and Upper Egypt's Luxor
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
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.
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