News / Government

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

Egypt Lays Cornerstone for Monufia’s 1st Logistic Zone

Minister of Supply and Internal Trade Ali Meselhy has laid the foundation stone for the first logistic zone in Monufia Governorate, dubbed "Delta Landmark," which will be developed with investments worth EGP 2 bn

Hurghada, Cairo Among Most Visited Cities in 2018

London-based Euromonitor International said Egypt made a comeback on account of its tourism reform program, placing Cairo and Hurghada among the world's 100 most visited tourist cities in 2018.

Nasser City Secures EGP 7 bn Investments in 18M: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the volume of investments pumped into west Assiut's Nasser City has reached EGP 7 bn during the last 18 months only,

Some Social Housing Projects Get Facility Management Services

Egypt's Ministry of Housing has partnered with Al-Tameer Maintenance Services for Social Housing Company to take over all the facility management duties of 200,000 social housing units nationwide, particularly in new cities, for consecutive five years.

SHMFF Nods Mechanism to Involve Developers in Social Housing

The Social Housing and Mortgage Finance Fund’s (SHMFF) board approved a set of proposed principles, determinants, and mechanisms related to the involvement of private developers in the establishment of social housing projects in Egypt.

Aswan Wins UNESCO Learning City Award

Aswan has received the UNESCO Learning City Award for being one of the world’s top ten learning cities.

New Alamein Coastal Towers 82% Done: Minister

Egypt's housing ministry has finalized 82% of the 15 coastal towers, or 4,500 residences, being undertaken in New Alamein, finishing 34 out of 41 floors at some of them.

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