News / Government

Cooperative Housing to Represent 30% of Annual Supply: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said the government is working on increasing the volume of cooperative housing to make up 30% of the annual residential supply, as part of an upcoming five-year plan.

Morocco’s Real Estate Market Slows Down in 2019

Morocco's real estate sector, or the second-largest job provider sector in the North African country, is facing a slow down during the current year amid a notable economic downturn.

Emaar Misr, NUCA Partner for 2 Mixed-Use Projects in West Cairo

Emaar Misr for Development and the New Urban Communities Authority (NUCA) inked on November 27 deals to settle disputes between both sides and allocate plots for the establishment of two integrated urban projects in west Cairo's Sheikh Zayed Extension.

CBE Kicks off Initiative for E-Collection of Mortgage Payments

The Central Bank of Egypt (CBE), in collaboration with the Social Housing and Mortgage Finance Fund, has launched an initiative to start the collection of mortgage installments via e-payment methods in partnership with mortgage lending banks

New Mansoura’s Housing Units Near Completion: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that about 11,232 units are 70% completed in JANNA luxury housing project in New Mansoura

Gov’t to Sell 22-25% of Heliopolis Housing Shares in Q1: Minister

Public Enterprise Minister Hesham Tawfik said 22-25% of shares in Heliopolis Company for Housing and Development (HHD) will be offered on the Egyptian Stock Exchange (EGX) in the first quarter of 2020.

Construction of New Suez, West Port to Begin Early 2020: Official

Deputy Minister of Housing for National Projects Khaled Abbas said that construction works in New Suez city and West Port Said to commence early next year, adding to the 27 underway new cities

Implementation of Iconic Tower Metal Structure Started: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has witnessed the beginning of implementing the Iconic Tower’s metal structure in the New Administrative Capital (NAC), east Cairo

CBE Makes 3rd Interest Rate Cut Amid Low Inflation Rates

The Central Bank of Egypt (CBE) has made the third consecutive cut to key rates by 1%, a step coming shortly after the annual headline inflation rate hit its lowest level in 14 years and logged 3.1% in October, compared to 4.8% and 17.7% in September and the year-ago period, respectively.

Egypt, Kuwait Join Forces for Smart City Applications

The Egyptian National Organization for Military Production (NOMP) has inked a memorandum of understanding (MoU) with Kuwait’s MEASC Safe Smart Cities to cooperate in the fields of technology, safety, and security of smart cities.

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