The Central Bank of Egypt (CBE) made the second consecutive cut to key rates by 1% (100 bps), driven by the declining inflation rates, which hit a six-year low in August, alongside the falling unemployment and soaring economic growth.
The New Urban Communities Authority (NUCA) will start issuing the terms and conditions booklets for 46 semi-finished villas in Marina Alamein, North Coast, starting September 29.
Rashid City's El Kassara, one of Beheira's unsafe slums, is having five buildings, comprising 117 housing and nine commercial units, 95% completed, with investments worth EGP 25 mn
Prime Minister Mostafa Madbouly opened on September 19 the Investor Service Center (ISC) in Port Said, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.
The government allocated a total of EGP 9.3 bn for the social housing program in FY 2019/20, complementing its plan to ensure decent lives for all citizens through building integrated urban communities.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 1,656 social housing units have been completed in New Fayoum, with 50 apartments already delivered to the beneficiaries.
The 2019/20 academic year has officially begun at the Arab Academy for Science Technology and Maritime Transport (AASTMT) in New Alamein, welcoming the first intake of dental and pharmaceutical students.
Egypt’s annual headline inflation rate fell to a six-and-a-half-year low in August, registering 7.5% from 8.7% in July, opening the way for further rate cuts by the Central Bank of Egypt (CBE).
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has presented to a group of investors the various joint venture opportunities in Historic Cairo, namely projects being developed by the housing and antiquities ministries.
Egypt has topped the list of most attractive African countries to invest in for the third consecutive year, based on South Africa’s Rand Merchant Bank’s 2020 investment report, due to be published next January
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