News / Government

Headline Inflation Falls in September to Ease More Interest Cuts

Egypt’s annual headline inflation rate plummeted to 4.8% in September, compared to 7.5% a month ago, and remained almost stationary on a month-on-month basis, easing to its lowest hit since November 2012 and charting the path for additional key rate cuts.

West Qena to See 1,680 Housing Units Done by July 2020

West Qena is awaiting the finalization of 1,680 residential units, within 70 buildings, as part of Sakan Misr medium-income project by late June 2020, in the course of providing affordable housing to low-income citizens

New Capital’s Value Reaches EGP 1 trn: PM

Prime Minister Mostafa Madbouly has revealed that Egypt’s New Administrative Capital (NAC) worth has so far reached EGP 1 trn.

El Gazzar Brings Investment Opportunities to Egypt

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with UAE's Minister of Infrastructure Development and Businessman Khalaf Al Habtoor to review investment opportunities in Egypt.

Gov’t Inspects Latest Progress at NAC Projects

Deputy Minister of Housing for National Projects Khaled Abbas and Assistant Vice Chairman of the New Urban Communities Authority Gamal Talaat have inspected a number of projects in the most sought-after New Administrative Capital (NAC), in the presence of the capital's Chairman Mohamed Abdel Maqsoud.

Tourism Revenues Hit All-Time High

Egypt's tourism revenues leaped by EGP 2.7 bn to reach EGP 12.570 bn in FY 2018/19, marking the highest historical record

Gov’t Launches Website to Monitor Foreign Investments

Ministry of Investment and Intenational Cooparation has announced the launch of a new website to establish an integrative database for direct and indirect foreign investments, Invest-Gate reports.

Upper Egypt Sees 9 New Cities Underway

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said works on nine new cities in upper Egypt are currently underway, with total investments valued at EGP 11 bn

Six Faculties Now Operational in New Aswan

The Ministry of Housing, Utlities, and Urban Communities revealed that six faculties are now fully operational in the 98-acre Aswan University in New Aswan

Gov’t Issues Booklet on Reconciliation in Building Violations Law

Egypt’s housing ministry has issued a frequently asked questions (FAQs) booklet for queries on “reconciliation in building violations” law, which aims to legalize the status of violators’ properties.

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