The Central Bank of Egypt (CBE) stated on December 26 that the country's current account deficit narrowed to USD 1.382 bn (EGP 22.53 bn) in the first quarter of FY 2019/20 from USD 2.012 bn (EGP 32.79 bn) in the prior-year period.
Egypt's newly-announced and long-awaited cabinet reshuffle brings Sayed Ismail as the new deputy minister of housing for infrastructure affairs
قال الدكتور عاصم الجزار، وزير الإسكان والمرافق والمجتمعات العمرانية، إنه سيتم تسليم 33 مبنى سكني مميز في مدينة العلمين الجديدة ابتداءً من يناير المقبل
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 33 distinguished housing buildings will be delivered in New Alamein starting next January.
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
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.
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
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
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.
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,
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