Egypt's finance ministry has kicked off a comprehensive national project for the automation and digitization of tax administration and procedures, coming jointly with IBM, SAP, Ernst & Young (EY), among other local and foreign entities.
The UAE's central bank has confirmed that the country’s real estate sector continues to endure a downward trend in the 2018 prices of residential and commercial properties for four consecutive years, owing to the rising housing supply volume in Dubai and Abu Dhabi "partially in preparation for Expo 2020."
Egypt's cabinet has approved a supplementary fund of USD 500 mn (EGP 8.1 bn) from the World Bank (WB) for funding the country's social housing program, coming under a portfolio worth USD 8 bn (EGP 129.1 bn).
Egypt's social housing program has successfully provided residences for 275,000 families, in collaboration with 29 banks and mortgage companies, at a total financing value of EGP 27 bn and a subsidized cost of EGP 4.3 bn, up to last October
Shorouk City Authority will for the first time entirely finance the implementation of a three-acre commercial center, located northeast Cairo, endeavoring to expand into and specialize in various investment fields
US-based commercial real estate services firm JLL has highlighted that Cairo’s real estate market saw a positive performance across all subsectors, including hotel, residential, retail, and administrative developments, in Q3 2019.
The Social Housing and Mortgage Finance Fund has unveiled the 12th announcement of residential units, offering several ready-for-delivery units worth EGP 197,000 each across Egypt, as part of its Lower Egypt and Canal Zone Development Initiative
Egypt’s gross domestic product (GDP) leaped by 5.6% in Q1 2019, registering the highest rate in 11 years, despite the slowdown in global economic growth, which reached 3.8% last year.
The New Urban Communities Authority (NUCA) Deputy Chairman Abdulmutallab Emara has announced that the government plans to issue a new law for the registration of ready phases of any new project to ease the whole process.
The New Urban Communities Authority (NUCA) is offering 89 properties of different sizes and activities in a public auction sale, notably across Shorouk City, New Minya, Sadat City, New Fayoum, and Obour City
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