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
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
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.
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.
Egypt's new sovereign wealth fund, Tharaa, has signed two separate cooperation agreements with the Ministry of Public Enterprise Sector and National Investment Bank (NIB) to maximize the utilization of the state's assets and lure private investments.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that the initial designs for Swiss-based University of Lausanne (UNIL) have been implemented by one of the global consultancy offices to be executed in New Alamein.
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
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