News / Government

New Investor Service Center Opens in Port Said

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.

Egypt Allots EGP 9.3 bn to Social Housing in FY 2019/20

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.

New Fayoum Sees 1,656 Housing Units Done

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.

New Alamein University Welcomes 1st Students

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.

August Headline Inflation Hits Lowest Since January 2013

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).

Gov’t Presents JV Opportunities in Historic Cairo

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 Ranks No.1 Investment Destination in Africa: RMB

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

Egypt Secures EGP 16 mn Belgian Grant for Baron Palace

Egypt and Belgium signed a Memorandum of Understanding (MoU) to fund Heliopolis’ Baron Empain Palace restoration, with EGP 16 mn, a step coming merely two months ahead of the iconic spot's grand opening.

EU Funds Egypt’s Development at EGP 19.91 bn Annually: Minister

Egypt’s Minister of Trade and Industry Amr Nassar has revealed that the European Union (EU) is funding development projects in Egypt at an annual coast of EUR 1.1 bn (EGP 19.91 bn).

New Akhmim Sees 1,632 Housing Units 70% Finalized

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 1,632 social housing units, within 68 buildings, are 70% completed in New Akhmim, Sohag Governorate, as part of the state's efforts to provide affordable housing to low-income citizens

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