News / Government

Egypt Draws Final USD 2 bn Tranche of IMF Loan

Egypt has received USD 2 bn from the International Monetary Fund (IMF), drawing the sixth and final tranche of the USD 12 bn, three-year loan program that kicked off back in November 2016

Egypt Invests EGP 1.3 bn in Neediest Villages in FY 2018/19

Deputy Minister of Planning and Administrative Reform Ahmed Kamaly said Egypt has carried out investments worth EGP 1.3 bn in 158 most needy villages during FY 2018/19, benefitting merely 2.5 mn citizens residing in five governorates

Cairo University New Branch to Open in 2020

The new international branch of Cairo University in 6th of October City, west Cairo, is slated for inauguration in the academic year 2020/21

New Mansoura’s JANNA, Sakan Misr See 15,936 Units Underway

New Mansoura sees about 11,232 residential units, within 468 buildings, 50% completed in JANNA luxury housing project, while 4,704 apartments are 80% finished in the city's Sakan Misr medium-income project

El Gazzar Says 24,130 Units Underway in NAC’s R3 District

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that around 24,130 units are under construction in the New Administrative Capital's (NAC) R3 residential district, marking a completion rate of 75%.

Gov’t Finalizes 1,080 Distinguished Units in New Alamein

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that 1,080 distinguished housing units, spreading out over 80 buildings, have been finalized in New Alamein, out of the total 1,920 apartments underway.

Egypt Free Zones See EGP 3 bn Investments

The Egyptian housing ministry revealed that there are currently nine free investment zones, with investments totaled at EGP 3 bn, located in various areas across the country.

Finance Ministry Denies Amendments to VAT, Income Tax Laws

Egypt's Ministry of Finance denied news circulated on any fundamental amendments made to the income tax and value-added tax (VAT) laws.

DLD Launches Mollak for Real Estate Governance

Dubai Land Department (DLD), through its regulatory unit Real Estate Regulatory Authority (RERA), has launched an electronic system, or "Mollak," which incorporates innovations to maintain justice and transparency.

Gov’t Uncovers New Facilitation for Real Estate Taxpayers

Egypt's Ministry of Finance, in cooperation with the Arab Organization for Industrialization, will begin to provide new outlets, or "Caravans," through which taxpayers residing in seasonal areas will be able to pay their real estate taxes.

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