News / Government

New Aswan Sees EGP 1.2 bn Investments Since 2014

Egypt has pumped investments worth EGP 1.2 bn in New Aswan since 2014 up to date, compared to a total of EGP 750 mn beforetime

Egypt to Launch Online Industrial Investment Map in September

President Abdel-Fattah El-Sisi mandated on August 15 the launching of a government portal for the unified industrial investment map by next month, in line with the state's efforts to promote the Egyptian industrial sector as one of the vital pillars of the national economy.

Egypt’s July Headline Inflation Dips to Four-Year Low

Egypt’s annual headline inflation rate had fallen to a four-year low, dipping to 8.7% in July from 9.4% a month earlier, despite the fresh round of subsidy cuts that pushed domestic fuel prices up by 16-30%.

Egypt Blooming to be Breakout Nation: Morgan Stanley

American investment bank Morgan Stanley indicates that Egypt’s reform program, including EGP flotation and successive rounds of subsidy cuts, alongside public investment in infrastructure, energy, and various megaprojects, have put it "on track to become a breakout nation."

Gov’t Completes 236 Social Housing Buildings in New Aswan

New Aswan has witnessed the finalization of 236 social housing buildings, while 100 others are still underway.

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%.

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