News / Government

WB Approves USD 200 mn Loan for Egypt’s SMEs

The World Bank (WB) has approved a USD 2 mn agreement with Egypt to finance small- and medium-sized enterprises (SMEs) and to create more job opportunities, especially for youth and women.

About 4,500 Factories Under Construction in Alexandria, Red Sea: Official

Egypt's Cabinet Spokesman Nader Saad said 13 industrial complexes, with approximately 4,500 factories in Alexandria and the Red Sea Governorates.

WB Group Extends Egypt Country Partnership Framework Till 2021

The World Bank (WB) Group announced on April 30 a two-year extension to its 2015-2019 Country Partnership Framework (CPF) with Egypt, ending in 2021, aiming to maintain the momentum on the government’s reform efforts, which are supported under the strategy

New Sohag Sees 3,744 Social Housing Units Completed

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 3,744 social housing units, within 156 buildings, are completed in New Sohag.

Net Foreign Reserves Hit USD 44.218 bn by End-April: CBE

The Central Bank of Egypt (CBE) announced on May 5 that the country’s net foreign reserves surged to USD 44.218 bn at end-April, compared to USD 44.030 bn in the prior-year period.

Egypt Inks USD 3 bn Loan Deal with Chinese Bank for NAC Business Zone

Egypt signed on April 28 a USD 3 bn loan with the Industrial and Commercial Bank of China (ICBC) to finance the designing and establishment of the Central Business District (CBD) in the New Administrative Capital (NAC), east Cairo.

NUCA Allocates 113 Plots in 24 New Cities in 2018

The New Urban Communities Authority (NUCA) has allocated 113 plots, with a total area of 2,530 acres, in 24 new cities during 2018, in a bid to meet the country's investment demands and accelerate the development of new cities

Sheikh Zayed’s JANNA Project to Offer 4,920 Units: Minister

Assem El Gazzar, minister of housing, utilities, and urban communities, has revealed that JANNA luxury housing project will boast 4,920 fully-finished residential units in west Cairo's Sheikh Zayed.

New Tiba Sees 6,912 Social Housing Units Completed

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of 6,912 social housing units, situated within 288 buildings, have been completed at New Tiba

Four New Schools Underway at El Shorouk City: Official

Head of El Shorouk City Authority Abdul Raouf El Gheity said the authority is currently building four new schools as part of its keenness to support the development of the city's education system.

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