News / Government

CBE Sets New Measures for Mortgage Finance Initiative

The Central Bank of Egypt (CBE) has put in place new policies and measures on the bank's mortgage finance initiative and its subsequent amendments, limiting it to financing low-income citizens only.

New Cities’ Authorities Witness Reshuffle

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has issued a ministerial decision for the reshuffle of heads of the new cities' authorities.

El Gazzar Reviews Real Estate Development Bill

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with members of the housing committee as well as real estate developers to discuss the draft law regulating real estate development activity.

Draft Law for Real Estate Development Should be Finalized in 2M: PM

Prime Minister Mostafa Madbouly gave directives to quickly finish the draft law that will regulate the real estate development activity within two months.

CBE Lowers Interest Rates by 1%

The Central Bank of Egypt (CBE) announced that its Monetary Policy Committee (MPC) decided to cut interest rates by 1%

El Sisi Issues Clear Directives to Follow up on Rufiji River: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar confirmed that there are clear directives from President Abdel-Fattah El-Sisi to look into the executive status of Rufiji River project in Tanzania

Housing Minister Reviews Latest Updates at 1st Meeting

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar held his first meeting on February 13 with top leaders of the New Urban Communities Authority (NUCA) to follow up on  the current fiscal year plan, as well as the development progress at the country’s new cities.

Egypt Targets Increasing Urban Areas to 12%: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said that Egypt’s strategic plan targets increasing its urban areas to 12%, adding that the government is planning to develop all cities across the country.

Assem El Gazzar Appointed Housing Minister

Dr. Assem El-Gazzar was sworn in as the Minister of Housing, Utilities, and Urban Development on February 13 to succeed Mostafa Madbouly, the current prime minister.

Arab Contractors Finalizes 90% of NAC’s Parliament Building

Arab Contractors' Chairman Mohsen Salah has revealed that 90% of the concrete works at the New Administrative Capital's (NAC) parliament building, located in the new city's government district, has been completed.

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