News / Government

JANNA Housing Project Located in 6 New Cities: Official

JANNA luxury housing project, launched by the Housing Ministry, will offer units in the best locations in Sheikh Zayed, 6th of October City, Obour City, El Shorouk City, New Damietta, and New Minya

Egypt, IFC Discuss Collaboration to Support Private Sector

Minister of Trade and Industry Amr Nassar has met a delegation from International Finance Corporation (IFC), a member of the World Bank Group, to discuss means of collaboration to support the country's private sector, particularly in the industrial field, through varying development programs

Egypt Receives Final USD 500 mn Tranche of AFDB Loan   

The African Development Bank (ADB) has handed Egypt the third and final USD 500 million tranche of a USD 1.5 billion loan aimed at funding the government's economic and social programs

HDB to Establish 294 Housing Units in Port Said’s Jawhara Project

Housing and Development Bank (HDB) has signed an agreement with Port Said Governorate to establish 294 new social housing units in Jawhara project

AMF Expects Egypt’s Economy to Grow in 2018, 2019

The Arab Monetary Fund (AMF) expected the Egyptian economy to grow by 5% and 5.5% in 2018 and 2019 respectively, on the back of the country's ongoing economic reform program

UAE Offers Five-Year Renewable Residency for Retired Expats

The UAE cabinet has passed a law that will allow expatriates to have long-term residency visa after retirement, aiming to help prop up the country's economy and real estate market

Egypt’s Economy is Showing Strong Signs of Recovery: IMF

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), revealed that Egypt's economy is witnessing strong signs of recovery

Housing Ministry to Offer 500 Distinguished Units in New Alamein

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly said a total of 500 distinguished housing units will be offered in New Alamein

Madbouly Says Developing Maspero Triangle on Priority Agenda

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has urged to start the implementation of the development plan for Maspero Triangle area

Seven Innovation Hubs to be Established at Universities: Minister

Egypt's Ministry of Communications and Information Technology (MCIT) announced the establishment of seven technology innovation hubs at universities, in cooperation with the Ministry of Higher Education and Scientific Research (MHESR)

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