News / Government

Three Consortiums Vie to Develop Dry Port in West Cairo

The Egyptian finance ministry has revealed that three international consortiums are competing to win a contract for the construction of a dry port, west Cairo, with investments expected to exceed USD 100 mn.

Madbouly Visits New Alamein for Latest Updates

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly revealed on February 9 that 15 41-story residential towers are currently under construction in New Alamein's coastal towers area.

Work on NAC Sports City is in Full Swing: Minister

Minister of Youth and Sports Ashraf Sobhy has visited the 93-acre Sports City project at the New Administrative Capital (NAC) to follow up on progress of work at the site.

Egypt’s Foreign Reserves Rise to USD 42.6 bn by January-End: CBE

The Central Bank of Egypt (CBE) announced on February 5 that net foreign reserves rose to USD 42.616 bn by the end of January 2019, compared to USD 38.2 bn in the prior-year period.

Emirates NBD Egypt PMI Falls in January

The Emirates NBD Egypt PMI declined for the fifth month in a row in January 2019 to reach the lowest level since December 2017, yet above the series average.

Communications Ministry to Develop Technological Zone in Maadi

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has issued a decree to authorize the communications ministry to establish a 75-acre technological area in Maadi, south Cairo, dedicated to activities related to the telecommunications industry.

GCC Countries Exert Efforts to Offer Affordable Housing

GCC countries are strengthening their efforts to give more access to affordable housing for low- and middle-income households.

IMF Board Approves USD 2 bn Tranche to Egypt

The International Monetary Fund’s (IMF's) executive board completed on February 2 the fourth review of Egypt’s economic reform program, allowing the country to draw about USD 2 bn worth of loan, bringing the country's total disbursements to USD 10 bn.

Madbouly Reviews Latest Updates on New Cities

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly held a meeting with officials from the New Urban Communities Authority (NUCA) and the housing ministry’s leaders to follow up on the progress of projects in New Mansoura, New Aswan, and Nasser City - west Assiut.

Finance Ministry Signs 8 Contracts for 24 Language Schools

The Ministry of Finance has announced the signing of contracts with eight Egyptian and Arab investment companies for the establishment of 24 language schools in seven governorates.

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