News / Government

Net FDIs in Real Estate Reach USD 237.4 mn: CBE

Investments in the oil and real estate sectors accounted for the lion’s share of net foreign direct investments (FDIs) in Egypt during the first quarter of FY 2017/18.

Annual Headline Inflation Drops to 12% in December: CBE

The Central Bank of Egypt (CBE) has announced that Egypt's annual headline inflation rate fell to 12% in December 2018, down from 15.7% in November of the same year, following a decrease in fruits and vegetable prices

Egypt Among World’s Top 10 Economies by 2030: Standard Chartered

UK-based bank Standard Chartered has expected Egypt to rank the 7th among the world's top ten economies by 2030 at a total gross domestic product (GDP) value of USD 8.2 trln.

Egypt’s Foreign Reserves Drop for 1st Time in 2 Years

The Central Bank of Egypt (CBE) has unveiled that the country's foreign currency reserves dropped last December for the first time since the EGP flotation, standing at USD 42.551 bn compared to USD 44.513 bn at the end of November.

Madbouly Follows Up on Development Projects in Saqqara

Prime Minister Mostafa Madbouly has held a meeting to follow up on the latest developments on some projects being implemented for the restoration of ancient Saqqara archaeological area, aiming to provide an array of services to visitors there and contribute to the growth of inbound tourism as a result.

Trade Ministry Activates Council for Real Estate Investment

Minister of Trade and Industry Amr Nassar has decided to activate the Export Council of Real Estate.

Parliament to Issue Real Estate Development Law Within 5 M: Official

Member of Parliament’s Housing Committee Mohamed Abdel Ghany officially told Invest-Gate that Egypt's Real Estate Development Law will be issued within five months.

NIB to Select 9 Firms for 2nd Phase of Egypt’s IPO Program

NIB is set to nominate nine state-owned companies for the second phase of the state privatization program, Egypt's planning ministry has recently announced.

Madbouly Reviews NUCA’s Achievements in 2018

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has reviewed the New Urban Communities Authority's (NUCA's) tangible achievements in 2018.

NUCA Opens First Training Center for Its Employees, Affiliates

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh has announced opening the first training center for NUCA's employees and workers at the authorities of the newly developed cities.

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