News / Government

Egypt’s Urban Inflation Rises to 14.4% in June

Egypt’s annual urban consumer inflation increased to 14.4% in June after recording 11.4% in May

Housing Ministry Finalizes 97.4% of Al Asmarat 3

Prime Minister Mostafa Madbouly, who is also the Minister of Housing, Utilities, and Urban Development, announced that Al-Asmarat 3 residential project has been completed by 97.4%

Two Protocols Signed to Develop El Mawardy, Maspero Triangle

Prime Minister Mostafa Madbouly, who is also serving as Minister of Housing, Utilities, and Urban Development, has witnessed a protocol signing between Cairo Governorate and New Urban Communities Authority (NUCA) to develop El Mawardy Area in Al Sayeda Zeinab neighborhood

World Bank Praises Egypt’s Economic Program

Prime Minister Mostafa Madbouly has met with Merza Hasan, Executive Director And Dean Of The Board Of Executive Directors, to discuss recent updates on the development programs executed in cooperation between the Egyptian government and the bank

Madbouly Discusses Further Investment Plans With Developers

Prime Minister Mostafa Madbouly, who is also serving as the Minister of Housing, Utilities, and Urban Development has met with a number of Egyptian investors and developers to discuss future plans for promoting Egyptian real estate abroad

Tourist Walkaway Built in Marina El Alamein

Hatem Mohamed Hassan, Head of Tourist Villages Authority, has revealed that a new tourist walkway has been finalized in Marina El Alamein

CBE Keeps Key Interest Rates Unchanged

The Central Bank of Egypt (CBE) decided to fix key interest rates at its Monetary Policy Committee's (MPC) meeting on June 28

Housing Ministry to Offer 120,000 Units for Reservation

Prime Minister Mostafa Madbouly has revealed that the Housing Ministry is planning to offer 120,000 units for reservation as a part of the social housing project

French Investments in Egypt Surpass EUR 4 bn: Nasr

Sahar Nasr, Minister of Investment and International Cooperation, has affirmed that France is one of the largest investors in Egypt as there are more than 160  French companies operating in the country with a total investment of over EUR 4 bn

Grand Egyptian Museum to be Finalized in 2 Weeks: PM

Prime Minister Mostafa Madbouly has announced that the construction works at the Grand Egyptian Museum will be finalized within two weeks

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