News / Government

Egypt’s Annual Headline Inflation Rises in September

Egypt’s annual urban consumer inflation rose to 15.97% in September from 14.24% in August, yet it dropped by 17% from 32.9% recorded in the same month last year

Bahrain Agrees on USD 10 bn Aid Deal With Gulf Neighbors

Saudi Arabia, Kuwait, and UAE have signed on October 4 a financial support agreement worth USD 10 bn with Bahrain to aid the country's funding requirements as it embarks on a fiscal program aimed at eliminating its budget deficit by 2022

Gov’t Reveals Details on “Oasis” Zone in New Capital

The Egyptian government has recently revealed details on the chosen design for the New Administrative Capital's services area -"Oasis"- which is in the middle of a central park and service area

Net Foreign Reserves Hit USD 44.45 bn by End of September: CBE

Egypt's net foreign reserves continued its upward trend and surged to USD 44.459 bn at the end of September, compared to USD 44.419 bn a month earlier

Egypt Approves USD 1.2 bn Agreement with UNPDF

Egypt's government approved on October 2 an agreement worth USD 1.2 bn with the United Nations Partnership Development Framework (UNPDF), covering the period from 2018 to 2022

World Bank Expects Egypt’s Economy to Grow 5.6% in FY2018/19

The World Bank (WB) expected Egypt’s growth rate to hit 5.6% during FY 2018/19, backed by private consumption, a recovery in the tourism sector, and the operationalization of recently discovered gas fields

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

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