News / Government

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)

DLD Inks MoU for Property Promotion in France

Dubai Land Department (DLD) signed a memorandum of understanding (MoU) with the French Reed MIDEM SAS, a France-based provider of international B2B events and exhibitions, to promote DLD's services across various investors

Egypt’s Annual Headline Inflation Rises in August

The Central Bank of Egypt (CBE) has revealed that August’s annual headline inflation increased by 0.7% compared to a month earlier, recording 14.2%

Gov’t to Build 20 4th Generation Cities

The New Urban Communities Authority (NUCA) is currently developing 20 new cities of the fourth generation with a total area of 580,000 acres to accommodate 30 mn citizens

Opening of 1st Mall in Sadat City’s Dar Misr

Al Sadat City witnessed the opening of its first commercial mall in Dar Misr compound

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