News / Government

Madbouly Pays Construction Sites in 6th of October City A Visit

Minister of Housing, Utilities, and Urban Development Mostafa Madbouly visits the ongoing construction sites in 6th of October City near Ebny Beitak project among others

NUCA Reveals Implementation of 35 Projects in Egypt’s New Cities

The New Urban Communities Authority (NUCA) reveals that its planning and projects sector is progressing around 35 construction, service, and investment projects on a total area of 5,700 acres in 12 new cities to lure investments and open up new horizons for new cities’ development.

UAE Announces Foreign Ownership, Visa Reforms to Lure Investors

The UAE cabinet revealed on Sunday, May 20, plans to allow 100% ownership and visa incentives to foreigners by year-end, in a bid to attract investors to boost its slowing national economy

IMF, Egypt Reach Staff-Level Agreement on Next Loan Disbursement

The International Monetary Fund (IMF) staff team and the Egyptian officials have reached a staff-level agreement on the third review of Egypt’s economic reform program

CBE Keeps Interest Rates Unchanged

The Central Bank of Egypt (CBE) decided to keep the overnight deposit interest rates unchanged at 16.75% and to also maintain the overnight lending rate at 17.75% in a meeting on Thursday, May 17

Egypt’s Annual Urban Consumer Price Inflation Falls in April

Egypt’s annual consumer price inflation has decreased in April 2018

Latest Construction Updates in South Sinai Revealed

Minister of Housing, Utilities, and Urban Development Mostafa Madbouly and South Sinai's Governor Khaled Fouda have met to check out the latest updates on construction works taking place in South Sinai

Over 15,000 Apply In Gov’t Land Lottery

Minister of Housing, Utilities, and Urban Development Mostafa Madbouly reveals that almost 16,000 condition booklets were withdrawn, up until May 10, as part of a public lottery to sell 30,145 land plots

High Demand on New Land Booklets: Madbouly

Minister of of Housing, Utilities, and Urban Development Mostafa Madbouly revealed that the demand on new land’s booklets is very high only three days after offering them

Egyptian Officials Present Social Housing Achievements to Saudi Delegation

Egyptian officials hosted a delegation from Saudi Arabia on May 6 to review the latest residential and developmental projects constructed by the Ministry of of Housing, Utilities, and Urban Development

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