News / Government

Egypt Licenses Single-Shareholder Companies

Egypt’s Minister of Investment and International Cooperation Sahar Nasr has signed on August 15 the regulatory framework for licensing single-shareholder companies, under the framework of amending the economic legislative structure

CBE Keeps Overnight Interest Rates Unchanged

The Central Bank of Egypt (CBE) decided to keep overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 16.75 %, 17.75 %, and 17.25 %, respectively

Gov’t to Deliver Over 500 Units in New Damietta

Prime Minister and Minister of Housing, Utilities, and Urban Development, Mostafa Madbouly, has revealed that New Damietta Development Authority is going to deliver 504 units as part of Dar Misr project in the city starting from Sunday, September 16

NUCA, Al Futtaim Sign Protocol to Establish Commercial Hubs in Egypt

The New Urban Communities Authority (NUCA) and Majid Al Futtaim have signed a protocol of cooperation for the establishment and management of commercial hubs in the new cities of NUCA

Final Stage of Reserving New Capital Units Has Began: Madbouly

Prime Minister Mostafa Madbouly, who is also the Minister of Housing, Utilities, and Urban Development, announced that the final step for the electronic booking of the Capital Residence compound, in the New Administrative Capital, began on Sunday, August 12 and will continue until Saturday, August 18 - or until all units are booked

Cabinet Approves Amendments to Real Estate Tax Law

Egypt's Cabinet, headed by Prime Minister Mostafa Madbouly, has discussed several issues including the implementation of the real estate tax and its valuation

Investment Opportunities in 4 Mega Projects in 10th of Ramadan: PM

Prime Minister Mostafa Madbouly, who is also the Minister of Housing, Utilities, and Urban Development, has announced the availability of promising investment opportunities in four mega projects in the 10th of Ramadan City

Exemptions Booklet Released for Real Estate Taxpayers

The Egyptian Real Estate Tax Authority has published a booklet including the conditions for exempting privately owned houses from real estate taxes

Sisi Opens Sohag National Museum

President Abdel-Fattah El-Sisi inaugurated Sohag National Museum on Sunday, August 12, in the presence of Prime Minister Mostafa Madbouly, Minister of Antiquities Khaled al-Anani, and other senior state officials

Desalination Plant Installed for New Alamein Promenade

Mostafa Madbouly, Prime Minister and Minister of Housing, Utilities, and Urban Development, has revealed that Holding Company for Water and Waste Water in Marsa Matrouh completed the installation of a water desalination plant for New Alamein

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