NBE Offers EGP 200 mn Funding to Social Housing Project

• Sunday, 28th May 2017
• by Menna A. Farouk

The National Bank of Egypt (NBE) will donate EGP 200 mn to finance the construction of “Ahalina” social housing project, Invest-Gate reports.

Egypt, EU Conclude EUR 1.4 mn Program to Improve Performance of Quality Infrastructure

• Thursday, 25th May 2017
• by Nayrouz Talaat

Egypt and the European Union are concluding a EUR 1.4 mn program aimed at supporting and strengthening the performance of the Egyptian Quality Infrastructure within the national reform priorities so that it is aligned with European and international best practices for building capability, Invest-Gate reports.

CBE Launches Initiative Worth EGP 30 bn to Support Micro Enterprises

• Thursday, 25th May 2017
• by Fatma Khaled

The Central Bank of Egypt (CBE) launches an initiative worth EGP 30 bn to fund micro enterprises, Invest-Gate reports.

Tourist Arrivals Up 51% in Q1

• Wednesday, 24th May 2017
• by Nayrouz Talaat

Tourist arrivals to Egypt rise by 51% in the first quarter of 2017, compared to the same period a year earlier, Invest-Gate reports.

More State Land Plots Retrieved in Giza

• Wednesday, 24th May 2017
• by Fatma Khaled

Approximately 4,925 feddans of land plots were retrieved in Wahat City located 400 kilometers away from Giza, Invest-Gate reports

Egypt Progressing to Retrieve Looted State Lands

• Tuesday, 23rd May 2017
• by Fatma Khaled

The Egyptian government is cooperating with police forces to retrieve looted state land plots in Cairo, Invest-Gate reports.

Egypt’s Budget Deficit Down to 8 % of GDP

• Tuesday, 23rd May 2017
• by Nayrouz Talaat

Egypt's budget deficit for the first nine months of the FY2016-17 ending in June dipped to 8% of GDP from 9.4% during the same period last year, Invest-Gate reports.

Gov’t to Partner with UN-Habitat over Slums Development

• Tuesday, 23rd May 2017
• by Fatma Khaled

The government will partner with the United Nations Human Settlements Program (UN-Habitat) in a plan to upgrade residential units in Egyptian slums, Invest-Gate reports.

Parliament to Discuss Final Law for Compensating Contractors End-May

• Tuesday, 23rd May 2017
• by Menna A. Farouk

The law for compensating contractors is expected to be effective before the end of June, Invest-Gate reports.

NUCA Allocates EGP 500 mn to Develop Shantytowns

• Monday, 22nd May 2017
• by Nayrouz Talaat

The state-run New Urban Communities Authority (NUCA) has directed part of its profit surplus in the past one and a half years to developing shantytowns, Invest-Gate reports.