Finance Ministry: Monthly Inflation Rate to Stabilize in 4 Months

• Monday, 10th July 2017
• by Menna A. Farouk

Egypt expects the monthly inflation rate to stabilize within four months at between 1-1.25%, Minister of Finance Amr El-Garhy says.

Gov’t to Allocate EGP 32.3 bn for Upper Egypt in FY2017-18

• Monday, 10th July 2017
• by Menna A. Farouk

The government plans to pump new investments in Upper Egypt, Invest-Gate reports.

CBE: USD 57 bn Cash Flow into Banks in 8 Months

• Monday, 10th July 2017
• by Menna A. Farouk

Central Bank Governor Tarek Amer announces cash inflows into Egypt's banking system totalled over USD 57 bn since Egypt floated its currency in November, according to Reuters.

Egypt To Offer 24,000 Land Plots For Various Purposes

• Thursday, 6th July 2017
• by Menna A. Farouk

The government is to offer 24,000 land plots for investments and services in new cities next week, Invest-Gate reports. Minister of Housing Mostafa Madbouly described the tender as "the largest land tender ever".  

Gov’t Announces EGP 10 bn Housing Plan for FY2017-18

• Wednesday, 5th July 2017
• by Menna A. Farouk

The government unveils its housing plan for FY2017-18, Invest-Gate reports.

Gov’t to Deliver 6,839 Units by Year-End

• Tuesday, 4th July 2017
• by Menna A. Farouk

The government is to hand over new social housing units in 10 governorates by the end of this year, Invest-Gate reports.

Gov’t to Form Panel to Solve Problems Facing Free Zones

• Tuesday, 4th July 2017
• by Menna A. Farouk

The government is to form a committee to solve problems facing free zones across all governorates, Invest-Gate reports.

Egypt Attracts USD 9.8 bn in Foreign Investment in Debt Instruments in FY2016/17

• Monday, 3rd July 2017
• by Menna A. Farouk

Egypt attracted an almost nine-fold increase in foreign investment in domestic debt instruments in FY2016-17,  Reuters reports.

Gov’t Unveils Designs of New Administrative Capital’s R3 Residential Community

• Sunday, 2nd July 2017
• by Menna A. Farouk

The government unveils the designs of the high-end residential community known as “R3” in the New Administrative Capital, Invest-Gate reports.  

UNDP to Establish New Investment Fund in Egypt

• Thursday, 22nd June 2017
• by Menna A. Farouk

Egypt and the United Nation Development Program (UNDP) sign an agreement to establish a new UNDP investment fund in the country, Invest-Gate reports.