News / Government

Egypt Gov’t Reveals New Updates on El Salam City Projects

The Egyptian government reveals updates on two residential projects that are being constructed in Cairo’s El Salam City

Egypt Budget Deficit at 9.5% in Q4 FY 2016/17: President

President Abdel-Fattah El-Sisi announced on Thursday that Egypt’s budget deficit stood at 9.5% during the fourth quarter of the 2016/17 fiscal year, which ended in June, compared to 11.5% during the same quarter last year

Arab Contractors: Construction Work on Parliament Building is Ongoing

Egyptian construction firm, Arab Contractors, unveils that construction work of new building of the Egyptian Parliament in the New Administrative Capital is on the pipeline

Egypt FDI Rises By 27.5% in FY2016-17

Egypt saw a significant rise in its foreign direct investment (FDI) during FY2016-17

Saudi Prince Eyes Investments in Egypt

Egyptian Minister of Investment and International Cooperation Sahar Nasr meets Saudi Arabia’s Prince Khaled bin Talal bin Abdulaziz Al Saud to discuss investment opportunities

Two Saudi Investors Mull USD 2.15 bn Investments in Egypt

Egypt is discussing with two leading Saudi firms possible business opportunities

Egypt To Lower Customs Exchange Rate To EGP 16 For September

Egypt will lower its customs exchange rate to EGP16 per USD from 16.25, effective September 1, Finance Minister Amr El-Garhy told Reuters

Egypt’s Housing and Development Bank Q2 Consol Profit Rises

Cairo-based Housing and Development Bank announces a rise in its consol net profit at EGP 259.1 mn during the second quarter of 2017, compared to EGP 222.7 mn at the same time last year

Singapore Cooperates With Egyptian Gov’t to Develop SCZone

Egypt and Singapore agree on a mutual co-operation in upgrading ports, shipbuilding and growing investment in the SCzone

New Administrative Capital’s Units launched This September

The government is to launch the sale of villas and apartments at the New Administrative Capital beginning of September and right after the Adha Feast holiday

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