Egypt’s Government Eyes NIC Capital and Flat 6 Labs To Support Start-Ups

• Tuesday, 18th July 2017
• by Menna A. Farouk

Egypt’s Ministry of Investment and International Cooperation signs an agreement with the Egypt Company for Entrepreneurship and Investment,  NIC Capital, and Flat 6 Labs to invest EGP 10 mn in start-up companies, Invest-Gate reports.

Gov’t Finalizes 13,104 Units in New Borg El Arab

• Sunday, 16th July 2017
• by Menna A. Farouk

The government announces the completion of 13,104 new units in New Borg El Arab city, 48 kilometers south-west of central Alexandria, Invest-Gate reports.

Gov’t to Offer New Social Housing Units for EGP 200,000

• Friday, 14th July 2017
• by Menna A. Farouk

The government plans to launch new units in the near future, Invest-Gate reports.

Gov’t to Offer 17,000 Units in New Administrative Capital Next Month

• Tuesday, 11th July 2017
• by Menna A. Farouk

The government plans to offer 17,000 units in the New Administrative Capital next month, Invest-Gate reports.

Gov’t to Allocate 24,024 Plots in Various Areas

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

The Ministry of Housing is to hold a lottery for a number of land plots, Invest-Gate reports.

‘Sakan Misr’ Housing Units to Be Offered Soon

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

The New Urban Communities Authority (NUCA) announces that conditions for buying residential units in the new housing project ''Sakan Misr" will be released during upcoming days, Invest-Gate reports.

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".