News / Government

Charlie Munger: “U.S. commercial property market is in trouble.”

Charlie Munger believes there is trouble ahead for the U.S. commercial property market, Invest-Gate reports.

3 Months Remains Until End of Real Estate Brokerage System Corrective Period

The Saudi Real Estate General Authority (REGA) gives brokerage practitioners and real estate service providers a grace period for brokerage practitioners and real estate service providers until 18 July to pass its qualifying program, Invest-Gate reports.

Minister of Housing Implements 210 Sanitation and Drinking Water Projects in Assiut

The Minister of Housing Assem El-Gazzar announces the implementation of 210 projects for drinking water and sanitation in rural areas of Assiut Governorate, Invest-Gate reports.

Egypt Signs $734 Mn Transport Agreement with Japan

Egypt signs a 100-billion-yen ($734 million) investment package with Japan on Sunday to support Cairo's transport development plan, marking the country's largest-ever investment package with Japan, Invest-Gate reports.

Minister of Housing Monitors Progress of Housing Project in 10th of Ramadan

The Minister of Housing, Assem El-Gazzar, oversees the construction of 276 buildings in the 10th of Ramadan, as part of the "Housing for All Egyptians" presidential initiative, Invest-Gate reports.

Madbouly Inspects Housing Projects in New Obour

Prime Minister Mostafa Madbouly visits the New Obour City to inspect various housing and service projects in the city, Invest-Gate reports.

El-Gazzar Nods to One-Month Extension to Reservation Payment for Land

Minister of Housing Assem El-Gazzar approves a one-month extension to the reservation payments for small residential plots of land in new cities, Invest-Gate reports.

NUCA Offers New JANNA Units in Sheikh Zayed, 6th of October

Assem El Gazzar, the Minister of Housing, announces that the New Urban Communities Authority (NUCA) is preparing to launch a number of housing units within the JANNA housing project in Sheikh Zayed and 6th of October cities, Invest-Gate reports.

US Commercial Real Estate Debt Hits $1.5 tn

The investment bank estimates that valuations of retail and office properties could drop 40% from peak to trough, increasing the risk of default.

El-Gazzar Directs for Fast Implementation of NAC’s Employee Residential Units

Assem El-Gazzar, Minister of Housing, directs for a fast-paced execution of units in the second phase of New Administrative Capital employee residences in Badr City, Invest-Gate reports.

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