News / Investment

Dubai Closes USD 1.8 bn Home Deals in October

October 2020 has emerged as a strong month for Dubai's residential real estate market, with 3,395 home deals (worth USD 1.8 bn) sealed throughout the month, posting a 37.2% and 62.8% jump in the off-plan and secondary segments.

Foreign Reserves Hit USD 39.2 bn by November-End: CBE

The Central Bank of Egypt (CBE) has announced that the country's net international reserves edged up to USD 39.2 bn by the end of November, marking a slight increase of USD 1.8 mn compared with October figures.

Gov’t Mulls New Tourism Project in Sharm El Sheikh’s Ras Jamila

Minister of Civil Aviation Mohamed Manar has met with Minister of Public Enterprise Sector Hisham Tawfik to discuss ways to carry out a hospitality establishment in Sharm El-Sheikh's Ras Jamila area.

Orientals for Industrial Projects to Complete Phase I of OIC in 2021

Egypt's Orientals for Industrial Projects has revealed plans to complete the development of phase I of OIC, the newest integrated industrial city in Ain Sokhna, by April 2021.

Coldwell Banker Egypt, Sakneen Announce Integrated Technology Solutions

Coldwell Banker Egypt and Sakneen announce a new Strategic Partnership to provide Integrated Technology Solutions to the Real Estate Sector

IVY Schools Attempt to Accelerate Egypt’s Digital Transformation

With the Coronavirus hit reflecting deeply on Egypt's education system, IVY International Schools, in cooperation with US-based Harmony Schools, will integrate STEM-focused teaching and learning approaches to its curriculum, in response to the upward trend in homeschooling.

GAFI Ratifies USD 1.1 bn New Projects in 9M

The General Authority for Investment and Free Zones (GAFI) signed off on the execution of 31 new investment projects across Egypt during the first nine months of 2020, at a total cost of USD 1.1 bn (EGP 17.2 bn).

Emaar Misr Gets Nod on EGP 40 bn Investment Zone

The General Authority for Investment and Free Zones (GAFI) has ratified the establishment of a new investment zone for Emaar Misr for Development, with EGP 40 bn worth of investments.

Egypt’s Remco Aims to Secure EGP 3.3 bn Co-Financing

EGX-listed Remco for Tourism Villages Construction has joined forces with its subsidiaries and sister companies to secure EGP 3.3 bn worth of long-term co-financing.

Egypt’s Central Bank Cuts Interest Rates by 0.5%

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) has decided on November 15 to cut the overnight deposit rate, overnight lending rate, and the rate of the main operation by 0.5% (50 bps) to reach 8.25%, 9.25%, and 8.75%, respectively Ahram-Online reports.

Page 127 of 180

Popular Tags

Login

Welcome! Login in to your account

Remember meLost your password?

Lost Password