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Gov’t Grants 3M Extension for Payment of Real Estate Arrears

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has approved the extension of full payment of residential and non-residential arrears to March 15, with fines exemption.

CNN Names Egypt Among Top 21 Go-To Places in 2021

CNN Travel has featured Egypt among its newest list of top "21 Places to Go in 2021," indicating that the Grand Egyptian Museum (GEM) will turn heads upon inauguration this year due to its proximity to Giza Pyramids.

Talaat Moustafa to Provide 2 mn Egyptians with COVID-19 Vaccine

Talaat Moustafa Group (TMG) Holding CEO Hisham Talaat Moustafa has inked a cooperation protocol with the Egyptian health ministry to cover the costs of COVID-19 vaccines for about 2 mn unprivileged citizens, as part of the company's corporate social responsibility (CSR) initiatives.

El Mostakbal Donates EGP 7 mn to Tahya Misr

El Mostakbal for Urban Development has donated EGP 7 mn to Tahya Misr Fund to facilitate the provision of the newly-introduced Coronavirus vaccine to eligible groups.

Major Infrastructure Updates in New Cairo

Head of New Cairo Development Authority Amin Ghoneim announces the implementation of the main transformer station has been completed in the Industrial Zone of the Third Settlement in New Cairo with a capacity of (120 M VA)

Fitch Solutions Downgrades Projections for Egypt’s GDP growth

Fitch Solutions has downgraded its projections for Egypt’s real GDP growth for the second time in two months to reach 3% in 2021, down from the 3.2 % that in December 2020

Egypt’s Annual Inflation Headline Declines : Statement

Egypt’s annual inflation headline declines to its lowest since October reaching 5.4 % in December, down from 5.7% in November, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on January 10

Major Gov’ Projects at New Mansoura City Nearly Finished

Mohamed Ragab, head of the New Damietta Development Authority and the supervisor of the New Mansoura, has inspected the New Mansoura City, accompanied by Yasser Kahla, Deputy Head of the Agency, among other officials as part of the daily periodic follow-up of the projects at new cities, Invest-Gate reports. 

Cairo Eye to Open in 2022

Hawai Tourism and Investment Company, one of the leading companies in the field of real estate and tourism development, has announced the launch of the Cairo Eye project, Invest-Gate reports.

Omar Effendi Partners With Majid Al Futtaim

Omar Effendi subsidiary of the Holding Company for Construction and Development of the Ministry of Public Business Sector (HCCD) has partnered with UAE-based retail conglomerate Majid Al Futtaim to open its franchise “Carrefour” at its premises through successful negotiations led by Real Mark

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