News / Egypt

El Gazzar Mourns Loss of Military Production Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar mourned the loss of Minister of Military Production Mohamed Al-Assar, who passed away on July 6 after an illustrious military career.

TMG Holding’s Managing Director, Executive VP Resigns After 5M in Role

Amr El Kady has stepped down as managing director and executive vice president of Talaat Moustafa Group (TMG) Holding, after less than five months in the position.

Minka to Launch its Largest Project in East Cairo in 2M

CEO of Minka Development Abdullah Salam said the company is on the verge to finalize its "latest and largest project" in east Cairo, attempting for launching within the next couple of months.

ACUD Agrees to Develop Foreign-Funded Project in NAC

Egypt's Administrative Capital for Urban Development (ACUD) and Alliance World Wide Consortium (AWWC) have inked a Memorandum of Understanding (MoU) to develop a fully foreign-funded investment project in the New Administrative Capital (NAC).

Baron Palace Reopens to Public After 2-Yr Restoration

After more than two years of restoration, Egypt's long-dormant Baron Palace in Heliopolis has regained its glory and reopened to the public, in celebration of its official inauguration by President Abdel-Fattah El-Sisi.

Egypt Kicks Off FY 2020/21 with Largest-Ever State Budget

Egypt's Ministry of Finance kicked off the FY 2020/21 state budget on July 1, estimated at EGP 2.2 trn, marking the largest in the country's history.

Work in Full Swing at New Mansoura’s JANNA, Sakan Misr

New Mansoura sees about 11,232 residential units (468 buildings) in the JANNA luxury housing project 75% completed, while 4,704 apartments (196 buildings) are 90% finished in the city’s Sakan Misr medium-income project.

Sales of Hometown’s LaFayette Mall to Begin on July 2

Egypt-based Hometown Developments said it will begin contract sales of its newest commercial development in the New Administrative Capital (NAC), named “LaFayette Mall," on July 2.

Gov’t Delivers Almost 800 Social Housing Units in New October

West Cairo's New October City is witnessing the gradual handover of 792 social housing units in the 800-acre neighborhood.

Mountain View Releases Crete Islands at Ras El Hikma Project

Mountain View (MV) has released the latest phase of its flagship project on the North Coast, dubbed "Crete Islands," after the success of Mykonos, Santorini, Samos, and other Greek-inspired communities within Mountain View Ras El Hikma.

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