News / Egypt

El-Sisi Postpones Inauguration of NAC, GEM Projects to 2021

President Abdel-Fattah El-Sisi has asked the government on April 4 to reschedule the launch of all national megaprojects planned for this year to 2021 due to the COVID-19 (coronavirus) outbreak

MIH to Use Medtronic’s Design of Portable Ventilators

The Egyptian Metallurgical Industries Holding Company (MIH) will be using the usage of Medtronic medical device company's design for portable ventilators, the Puritan Bennett (PB) 560

SODIC Launches 1st Virtual Sales Platform in Egypt

Sixth of October for Development and Investment Company (SODIC) has launched the first virtual sales platform in Egypt

1,296 Units to be Delivered in New Cairo on April 14: El-Gazzar

Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar announced the delivery of 1,296 units of the “Sakan Misr” project, starting from April 14, Invest-Gate reports.

Egypt Sees EGP 100 bn Projects Underway: El-Gazzar

The New Urban Communities Authority (NUCA) is currently investing EGP 55 bn in a number of under-construction national projects including new cities

Egypt Achieves USD 12.9 bn Tourism Revenues: CBE

Egypt’s tourism sector generated revenues worth USD 12.9 bn during the period from Q2 of FY 2018/19 till the end of Q1 of FY 2019/20, up from USD 11 bn during the prior-year period

El-Gazzar Reviews Plans of Water, Sewage Sector

Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar held a meeting with officials responsible for the potable water and sewage sector to review its development plan

Egypt Targets Budget Deficit Decline to 6.3%: Minister

The Egyptian Finance Ministry expected budget deficit to shrink to 6.3% of the country's gross domestic product (GDP) in FY 2020/21, compared to the 7.2% target in the current budget

SODIC Appoints Osama Saleh as Non-Executive Chairman

Sixth of October Development and Investment Company (SODIC) announced the appointment of the former investment minister Osama Saleh as a non-executive chairman effective April 1

CED Contributes With EGP 10 mn to Tahya Masr Fund

City Edge Development, Egypt's national real estate developer, announced its contribution with EGP 10 mn to the Tahya Misr Fund

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