News / Egypt

Positive Facts about COVID-19

Despite the international fears caused by COVID-19 due its fast spread and high death rates, there are still undeniable positive facts.

OUD Resists COVID-19

Orientals For Urban Development [OUD] takes serious precautionary measures to ensure the safety of its staff and residential community

Egypt’s New Cities Authorities Take Precautionary Measures

The Minister of Housing, Utilities, and Urban Communities Assem El Gazzar confirms that all authorities are currently taking the necessary measures to safeguard their employees from COVID-19, Invest-Gate reports.

Water Installation Requests in New Cairo Go Digital

In light of the latest precautionary measures taken by the government, New Cairo City Authority provides digital solutions to all residents requesting water pipes installation

New Fayoum City Health Unit Inspected Prior to Official Launch

Head of New Fayoum City Abdel Wahab Semeda inspects the newly established health unit at New Fayyoum's third district in preparation for its official inauguration

Egypt Issues New Incentives In Time Of COVID-19

Amid COVID-19 development in the country, Egypt has issued new incentives to boost economy, including property tax, stock exchange, stock transactions, export subsidy of EGP 1bn and power prices.

Palm Hills Offers Free Sterilization Services to its Community

Cairo-based Palm Hills Developments announced it will be tightening safety measures and providing home sterilization services free of charge for all its clients

Egypt Allocates EGP 100 bn to Combat COVID-19

President Abdel-Fattah El-Sisi instructed the government on March 14 to allocate EGP 100 bn (USD 6.4 bn) to support all the precautionary measures to be taken to combat the coronavirus disease (COVID-19)

NAC’s First Skyscraper Skeleton Construction Finished

Construction skeleton of the 'CO3' skyscraper, the first skyscraper at the Central Business District at the New Administrative Capital, is finished

CBE Cuts Interest Rates by 3%

The Central Bank of Egypt (CBE) said its Monetary Policy Committee (MPC) decided in an unscheduled meeting on March 16 to cut interest rates by 300 basis points.

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