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IMF Supports Egypt to Keep Economic Reform Program’s Gains

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva announced the fund's support for Egypt’s efforts to safeguard the achievements made by the economic reform program under the completed three-year Extended Fund Facility

Tourism Minister Revokes Hotel License Over Coronavirus Layoffs

Tourism and Antiquities Minister Khaled El Anany issued a decision on April 26 to revoke the license of a leading hotel in Sharm El-Sheikh after it laid off all workers due to the coronavirus pandemic

CED, Tazkarti Sign Protocol for Entertainment Services in New Alamein

City Edge Developments has signed a protocol with Egyptians for Marketing Services “Tazkarti”, one of the subsidiaries of United Media Services company, for the aim of beaches development and management, managing entertainment facilities and all smart services in New Alamein, Invest-Gate reports.

Akam Asserts Employees Safety, Projects’ Completion

Egypt-based real estate developer Akam Developments has asserted the safety of its employees and workers as well as the completion of its planned development projects as scheduled

Red Sea Resumes Tourist Cruises After 2-Week Suspension

Red Sea Governor Amr Hanafy issued a decision on April 25 that allows all tourist cruises and boats to resume operations across the governorate as long as all preventive and precautionary measures are taken to curb the spread of coronavirus

Egypt in Talks With IMF Over Financial Assistance Amid COVID-19

Prime Minister Mostafa Madbouly said on April 26 that Egypt is in launch talks with International Monetary Fund (IMF) for a financial assistance deal as well as technical support to cushion the pandemic's negative implications

Egypt Shortens Nationwide Curfew During Ramadan

Prime Minister Mostafa Madbouly has announced that the country's nationwide curfew will be shortened by one hour to begin at 9 pm each day.

CSCEC Provides Egypt With Medical Aids Amid COVID-19

Yu Tao, CEO of China State Construction Engineering Corporation (CSCEC), has announced that his company provided the Egyptian government with several medical aids and equipment,

Housing Minister Follows up on Sanitation Projects in Rural Areas

 Minister of Housing, Utilities, and Urban Communities Assem El Gazzar followed up on the projects that are part of the Sustainable Rural Sanitation Services Program (SRSSP) Program for Results (P for R)

Saudi Real Estate Refinance Predicts Temporary Mortgage Slowdown

Saudi Real Estate Refinance Company (SRC) has expected a temporary slowdown in the mortgage market over the next few months due to the new coronavirus, Reuters reports.

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