The Central Bank of Egypt (CBE) made the second consecutive cut to key rates by 1% (100 bps), driven by the declining inflation rates, which hit a six-year low in August, alongside the falling unemployment and soaring economic growth.
The New Urban Communities Authority (NUCA) will start issuing the terms and conditions booklets for 46 semi-finished villas in Marina Alamein, North Coast, starting September 29.
Rashid City's El Kassara, one of Beheira's unsafe slums, is having five buildings, comprising 117 housing and nine commercial units, 95% completed, with investments worth EGP 25 mn
Abu Dhabi's Imkan said the first phase of Alburouj development in east Cairo, near Shorouk City, will be delivered this year.
Prime Minister Mostafa Madbouly opened on September 19 the Investor Service Center (ISC) in Port Said, endeavoring to eliminate the bottlenecks investors face when starting up new businesses.
The government allocated a total of EGP 9.3 bn for the social housing program in FY 2019/20, complementing its plan to ensure decent lives for all citizens through building integrated urban communities.
Egypt-based Orascom Investment Holding (OIH) incurred higher net losses of EGP 153.3 mn in the first half of 2019, compared to EGP 141.2 mn recorded during the prior-year period.
Egypt's real estate developer Mountain View held the first edition of Future Offices International Summit at The Nile-Ritz Carlton, Cairo on September 22, under the patronage of Ministry of Housing, Utilities, and Urban Communities.
Egyptian Resorts Company (ERC) has announced legal action to scrap contracts worth USD 40 mn (EGP 653.6 mn) for four land plots, sold back in June 2015, due to its clients’ failure to make due payments.
Egypt's Madaar Development, in collaboration with TriFactory, hosted on September 21 Azha Endurance Festival at its luxurious Ain Sokhna resort, Azha, welcoming nearly 500 amateurs and sports enthusiasts.
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