News / Egypt

Investments in Shorouk City Touch EGP 3 bn: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the volume of investments pumped into Shorouk City mark about EGP 3 bn, stressing that 4,416 social housing units have been finalized, with 2,905 delivered to beneficiaries.

Headline Inflation Falls in September to Ease More Interest Cuts

Egypt’s annual headline inflation rate plummeted to 4.8% in September, compared to 7.5% a month ago, and remained almost stationary on a month-on-month basis, easing to its lowest hit since November 2012 and charting the path for additional key rate cuts.

Advertorial: Porto New Cairo’s Park Mall Marks Unrivaled Lifestyle Destination

Porto Group announced in a grand celebration the soft opening of Park Mall at its newest residential and recreational hub in the Fifth Settlement, New Cairo.

CED Sells Out Downtown New Alamein Phase I

Egypt's national developer City Edge Developments (CED) has sold out phase I of its newly launched project, dubbed “Downtown New Alamein,” in less than a week since its initial launch, achieving sales worth EGP 700 mn.

Union Pharmacist to Co-Develop Residential Project in New Minya

Union Pharmacist Company for Medical Services and Investment's (UPMS) board of directors (BoD) has approved the joint establishment of an 840-acre integrated residential compound, in the northern expansions area of New Minya.

Tatweer Misr Partakes in 10th Global Conference on Entrepreneurship

Egypt-based Tatweer Misr took part in the 10th Global Conference on the Intersection of Entrepreneurship Research and Policy, titled, “Entrepreneurship Ecosystems – The Future Ahead," held from October 2 to 4 in Washington, D.C.

Orascom Construction Inks USD 1.3 bn Deals in Q3

Orascom Construction (OC) has signed new contracts worth USD 1.3 bn in Q3 2019, spiking by 150% year-on-year (YoY) and 39% quarter-on-quarter (QoQ)

West Qena to See 1,680 Housing Units Done by July 2020

West Qena is awaiting the finalization of 1,680 residential units, within 70 buildings, as part of Sakan Misr medium-income project by late June 2020, in the course of providing affordable housing to low-income citizens

New Capital’s Value Reaches EGP 1 trn: PM

Prime Minister Mostafa Madbouly has revealed that Egypt’s New Administrative Capital (NAC) worth has so far reached EGP 1 trn.

ALDAU Development Restores Hyatt Hotel Brand to Egypt

Egypt's property developer ALDAU Development has entered into a franchise agreement with an affiliate to Hyatt Hotels Corporation for a Hyatt-branded hotel in west Cairo, marking the return of the hospitality brand to the Egyptian capital

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