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EBRD to Offer USD 200 mn to Finance Green Mall in East Cairo

The European Bank for Reconstruction and Development (EBRD) plans to provide USD 200 mn loan to finance building a green shopping and entertainment mall, City Center Almaza, in east Cairo.

Non-Residents’ Property Purchases Reach USD 725.7 mn: CBE

The Central Bank of Egypt (CBE) said transfers by non-residents for real estate purchases in the country has spiked to USD 725.7 mn during the first nine months of FY 2018/19.

SODIC’s Educate Me Inks Deal to Support Education Reform in Egypt

Sixth of October Development and Investment's (SODIC) key corporate citizenship program Educate Me has signed a cooperation protocol with the Ministry of Education to support education transformation in Egypt.

Gov’t Announces New Fuel Prices Under IMF Deal

Egypt’s petroleum ministry announced on July 5 raising fuel prices between 16% and 30%, marking the latest round of fuel subsidy cuts

Misr Italia Launches IL BOSCO City with EGP 22 bn Investments

Misr Italia Properties (MIP) has announced the launch of its newest residential project in Mostakbal City, IL BOSCO City, with investments worth EGP 22 bn.

Assiut Plateau is 96% Completed: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has noted that construction work is on the verge to finish at Assiut Plateau road project, situated in western Assiut governorate, with implementation rate reaching 96% up to date.

City Edge Developments Launches 2 Projects in New Alamein

Egypt’s real estate developer City Edge Developments has announced the launch of two new residential projects, The Gate and Mazarine, in New Alamein, North Coast.

NUCA Offers Booklets for 538 Units in NAC: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced offering reservation booklets for 538 luxury residential units in the New Administrative Capital's (NAC) R3 district as of July 1.

ACUD Denies Lands Withdrawal in New Capital

The Administrative Capital For Urban Development (ACUD) has officially denied news published on July 2 that it has sent out notifications of its intentions to withdraw lands in the New Administrative Capital (NAC) from 17 real estate companies.

ITFC Provides USD 1.13 bn Trade Financing to Egypt

The International Islamic Trade Finance Corporation (ITFC) celebrated on July 1 the successful implementation of USD 1.13 bn of trade financing in favor of Egypt.

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