News / Egypt

Mortgage Finance Loans Hit EGP 392.7 mn by End-April

Egypt’s Mortgage Finance Fund (MFF), targeting middle- and low-income citizens, provided loans worth EGP 392.7 mn in April versus EGP 127 mn in the year-ago period, amid a 208% surge in banks' key interest rates

Progate, Memar El Fouad Sign EGP 2.5 bn Deal for Zavani

Egypt-based Progate Development has partnered with Memar El Fouad, a subsidiary of Alfouad Holding Group, to develop the former company's residential project in the New Administrative Capital (NAC), Zavani, at costs valued at EGP 2.5 bn

Egypt Breaks World Record for Longest Iftar Table in NAC

Egypt just managed on June 1 to snag a new world record for the longest-ever Iftar table in the New Administrative Capital (NAC), shortly after it broke a record for Rod El Farag Axis Bridge - the widest cable-stayed bridge with a width of 67.36 meters.

Gov’t to Deliver 168 Units in New Cairo’s Dar Misr Phase I

Head of New Cairo Development Authority Adel El Naggar has announced plans to start handing over on June 9 the tenth batch of Dar Misr's first phase in El Koronfel Villas, New Cairo.

Baky Hospitality Redefines Dining World with Top Chef Reif Othman

Baky Hospitality, founder of several fine diners and bars in Cairo, has announced that renowned top Chef Reif Othman will be its exclusive culinary advisor, aiming to bring Egypt’s name to an international scale.

Badr City to Have Largest Medical Tourism City in MENA

Egypt plans to establish the largest medical tourism city in the MENA region, situated at Badr City, east Cairo, with costs valued at EGP 20 bn.

Edge Holding Posts EGP 500 mn Sales of OIA Compound in H1

Edge Holding for Urban Development reported EGP 500 mn sales of its residential project in the New Administrative Capital (NAC), OIA, in H1 2019, bringing the compound's total sales to EGP 1.67 bn

New Plan Begins Constructing Serrano Project in NAC

New Plan Developments has begun constructing its very first project in the New Administrative Capital (NAC), Serrano - an integrated residential compound to be developed with investments valued at EGP 1.5 bn

Alexandria’s Mahmoudia Axis Gears to Inaugurate Mid-2019

Alexandria's Mahmoudia Axis, one of the most important national projects undertaken by the Armed Forces Engineering Authority, is in preparation for its opening in mid-2019

Egypt, Bulgaria Ink MoU to Boost Tourism Cooperation

Egypt's Tourism Minister Rania Al Mashaat has signed a memorandum of understanding (MoU) with her Bulgarian counterpart Nikolina Angelkova on boosting bilateral relations in a way that contributes to the economic development of both countries, while promoting their tourism sectors.

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