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Egypt Achieves 5.4% Economic Growth in H1 FY 2018/19

Egypt has managed to achieve a real economic growth rate of 5.4% during the first half of the current FY, while targeting reaching 5.6% during the second half of the same year and 5.8% by the end of it.

Palm Hills to Tailor Special Program for Badya City

Egypt-based real estate developer Palm Hills Developments (PHD) has announced collaborating with Milan's SDA Bocconi School of Management to tailor "a specially designed program" for the former company's project, Badya City.

Gov’t Inaugurates New Sphinx Authority’s Headquarters

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh inaugurated on January 28 the administrative headquarters of New Sphinx Authority, west Cairo.

German Minister for Economic Affairs Visits Egypt to Review Country’s Progress

Germany's Federal Minister for Economic Affairs and Energy Peter Altmaier is visiting Egypt from February 2 to 4, accompanied with an economic and parliamentary delegation, attempting to scrutinize the progress made through the country's economic reforms, while strengthening economic relations between both parties.

MBG to Launch 2 Tourism Projects in Ain Sokhna, North Coast

Cairo-based real estate developer MBG Development is currently preparing to launch two tourism projects in Ain Sokhna and the North Coast.

ACUD Delegates Visit France, Austria to Market NAC Project

A delegation of the Administrative Capital for Urban Development (ACUD) flew to Austria and France on February 2 to communicate with the Egyptian community abroad, as well as the international media, aiming to introduce them to the New Administrative Capital (NAC) project, east Cairo

Marseilia Inks Deal to Develop New Urban Project in NAC

Egypt’s Marseilia Real Estate Investment Group, a subsidiary of Marseilia Group, has signed an agreement with Misr for Investment and Urban Development for the development of a new urban project at the New Administrative Capital (NAC).

ODE Officially Joins EGX30

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding (ODH) in Egypt, has been officially added to the main Egyptian benchmark index "EGX 30," which includes the top 30 companies listed on the Egyptian Stock Exchange (EGX).

OECD Raises Egypt’s Rating as Attractive Destination for Investment

The Organization for Economic Cooperation and Development (OECD) has raised Egypt’s rating on the country risk index from level six to five as an attractive destination for investment.

Planning Ministry Signs 2 Cooperation Procotols for State Employees

Egypt's planning ministry has signed two cooperation protocols with UK-based King's College London and Washington-based American University on raising the efficiency of employees of the state's administrative apparatus in preparation for the transition to the New Administrative Capital (NAC).

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