News / Egypt

Egypt to Mark First-Ever Participation in Chicago’s CTBUH 2019

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas has confirmed that Egypt will mark its first-ever participation in the 2019 edition of Chicago-based Council on Tall Buildings and Urban Habitat (CTBUH) conference, starting from October 23 to November 2.

Developers Involved in Social Housing to Get 75 Acres: Minister

Egypt's housing ministry will extend lands of at least 75 acres each for potential real estate developers who are interested to take part in the development of social housing projects, exclusively to those with advanced expertise, financial solvency, and accumulation control.

Iwan Uncovers EGP 5 bn Majada in Ain Sokhna

Iwan Developments, along with its partner Idia Architects, revealed during a joint press conference held at Sofitel Al Gezira the long-awaited details of their new resort in Ain Sokhna, “Majada"

Egypt, China Sign USD 571 mn Deals for NAC’s Monorail Project

Egypt's transport ministry signed on October 13 deals totaled at USD 571 mn with Chinese contractor AVIC International for setting up and maintaining the planned electric train project

Egypt to Set up Accounting System for FDIs

Egypt's Ministry of Investment and International Cooperation has inked a cooperation protocol to account for the foreign direct investments (FDIs) that have been flowing into Egypt in recent years

EMPC to Develop Additional Administrative Studios in Giza

Egyptian Media Production City’s (EMPC) board has agreed to purchase an 884-square-meter flat in Agouza, Giza Governorate, for developing a fully-fledged administrative studio, with investments worth EGP 35 mn.

Jaz Hotel Group Agrees to Manage Sharm Dreams Resort

Jaz Hotel Group, the hospitality arm of Egypt's travel conglomerate Travco Group International, has inked a ten-year management agreement for Sharm Dreams Resort, located in Naama Bay, along the coastline of Sharm El Sheikh

Gov’t Holds 1st Meeting for Egypt’s Participation in Expo 2020

The Ministry of Trade and Industry held the first meeting of the National Coordinating Committee to discuss Egypt’s participation in Expo 2020 Dubai

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.

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