News / Egypt

WB Group Extends Egypt Country Partnership Framework Till 2021

The World Bank (WB) Group announced on April 30 a two-year extension to its 2015-2019 Country Partnership Framework (CPF) with Egypt, ending in 2021, aiming to maintain the momentum on the government’s reform efforts, which are supported under the strategy

Sisi Inaugurates 12 Major Infrastructure Projects in Ismailia

Egyptian President Abdel Fattah El Sisi on May 5 inaugurated 12 mega national projects, connecting Sinai to the Nile Delta, a step which comes under the country’s pursued Sinai Peninsula development project.

Trulia Inks Deals to Market Projects of 30 Developers

Trulia for Real Estate has contracted with a group of leading real estate developers in Egypt to market their residential, commercial and coastal projects, with plans to include more projects in its marketing portfolio

Benban Solar Park to Fully Operate This Year

Aswan's Benban Solar Park, set to be largest in the world upon completion at 1.8 GW total capacity, is scheduled to operate at full capacity during the current year, in a bid to raise Egypt's use of renewable energy to 22% of all domestically produced energy by 2020.

Invest-Gate Gets Ready for 1st Real Estate Sohour in Ramadan #TIMETOGIVEBACK

Invest-Gate is gearing up to hold its first real estate charitable Sohour, named “Bab El Ezz,” on May 15 at the Nile-Ritz Carlton, Cairo, out of its firm belief in giving back to the society and enhancing people’s lives

New Sohag Sees 3,744 Social Housing Units Completed

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 3,744 social housing units, within 156 buildings, are completed in New Sohag.

Egypt’s 1st Monorail to be Implemented Over 24M: Minister

Minister of Transportation Kamel El Wazir inspected on May 4 the commencement of the civil works of Egypt’s first monorail project, linking between Greater Cairo and the New Administrative Capital (NAC), which is set to be implemented over 24 months.

Heliopolis Housing Sells 1,980-Acre Plot in Sheraton

Cairo-based Heliopolis Housing and Development (HHD) has announced selling a 1,980-acre land plot in Sheraton, Heliopolis, for EGP 99.3 mn at an auction on May 4.

Emaar Misr Consolidated Profits Fall 16.8% in Q1 2019

Egypt's Emaar Misr has reported a 16.8% YoY decline in its consolidated net profits during the first three months of 2019, dropping by EGP 84.6 mn compared to the year-ago period.

Net Foreign Reserves Hit USD 44.218 bn by End-April: CBE

The Central Bank of Egypt (CBE) announced on May 5 that the country’s net foreign reserves surged to USD 44.218 bn at end-April, compared to USD 44.030 bn in the prior-year period.

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