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Cleopatra Hospital to Sign New Lease Agreement in East Cairo

Cleopatra Hospital Group is planning to sign a long-term lease agreement for a 50-bed hospital in East Cairo by February.

TMG Holding’s Sales Hike 62% in 2018

TMG Holding reported on January 2 that its overall sales jumped 62% YoY to EGP 21.3 bn at the end of December 2018 from EGP 13.1 bn in 2017.

Hassan Allam Awarded New Project in NAC

Egypt-based Hassan Allam Construction (HAC) has announced a new project award for the development of the Commercial International Bank’s (CIB) new headquarters project in the New Administrative Capital (NAC).

Madbouly Reviews NUCA’s Achievements in 2018

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has reviewed the New Urban Communities Authority's (NUCA's) tangible achievements in 2018.

NUCA Opens First Training Center for Its Employees, Affiliates

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh has announced opening the first training center for NUCA's employees and workers at the authorities of the newly developed cities.

UAE Banks Invest AED 47.2 bn in Egypt in Q3 2018

The investment of UAE’s banks in Egypt reached AED 47.2 bn at the end of Q3 2018, logging a higher amount than those pumped into Saudi Arabia - which are estimated at AED 40 bn.

Madbouly Probes Latest Developments in Cairo’s Informal Housing

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly held a meeting on January 1 to follow up on the latest developments in Cairo's informal settlements, while reviewing the ministry's plans to house the completed areas.

Egypt, China Ink Deal to Fund USD 1.2 bn Electric Train Project

The Egyptian Transportation Ministry has signed a USD 1.2 bn loan agreement with Export-Import Bank of China (EXIM) to fund an electric train project that will make commuting across major areas much easier.

Egypt to Receive 5th IMF Loan Tranche in January

The Egyptian president’s office announced on December 31 that the government will receive the fifth tranche of the USD 12 bn International Monetary Fund (IMF) loan program in January.

Liquidity Shortage Threatens Egypt’s Construction Sector in 2019: Official

Daker Abdellah, a member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), said the country's construction sector will face challenges in 2019, as a result of a shortage of liquidity due to delayed payments of contracting companies’ dues

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