News / Egypt

Egypt’s Annual Headline Inflation Rises in August

The Central Bank of Egypt (CBE) has revealed that August’s annual headline inflation increased by 0.7% compared to a month earlier, recording 14.2%

Gov’t to Build 20 4th Generation Cities

The New Urban Communities Authority (NUCA) is currently developing 20 new cities of the fourth generation with a total area of 580,000 acres to accommodate 30 mn citizens

Opening of 1st Mall in Sadat City’s Dar Misr

Al Sadat City witnessed the opening of its first commercial mall in Dar Misr compound

Sisi Praises Construction Works in Galala Mountain

President Abdel-Fattah El-Sisi has visited number of under-construction projects in Galala Mountain in the northeastern governorate of Suez

Investments in Free Zones Reached USD 26 bn by End-July: Minister

Egypt’s Minister of Investment and International Cooperation Sahar Nasr said that the total investments to the free zones of the General Authority for Investment and Free Zones (GAFI) reached USD 26 bn in July, with the projects' capital standing at USD 11.3 bn, including USD 2.1 bn of foreign direct investments (FDIs)

Net Foreign Reserves Increase to USD 44.4 bn in August: CBE

Net foreign reserves at the Central Bank of Egypt (CBE) increased to USD 44.42 bn at the end of August, an increase of USD 104.3 bn versus USD 44.315 bn at the end of July

Wadi Degla Inks EGP 1.15 bn Deals for Neopolis

Wadi Degla Developments, a subsidiary of Wadi Degla Holding, has signed deals worth EGP 1.15 bn with two of Egypt's major contracting companies for the construction of its residential project Neopolis in Mostakbal City, east of Cairo

Gov’t to Offer 112 Service Lands in 13 New Cities

The New Urban Communities Authority (NUCA) will offer 112 service lands in 13 new cities to serve the residents around and drive development in these areas

A Plan in Progress for New Hurghada: Governor

Governor of Red Sea Governorate Ahmed Abdullah met representatives of leading Spanish companies on Tuesday, September 4, to discuss the available investment opportunities for establishing mega projects in the city

Core Developments Launches Alcamar in Sahl Hasheesh

Egypt-based Core Developments has launched its newest project Alcamar in Sahl Hasheesh in Egypt’s Red Sea coast,

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