News / Egypt

Egypt to Offer New Lands for Investment

Prime Minister and Minister of Housing, Utilities, and Urban Development has revealed that Urban Communities Authority are going to offer 25 pieces of lands for investment with an integrated urban activity

Madbouly Discusses Further Investment Plans With Developers

Prime Minister Mostafa Madbouly, who is also serving as the Minister of Housing, Utilities, and Urban Development has met with a number of Egyptian investors and developers to discuss future plans for promoting Egyptian real estate abroad

Tourist Walkaway Built in Marina El Alamein

Hatem Mohamed Hassan, Head of Tourist Villages Authority, has revealed that a new tourist walkway has been finalized in Marina El Alamein

IKEA to Open Second Store in Egypt

The second IKEA store is set to come to West Cairo as MARAKEZ for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, recently signed a Memorandum of Understanding (MoU) with Al-Futtaim Misr for Retail to open the store at Mall of Arabia

Egypt Among 10 Countries Facing Collective USD 1 tn Infrastructure Funding Gap

Egypt is among ten African countries which will fall USD 1 tn short of the infrastructure financing required to meet  their development goals by 2040

CBE Keeps Key Interest Rates Unchanged

The Central Bank of Egypt (CBE) decided to fix key interest rates at its Monetary Policy Committee's (MPC) meeting on June 28

Housing Ministry to Offer 120,000 Units for Reservation

Prime Minister Mostafa Madbouly has revealed that the Housing Ministry is planning to offer 120,000 units for reservation as a part of the social housing project

French Investments in Egypt Surpass EUR 4 bn: Nasr

Sahar Nasr, Minister of Investment and International Cooperation, has affirmed that France is one of the largest investors in Egypt as there are more than 160  French companies operating in the country with a total investment of over EUR 4 bn

CI Capital, Malaysian Bank Sign Brokerage Services Deal

Egypt’s CI Capital Holding, a diversified financial services group, signed on Sunday, June 24, an agreement with Malaysia-based Maybank Kim Eng to provide the latter’s clients with brokerage services,

Grand Egyptian Museum to be Finalized in 2 Weeks: PM

Prime Minister Mostafa Madbouly has announced that the construction works at the Grand Egyptian Museum will be finalized within two weeks

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