News / Egypt

Talaat Moustafa Reveals Newest Project in New Capital

Egypt's real estate developer Talaat Moustafa Group (TMG) has revealed their latest project in the New Administrative Capital, Celia

Egypt Signs World Cup Sponsorship Deal with FIFA

The Egyptian government, represented by the Ministry of Investment and International Cooperation, has signed a sponsorship contract with FIFA to become an Official Regional Supporter of the 2018 FIFA World Cup Russia

EAEF’s Investments in Egypt Reach USD 130 mn

The Egyptian American Enterprise Fund (EAEF) reported that their investments in Egypt reached USD 130 mn as of the end of 2017

Egypt Top Destination in Africa for FDI: UNCTAD

Egypt ranked the first recipient of foreign direct investment (FDI) flows in Africa, recording nearly USD 7.4 bn in 2017

Egypt’s Inflation Drops, Surpasses IMF Prediction

Egypt's annual inflation rate dropped to 11.4% in May, down from 13.1% in April, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed on Sunday, June 10, a larger fall than the International Monetary Fund (IMF) had predicted.

Military Production, Housing Ministers Sign Protocol for New Projects

Minister of Military Production Mohamed El Assar and Minister of Housing, Utilities, and Social Development Mostafa Madbouly have signed on June 6 a cooperation protocol to implement national and developmental projects in Egypt

Orascom Development, NUCA to Build a Replica of El Gouna

Orascom Development Egypt has reached a settlement agreement with the New Urban Communities Authority (NUCA) to build a replica of El Gouna in 6th of October city

Madbouly Appointed Egypt’s Prime Minister

President Abdel-Fattah El-Sisi has appointed Mostafa Madbouly, the former Minister of Housing, Utilities and Urban Communities, as the new prime minister on Thursday, June 7

M2 Developments Reveals Their Latest Project in North Coast

Egyptian real estate developer M2 Developments has revealed its latest project in the North Coast in a pre-launch event held on June 4

Gov’t to Deliver Land Plots in New Borg El Arab

The New Urban Communities Authority (NUCA) will begin allocating land plots in New Borg El Arab City for different income classes from June 24 until August 16

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