News / Egypt

The MENA Startup Scene Lags Behind Europe & USA, But It Is Growing Fast

Forbes Middle East: The MENA startup scene lags behind Europe and the US, but It is growing fast. The region now has over 3,000 startups, and the UAE leads the pack as home to 42% of those companies, followed by Egypt with 12%.

Ain Sokhna Gets The Groove

DM Development just launched its first masterpiece in Ain Sokhna, The Groove Sokhna, Invest-Gate reports.

MFF, NSB Ink Deal to Provide EGP 50 mn Mortgage Finance

The Mortgage Finance Fund (MFF) and Nasser Social Bank (NSB) signed a cooperation protocol to provide mortgage finance worth EGP 50 mn for low-income classes

Gov’t to Offer New Lands for Expats in Beit Al-Watan

The Egyptian Cabinet has agreed to start offering lands in the fifth phase of the Beit Al-Watan project to Egyptian expats

Housing Ministry to Offer 2200 Units in Qena, Assiut Soon

The Housing Ministry is to offer 2200 residential units for sale in Sakan Misr medium-income project next December

Gov’t Begins Delivering Dar Misr units in New Cairo

New Cairo City Authority has started delivering the completed residential units in the first phase of Dar Misr medium-income housing project

Gov’t to Establish Projects in New Cities

A medical center will be established in the fifth district of the social housing area in Badr City

Foreign Currency Inflows Reach USD 80 bn Since Float

Egypt’s banking system has witnessed foreign currency inflows worth USD 80 bn since the central bank floated the pound last year

Egypt Needs 600,000 Residential Units Annually – Madbouly

Housing Minister Mostafa Madbouly said Egypt is in need of 600,000 residential units per annum to accommodate its increasing population, with expectations for the figure to rise in the future to one million units

Social Housing Fund Approves Decisions in Favor of Low-Income Classes

The Social Housing Fund has approved a number of important decisions in favor of the low-income classes, residents of informal settlements, and trade unions' members

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