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.
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 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
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
Egyptian real estate developer M2 Developments has revealed its latest project in the North Coast in a pre-launch event held on June 4
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
Egyptian cabinet has approved a framework agreement between the National Authority for Military Production and China-based company GCL to build a solar panels manufacturing complex in Aswan with a manufacturing capacity of 5 gigawatts
Egyptian developer Madinet Nasr Housing and Development (MNHD) has ratified signing a medium-term loan with the Commercial Bank of Egypt (CIB) worth EGP 1 bn to fund two projects
Egypt's developer DM Development has announced its plan to implement their new project, The Groove, in Ain Sokhna with total investments of EGP 4 bn
The New Urban Communities Authority (NUCA) signs a memorandum of understanding with Chinese construction company, CGCOC Group, to establish the first industrial zone in New Al-Alamein
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