News / Egypt

Egypt’s Foreign Reserves Reaches Highest Level in its History

Egypt has recorded its highest levels of foreign reserves in its history at the end of October 2017

SODIC Launches New Project in East Cairo

Egypt's leading real estate developer SODIC is now launching its newest destination east of Cairo

Gov’t to Offer Housing Units in West Qena, Nasser for 1st Time

The Housing Ministry will launch low- and middle-income housing units for the first time in West Qena and Nasser in West Assiut

Egypt to Keep Customs Exchange Rate at EGP 16 in November

Egypt will keep its customs exchange rate unchanged for this month

Egypt Approves Extending Tax Dispute Reform Law

Egypt’s government has approved extending a law designed to make settling tax disputes easier

Al Ahly Capital Holding Sells 47.2 mn Shares in Egyptian Resorts Co

Joint-stock private equity investment firm Al Ahly Capital Holding says it sold 47.2 mn shares in Egyptian Resorts Company at EGP 1.21 per share

Egypt’s Cabinet Approves Investment Law Executive Regulations

The Ministry of Investment has issued the executive regulations of the country’s new Investment Law which aims to lure back investors

Egypt Sees “Broad-Based” Economic Recovery – IMF Official

The International Monetary Fund (IMF) says Egypt is witnessing an economic growth, backed by a "broad-based" recovery across its industries

UK to Support Benban Solar Park with USD 97 mn

The UK’s development finance institution, CDC Group, is to invest USD 97 mn in Benban Solar Park

IL BOSCO-New Capital Phase I Units See High Demand for 2nd Day

Egypt’s real estate company Misr Italia Properties has witnessed high demand for its residential units on the second day of their sales launch event on Tuesday, October 31

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