News / Egypt

Egypt’s Annual Urban Inflation Falls to 31.6% in September

Egypt’s inflation indicators continued to ease slightly in September compared to figures recorded in August

KarmSolar to Build USD 23 mn Solar Stations in 2018

Egyptian solar technology company KarmSolar has signed a private power purchase agreement with Dakahlia Group's subsidiaries to provide them with 75% of their energy needs

Misr Italia Launches IL BOSCO in New Capital

Egypt’s real estate developer Misr Italia is launching its first residential compound in the New Administrative Capital

Remittances from Egyptian Expats Rises 40% in August YoY

The Central Bank of Egypt (CBE) said remittances from Egyptian expats rose 40% year-on-year in August

Egypt’s CAPMAS Reveals Latest Population, Housing Census

Census data showed that the total number of buildings in 2017 hit 16.18 mn versus 11.59 mn buildings in 2006 with an increase of 39.5%

Ministry Grants Construction Licenses to 258 Industrial Projects

The Ministry of Trade and Industry granted construction licenses to 258 industrial projects in a number of Egyptian governorates and cities

Egypt Jumps 15 Places in Global Competitiveness Index

Egypt's ranking rose in the World Economic Forum's Global Competitiveness Report for 2017-2018

Almasa Hotel Opens in New Administrative Capital October 6

The New Administrative Capital saw the grand opening of its first hotel on October 6

CI Capital to Acquire Majority Stake in Reefy

CI Capital Holding, an Egyptian financial services group, announced that it reached an agreement in principle with Gemini Egypt Holding for Financial Investments to acquire Gemini’s majority stake in microfinance provider, Reefy

Orascom Construction Adds USD 750 mn Projects to Backlog in Q3

Orascom Construction said it added new projects to its backlog during the third quarter of 2017

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