News / Egypt

Russia Resumes Flights to Egypt After Over 2 Years Suspension

Aeroflot announced it will operate three flights a week from Moscow to Cairo, on Saturday, Monday, and Wednesday, and flights from Cairo to Moscow on Sunday, Tuesday, and Thursday

Orascom Development, NUCA Announce Joint West Cairo Project

Orascom Development Egypt (ODE) is developing a 1,000-feddan land plot in West Cairo for its first housing project in the capital in partnership with the New Urban Communities Authority (NUCA)

SODIC, MNHD to Enter into Talks to Explore Merging, Acquisition

Sixth of October Development and Investment Company (SODIC) says it will enter into preliminary talks with Madinet Nasr Housing & Development (MNHD) to explore potential strategic alternatives for the two entities by way of merger or acquisition

Egyptian Inflation Rates Fall to Lowest Levels in Almost 2 Years

Egypt’s inflation rates fell in March to their lowest levels in almost two years, paving the way for more interest rate cuts in the wake of a 2-percentage-point decline since February

Gov’t Unveils Largest Offering of Land, Housing Units for 2018/2019

Minister of Housing Mostafa Madbouly has revealed details of the largest offering of housing units and residential, investment, and service plots for 2018-2019, which is currently being implemented and will be announced for registration within days

Egypt’s Tahya Misr Fund Finishes 2nd Round of Developing Poor Villages

Tahya Misr Fund, in cooperation with Dar Al Orman Charity Association, has completed the second phase of developing and reconstructing the poorest villages in 15 governorates

Hassan Allam Acquires 60% Stake in PGESCo for EGP 421 mn

Hassan Allam Holding has acquired 60% stake in the Power Generation Engineering and Services Company (PGESCo) for EGP 421 mn

Gov’t to Launch Third Phase of PPP Land Tenders in April

The Ministry of Housing is planning to launch the third phase of land tenders for residential projects under public-private partnership (PPP) after announcing the results of the second phase in April

IDA to Offer 3 mn Square Meter of Lands in Sadat City

The Industrial Development Authority (IDA) is planning to offer a total of 3-mn-square-meter land plots in Sadat City for small- and medium-sized enterprises (SMEs) in June

Slum Development Fund to Establish Public Libraries in Developed Slums

The Executive Director of the Slum Development Fund Khaled Siddik has met Riad Radwan, general director of Egypt’s public libraries, to develop a vision for the intellectual development of Egyptians in the slums areas and establish a public library

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