News / Egypt

Net Foreign Reserves Increase to USD 44.4 bn in August: CBE

Net foreign reserves at the Central Bank of Egypt (CBE) increased to USD 44.42 bn at the end of August, an increase of USD 104.3 bn versus USD 44.315 bn at the end of July

Wadi Degla Inks EGP 1.15 bn Deals for Neopolis

Wadi Degla Developments, a subsidiary of Wadi Degla Holding, has signed deals worth EGP 1.15 bn with two of Egypt's major contracting companies for the construction of its residential project Neopolis in Mostakbal City, east of Cairo

Gov’t to Offer 112 Service Lands in 13 New Cities

The New Urban Communities Authority (NUCA) will offer 112 service lands in 13 new cities to serve the residents around and drive development in these areas

A Plan in Progress for New Hurghada: Governor

Governor of Red Sea Governorate Ahmed Abdullah met representatives of leading Spanish companies on Tuesday, September 4, to discuss the available investment opportunities for establishing mega projects in the city

Core Developments Launches Alcamar in Sahl Hasheesh

Egypt-based Core Developments has launched its newest project Alcamar in Sahl Hasheesh in Egypt’s Red Sea coast,

NUCA to Offer Mixed-Use Lands in Eight Cities

The New Urban Communities Authority (NUCA) will offer 138 mixed-use land plots in eight new cities

Sisi Signs USD 18.3 bn Agreements With Chinese Investors

President Abdel-Fattah El-Sisi has met a delegation of Chinese businessmen including owners of major companies on Sunday, September 3

Gov’t Invests EGP 9 bn in New Cairo’s JANNA, Sakan Misr

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has reviewed construction updates on Sakan Misr project for middle-class housing and JANNA luxury housing project

New Capital Phase I Will Be Completed “At Earliest Possible Time”: PM

Prime Minister and Minister of Housing, Utilities, and Urban Development has revealed that constructions of the first phase in the New Administrative Capital will be finished in the nearest possible time

Madbouly Reviews Updates on New Capital

Prime Minister and Minister of Housing, Utilities, and Urban Development, Mostafa Madbouly has visited the New Administrative Capital to view constructions updates in the city

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