Egypt’s Budget Deficit Down to 8 % of GDP

• Tuesday, 23rd May 2017
• by Nayrouz Talaat

Egypt's budget deficit for the first nine months of the FY2016-17 ending in June dipped to 8% of GDP from 9.4% during the same period last year, Invest-Gate reports.

Gov’t to Partner with UN-Habitat over Slums Development

• Tuesday, 23rd May 2017
• by Fatma Khaled

The government will partner with the United Nations Human Settlements Program (UN-Habitat) in a plan to upgrade residential units in Egyptian slums, Invest-Gate reports.

Parliament to Discuss Final Law for Compensating Contractors End-May

• Tuesday, 23rd May 2017
• by Menna A. Farouk

The law for compensating contractors is expected to be effective before the end of June, Invest-Gate reports.

NUCA Allocates EGP 500 mn to Develop Shantytowns

• Monday, 22nd May 2017
• by Nayrouz Talaat

The state-run New Urban Communities Authority (NUCA) has directed part of its profit surplus in the past one and a half years to developing shantytowns, Invest-Gate reports.

Over 1,000 Special New Homes to be Offered in New Cairo

• Monday, 22nd May 2017
• by Fatma Khaled

Approximately 1,872 residential units will be offered as part of a special housing project in New Cairo’s Third Settlement, Invest-Gate reports.

Gov’t Offers Sale of Social Housing Units in USD to Expats

• Monday, 22nd May 2017
• by Fatma Khaled

The government is offering the sale of social housing units in USD for Egyptian expats, Invest-Gate reports.

First Phase of I-City Kicks Off in 6th of October

• Monday, 22nd May 2017
• by Fatma Khaled

The first phase of the residential project I-City is to be launched in 6th of October City, Invest-Gate reports.

Egypt in Talks With WB for USD 200 mn Loan

• Monday, 22nd May 2017
• by Nayrouz Talaat

The government is currently in talks with the World Bank to receive a EGP 200 mn loan aiming to finance labor-intensive projects nationwide, Invest-Gate reports.

PM Sets May 30 as Deadline for Reclaiming Stolen Lands

• Monday, 22nd May 2017
• by Menna A. Farouk

Egypt’s Prime Minister Sherif Ismail is calling on governors to conclude the process of reclaiming state-owned lands illegally appropriated on behalf of private parties by May 30, Invest-Gate reports.

Egyptalum Unveils New Production Line worth EGP 9.7 bn

• Monday, 22nd May 2017
• by Menna A. Farouk

Aluminium Company of Egypt (Egyptalum) announces a new production line project worth EGP 9.7 bn established in two phases, Invest-Gate reports.