News / Egypt

Market Value of Stock Exchange-Listed Property Companies Hits EGP 71 bn

The total market value of the stock exchange’s listed property companies hit EGP 71 bn by the end of 2016, Invest-Gate reports.

USD 65mn Kuwaiti Projects To Be Invested,  East Port Said, North Sinai

Egypt and Kuwait have signed two agreements worth USD 65 mn to carry out developmental projects in the cities of East Port Said and North Sinai, a statement released by the Ministry of Investment and International Cooperation says.

Tunnel in New Cairo’s Street 90 to Operate End of Month

A new tunnel has been finalized in New Cairo to connect the north and south of Street 90, New Cairo’s main road, and will be operating by the end of this month, Invest-Gate reports.

Construction Works At Gov’t District Of New Administrative Capital Moves Ahead

The government is moving ahead with construction works at the governmental district of the New Administrative Capital project, Invest-Gate reports.

Egyptian-Saudi Business Council to Invest in Egypt’s Projects

The Egyptian-Saudi Business Council is planning to invest in major national projects now underway in Egypt to stimulate economic growth, Invest-Gate reports.

ElSewedy: New Law on Licensing Industrial Establishments To Boost Investments

The House of Deputies indefinitely passed on March 14 a draft bill facilitating the licensing of industrial establishments in a move seen by businessmen and experts as promising for the country’s investment climate, MENA reports.

IMF Delegation To Visit Egypt Late April

A delegation from the International Monetary Fund (IMF) will visit Egypt during the period from April 28 to May 8 to review the progress of the country’s economic reform program before handing over the second tranche of the USD 12 bn loan, Reuters reported.

Portuguese Businessmen To Visit Egypt Soon

Cairo’s Chamber of Commerce, in coordination with the Portuguese Embassy, is to host a delegation of Portuguese businessmen during May to scout available investment opportunities in Egypt in various fields

NUCA Offers 250 Land Plots, West Assiut

New Urban Communities Authority (NUCA) launches its first public bidding to sell 250 residential land plots in Nasser City in West Assiut

Arish Displaced Families Relocate In 50 Flats, Ismailia

Displaced coptic families of Arish relocate to 50 fully- furnished and equipped flats in Ismailia

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