Egypt Spends Millions on Major Infrastructure Projects, Upper Egypt

• Saturday, 28th January 2017
• by Farah Montasser

Egypt has spent over EGP 600mn on infrastructure projects, including rural sanitation, electricity networks, and industrial waste management, across the country, eyeing Upper Egypt in efforts to attract further private investments

Fitch Rates New Egyptian Dollar Bonds ‘B’

• Thursday, 26th January 2017
• by Yasmin El-Beih

Fitch Ratings has assigned Egypt's new senior unsecured bonds issued under the sovereign's Global Medium-Term Note programme 'B' ratings, Invest-Gate reports.

EGX Imposes EGP 25,000 Penalty on Global Telecom Holding

• Thursday, 26th January 2017
• by Yasmin El-Beih

The EGX’s Listing Committee imposed an EGP 25,000 penalty on Global Telecom Holding due to a violation of Article 27 of the Listing Rules.

Madbouly Follows Up on Projects Worth EGP 37 bn in New Cities

• Thursday, 26th January 2017
• by Yasmin El-Beih

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly held a meeting with leaders of the ministry and the New Urban Communities Authority (NUCA) on January 25 to follow up on projects worth of EGP 37 bn in new cities, Invest-Gate reports.

Egypt’s New Compensation Law Protects Contractor

• Thursday, 26th January 2017
• by Yasmin El-Beih

The government’s compensation law for contractors protects the construction sector rather than compensating contractors, according to Mohamed Badawy for Contracting Company Chairman Mohamed Desouky.

Arab Contractors to Construct Infrastructure projects, New Cairo

• Thursday, 26th January 2017
• by Yasmin El-Beih

Arab Contractors will construct roads in social housing project located in New Cairo at a total investment cost of EGP 75 mn

Coldwell Banker to Market View Mall, 6th of October City

• Thursday, 26th January 2017
• by Yasmin El-Beih

Coldwell Banker will start marketing View Mall, a project developed by Kasr El Nile for Real Estate located in 6th of October City, Invest-Gate reports.

Housing Ministry Finalizes 100 Water Projects across Egypt

• Thursday, 26th January 2017
• by Yasmin El-Beih

The Ministry of Housing, Utilities, Urban Communities has finalized 100 rural sanitation and water projects to serve around 53,000 residential units across 18 governorates, Invest-Gate reports.

Cairo University to Renovate Three Slum Areas in Giza

• Thursday, 26th January 2017
• by Yasmin El-Beih

Cairo University will renovate three slum areas in the Giza governorate in an effort to support residents in these areas and offer public services as per the approval of University Dean Gaber Nassar, Invest-Gate reports.

EFSA Issues First Egyptian Standards for Buildings’ Financial Evaluation

• Wednesday, 25th January 2017
• by Yasmin El-Beih

The ِEgyptian Financial Supervisory Authority (EFSA) issued the first Egyptian standards for the financial evaluation of buildings on January 24.