Egypt to Obtain USD 400 mn World Bank Facility

Egypt has started the procedures of obtaining a USD 400 mn World Bank facility to support the country’s health insurance system, Invest-Gate reports.

Cabinet Building Nears Completion in NAC: Official

Randa El Menshawy, the first assistant to the Prime Minister for follow-up affairs, said that the cabinet's building is completed by 92% in the New Administrative Capital (NAC), with its exterior and interior fini ...

Cabinet Approves Real Estate Registry Act

The Egyptian cabinet has finally approved the long-awaited amendments to the Real Estate Registry Act that would facilitate procedures for registration of property units

Cabinet Approves Amendments to Property Tax Law

Egypt's cabinet approved draft amendments to the Real Estate Tax Act, exempting idle land from property tax

Egypt Passes New Conditions for Foreign Citizenship

Prime Minister Mostafa Madbouly has signed off on granting the Egyptian citizenship to foreigners who either buy assets or invest at least USD 250,000 (EGP 4.03 mn) in the country.

Cabinet Debuts Its Meetings in New Alamein

Egypt's cabinet, headed by Prime Minister Mostafa Madbouly, held on July 25 its weekly meeting at the new headquarters located in New Alamein for the first time

PPP Act Amendments Passed to State Council for Review

Egypt's finance ministry has finalized proposed amendments to few provisions of the public-private partnership (PPP) act, which were already ratified by the cabinet and passed to the State Council for legal review ...

Cabinet Amends Regulations of Real Estate Funds

Egypt's cabinet issued a decree on June 11 to amend the executive regulations of "Capital Markets Act," governing real estate funds, in an attempt to facilitate and reduce burdens halting real estate investment.

Cabinet Allocates Land to Establish Ras Sudr Airport

Egypt's cabinet has approved the president's draft resolution to reallocate a state-owned land plot for the development of an international airport in Ras Sudr, South Sinai.

Cabinet Approves Funding Facilities for Water Projects in Egypt

Egypt's cabinet ratified during its Council of Ministers meeting on January 2 four agreements with preferential funding terms for water, sewage treatment, and sanitation projects in a number of governorates across ...

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