Gov’t Imposes Temporary Tariffs on Steel, Iron Imports

Egypt's Ministry of Finance has commenced the imposition of temporary fees of 15% on iron billets and 25% on steel rebar for 180 days, starting April 15.

Gov’t to Soon Finalize 707,000 Social Housing Units: Official

CEO of Mortgage Finance Fund (MFF) Mai Abdel Hamid has unveiled that a total of 707,000 social housing units are being finalized to accommodate 226,000 citizens, which will be complemented with 761,000 service pro ...

CBE Reports USD 44.11 bn Foreign Reserves by End-March

The Central Bank of Egypt (CBE) announced on April 3 that the country’s net foreign reserves climbed to USD 44.11 bn at the end of March, up from USD 44.06 bn a month earlier.

Sawiris Plans for USD 2 bn Tourism Projects in North Coast

Egyptian tycoon Naguib Sawiris has revealed his intentions to pump investments estimated at USD 2 bn into the Egyptian tourism sector, namely in the North coast, to join the host of tourism projects being implemen ...

Gov’t Officials Agree to Raise Mortgages by EGP 40 bn

Mortgage Finance Fund's (MFF) board of directors have signed a cooperation protocol with the finance ministry to raise the value of mortgages provided to low-income citizens by an additional EGP 40 bn, bringing th ...

Egypt’s Urban Inflation Rises to 14.4% in February

The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported that the annual headline inflation rate reached 14.4% in February 2019, compared to 12.7% in the prior month.

Net Foreign Reserves Hit USD 44.06 bn by February-End: CBE

The Central Bank of Egypt (CBE) announced on March 4 that the net foreign reserves surged to USD 44.060 bn at the end of February, up from USD 42.616 bn a month earlier

CBE Sets New Measures for Mortgage Finance Initiative

The Central Bank of Egypt (CBE) has put in place new policies and measures on the bank's mortgage finance initiative and its subsequent amendments, limiting it to financing low-income citizens only.

CBE Lowers Interest Rates by 1%

The Central Bank of Egypt (CBE) announced that its Monetary Policy Committee (MPC) decided to cut interest rates by 1%

Gov’t to Provide Export Incentives for Construction Sector: Official

Khaled Abbas, deputy minister of housing for national projects, said that the housing ministry is currently seeking to provide export incentives to support the construction sector.

Page 8 of 12

Login

Welcome! Login in to your account

Remember meLost your password?

Don't have account. Register

Lost Password

Register