Egypt’s Foreign Reserves Increase to USD 38.43 bn
Egypt's foreign reserves have increased to USD 38.425 bn at the end of September 2020 from USD 38.366 bn at the end of August, the Central Bank of Egypt (CBE) announced on October 7.
El Gazzar Extends Working Hours in New Cities for Reconciliation
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced the extension of working hours to 5 pm in the technological centers across new cities.
Egypt Raises Investment Budget to EGP 230 bn for FY 2020/21: PM
Egypt’s Prime Minister Mostafa Madbouly announced the proposed investment budget for FY 2020/2021 from EGP 150 to 230 bn, Invest-Gate reports.
Heliopolis Housing Expects EGP 562.129 mn Profits in FY 2020/21
Heliopolis Company for Housing and Development modified its targeted net profit for FY 2020/2021 to be EGP 562.129 mn instead of EGP 1.214 bn
Saudi Arabia to Isolate Dammam Over Coronavirus
Saudi Arabia will isolate the industrial area of Dammam from May 3, preventing entry and exit until further notice, to curb the spread of the new coronavirus, state news agency SPA reports.
Egypt Might See Slow Growth Due to Coronavirus: Minister
Planning Minister Hala El Saeed said Egypt endeavors to see a growth of 3.5% in FY 2020/21, yet this figure could cripple to 2% if the coronavirus pandemic continues till December.
Oman Calls Public Firms to Replace Foreign Workers
Oman's finance ministry asked state companies on April 29 to replace foreign workers with locals, as part of efforts to develop the national workforce,
Tourism Minister Revokes Hotel License Over Coronavirus Layoffs
Tourism and Antiquities Minister Khaled El Anany issued a decision on April 26 to revoke the license of a leading hotel in Sharm El-Sheikh after it laid off all workers due to the coronavirus pandemic
Red Sea Resumes Tourist Cruises After 2-Week Suspension
Red Sea Governor Amr Hanafy issued a decision on April 25 that allows all tourist cruises and boats to resume operations across the governorate as long as all preventive and precautionary measures are taken to cur ...
Housing Minister Follows up on Mountain View’s Projects
Minister of Housing, Utilities and Urban Communities Assem El Gazzar met with officials from Mountain View Real Estate and Urban Development Company, to follow-up on the precautionary measures the company took to ...
