AREH 9-Month- Standalone Profit Falls

Egyptian exchange-listed company, Real Estate Egyptian Consortium (AREH), announces the nine- month- standalone- net profit after tax amounts to EGP 26 mn as opposed to its EGP 35.8 mn of last year

Egypt Aims to Cut Budget Deficit to 4-5% by 2022 – Minister

Egypt’s Finance Ministry aims to reduce the budget deficit each year by 1 to 1.5% to reach 4 or 5% by 2022

Egypt, IDB Plan USD 3 bn Cooperation Strategy

The Islamic Development Bank (IDB) plans a new cooperation strategy with Egypt

Milan to Resume Flights to Sharm El-Sheikh, Marsa Alam

Weekly low-cost flights between Milan and both Egypt’s Sharm El-Sheikh and Marsa Alam Cities will resume soon after a two-year halt

ICEC 2017 to Take Place Late October in Cairo

The third round of the Intelligent Cities Exhibition & Conference (ICEC) will be held from October 23 to 24 in Cairo

Invest-Gate Named Nile Property Expo Official Publication

Exclusively, Invest-Gate, the voice of real estate, is named the official publication of the Nile Property Expo to kick off in Abu Dhabi on its world tour mid December.

Egypt’s Core Inflation Dips to 33.26% in Sept

Egypt’s core inflation fell to 33.26% year-on-year in September from 34.86% in August

GAFI Approves Establishing 3 New Investment Zones

The General Authority for Investment and Free Zones (GAFI) approved the establishment of three investment zones in Cairo, Qalyubia, and 6th of October City

Egypt, Germany Ink EUR 320 mn Deals to Support Reform Program

Egypt and Germany signed three agreements worth EUR 320 mn on October 10 to support Egypt’s ongoing reform program

Egypt’s Heliopolis Records Housing Units Sale of EGP 68.5 mn in Sept

Real Estate developer Heliopolis Co for Housing and Development recorded EGP 68.5 mn in housing units’ total sales this month

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