Egyptian Government Takes Measures to Support Real Estate Developers

Madbouly notes that the government will consider projects finished when they're 85% complete, down from 90% previously, giving developers the chance to complete the remaining 15% of construction at their own pace ...

Egypt Ups Gas Prices By 109% For Cement Industry

The Egyptian government increases the price of natural gas supplied to the cement industry by 109% to $12 per million British thermal units, Invest-Gate reports.

Councils of New Cities Start Preparing for Winter Season

The Minister of Housing, Utilities, and Urban Communities Essam El-Gazzar states that the councils of new cities launched measures to prepare for the coming winter season, Invest-Gate reports.

The Prime Minister Inaugurates First Phase of I-City Project

Prime Minister Mostafa Madbouly, accompanied by Dr. Assem El-Gazzar, Minister of Housing, inaugurate the first phase of I-City project in New Cairo implemented by Mountain View.

“Al Qubbah” Palace To Host The 4th Edition of National Expo 2021

For the first time in Egypt, Al Qubbah Presidential Palace will host the fourth edition of the real estate fair, “The National Expo 2021”, as a major real estate event during the period July 9- 11.

Dubai Property Sales Boost to USD 5.99bn in Q4 2020

A record of 2,485 secondary and ready property transactions worth USD1.67 bn have taken place in December 2020, increasing the total value of the fourth quarter sales in Dubai to USD5.99 bn

CBE Attracts More Than EGP 21 bn From T-Bills

The Central Bank of Egypt (CBE) has successfully secured more than EGP 21 bn in investments from the EGP treasury bills (T-Bills).

El Saeed Signals EGP 30 bn Stimulus Plan

Planning and Economic Development Minister Hala El Saeed revealed the government is preparing a new stimulus package that will be similar to the EGP 30 bn approved during the 2008/2009 financial crisis

CBE to Support Stock Market with EGP 20 bn: Sisi

President Abdel-Fattah El-Sisi said on March 22 the Central Bank of Egypt (CBE) will allocate EGP 20 billion to support the stock Exchange during the economic slowdown caused by the coronavirus pandemic

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