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

Establishment of 1st Egypt-Sudan Railway Line: Minister

Minister of Transport Kamel El Wazir said Egypt is building a 6,000-kilometer rail line, connecting Upper Egypt with Sudan, as part of the efforts to facilitate trading between the two countries.

Gov’t Holds 1st Meeting for Egypt’s Participation in Expo 2020

The Ministry of Trade and Industry held the first meeting of the National Coordinating Committee to discuss Egypt’s participation in Expo 2020 Dubai

Imkan Obtains Land Plot in New Cairo

Imkan Properties, the real estate arm of Abu Dhabi Capital Group (ADCG), has been allotted a 166-acre plot in New Cairo by the Ministry of Housing, Utilities, and Urban Communities, worth a total of EGP 5 bn.

Gov’t Announces New Fuel Prices Under IMF Deal

Egypt’s petroleum ministry announced on July 5 raising fuel prices between 16% and 30%, marking the latest round of fuel subsidy cuts

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