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

GCC Countries Exert Efforts to Offer Affordable Housing

GCC countries are strengthening their efforts to give more access to affordable housing for low- and middle-income households.

Dubai Registers 150 Real Estate Projects Worth USD 22.34 bn in 2017

The Dubai Land Department (DLD) announced that 90 projects were completed and 150 projects worth USD 22.34 bn were registered in Dubai in 2017

Egypt to Start Construction of National Roads Project Phase III

The General Authority for Roads, Bridges and Land Transport (GARBLT) says it completed the blueprints for the third phase of the National Roads Project, set to be implemented immediately

Gov’t to Deliver 6,839 Units by Year-End

The government is to hand over new social housing units in 10 governorates by the end of this year, Invest-Gate reports.

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