Egypt Blooming to be Breakout Nation: Morgan Stanley

American investment bank Morgan Stanley indicates that Egypt’s reform program, including EGP flotation and successive rounds of subsidy cuts, alongside public investment in infrastructure, energy, and various mega ...

Shuaa Repels Hikes in Property Prices Under Fuel Price Rises

Dubai-based financial services provider Shuaa Capital expects real estate developers to not raise property prices under the latest round of fuel price hikes, arguing that the increase may reduce demand and eventua ...

June Annual Headline Inflation Hits Lowest Level in 3 Yrs

The Central Agency for Public Mobilization and Statistics (CAPMAS) has indicated that Egypt's annual headline inflation has plummeted to 9.4% in June from 14.1% a month earlier for the first time in 2019 and the l ...

Egypt Inks EUR 2 bn Electricity Deal with Cyprus, Greece

Egypt has inked a cooperation agreement worth about EUR 2 bn with Cyprus-based EuroAfrica Interconnector to link the power grids of Egypt, Cyprus, and Greece through Crete, the latter's largest island, aiming to t ...

Egypt’s Property Prices Hike by 75% Since EGP Flotation

Real estate prices in the Egyptian market have hiked by an average of 75% since the EGP flotation in November 2016 until now, backed by rises in implementation costs and materials.

Oscar Misr Uncovers 3 Projects in New Cairo

Oscar Misr Developments is planning to launch three new projects during the current year in Beit Al Watan housing project, New Cairo, with investments worth EGP 35 mn.

Annual Core Inflation Up to 8.86% in October: CBE

The Central of Egypt Bank (CBE) announced on November 11 that the annual core inflation jumped to 8.9% YoY in October, up from 8.6% in September, another leap in Egypt’s inflation indicators during the same month

Dar Misr Price EGP 33,000 Per Square Meter For Commercial Units

Following a public auction for commercial units at Dar Misr project in Sadat City, including six shops and a pharmacy, the City’s Development Authority reported that the cost per square meter has reached EGP 33,600 a ...

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