Egypt’s long-term external debt increased in 2019 to USD 90.6 bn- up from the USD 80.6 bn recorded in 2018 - with USD90.3 bn of this debt acquired by the public sector, according to the World Bank’s international dept statistics report 2021, Ahram Online reports.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 1,016 factories are underway in 10th of Ramadan City, with investments estimated at EGP 3 bn.

Egypt’s housing ministry has issued a frequently asked questions (FAQs) booklet for queries on “reconciliation in building violations” law, which aims to legalize the status of violators’ properties.

Egypt's housing ministry will soon issue a frequently asked questions (FAQs) booklet for inquiries on "reconciliation in building violations" law, which aims to codify building code infringements and legalize the status of violators' properties

Egypt's cabinet ratified on August 22 a concession agreement to design, construct, manage, operate, and maintain a multi-purpose terminal at East Port Said Port, located east of the Suez Canal’s northern entrance.

New Aswan has witnessed the finalization of 236 social housing buildings, while 100 others are still underway.

Egypt's Supreme Council for Planning and Urban Development has approved allocating 15,000 acres for setting up a new city in the Upper Egypt governorate of Minya, dubbed "New Bani Mazar," aiming to develop an urban community that hosts distinct types of residences.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that 1,080 distinguished housing units, spreading out over 80 buildings, have been finalized in New Alamein, out of the total 1,920 apartments underway.

The European Union (EU) is to allocate an approximate amount of EUR 110 mn to finance Egyptian projects in various sectors within the upcoming period, coming as part of the EUR 500 mn Single Support Framework (SSF) 2017-2020.

Egypt's Ministry of Finance denied news circulated on any fundamental amendments made to the income tax and value-added tax (VAT) laws.