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Egypt implements 9,680 social housing units in Sadat city – official
Egypt's Housing Ministry has implemented 9,680 social housing units in Sadat city, according to the Deputy…
Egypt approves FY2020/21 draft budget, targets 6.3% deficit decline
Egypt’s cabinet has initially approved the FY2020/2021 draft budget. It aims at maintaining the country's financial…
Major property fair MIPIM in Cannes called off due to coronavirus pandemic
The yearly international property fair MIPIM originally rescheduled for June 2-5 in Cannes, France, has been…
Coronavirus drives Egypt to slash FY 2019-2020 GDP growth target to 5.1% – minister
Egypt has cut its GDP growth target for the current financial year 2019-20 to 5.1 percent from 5.6 percent due to…
Fed’s Powel says U.S. may be in recession
The U.S. “may well be in recession” but progress in controlling the spread of the coronavirus will dictate when the…
5 Egyptian insurers vying to win Cairo Opera House policy bid
Four insurance companies are competing to win an insurance policy tender launched by General Authority For National…
Egypt assigns EGP 3.8 bln to support healthcare system amid coronavirus outbreak
Egypt has allocated EGP 3.8 billion to support the healthcare sector since the beginning of March, including…
NBE, Banque Misr high yield certificates attract EGP24.9bln in 4 days
The National Bank of Egypt and Banque Misr have sold 24.9 billion Egyptian pounds of their new high-yielding…
MSMEDA injects EGP10mln to covert to convert cars to natgas
Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a 10 million Egyptian pounds deal with…
Egypt’s stock exchange, Banks shorten working hours
The Central Bank of Egypt (CBE) has shortened the working hours for the banking system as well as Egyptian stock…