GOVERNMENT

20 Oct 2019

Q4 expected to boost real estate sales unlike previous three quarters

Cairo: Recently, Egyptian government has announced several mega real estate projects that support the sector and bridge the gap between supply and demand by building new affordable cities across Egypt such as New Administrative Capital, New Mansoura, New Alaimen, New Fayoum city, New Aswan"...

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20 Oct 2019

PM’s visit to Egypt to further boost ties, says Al-Thuwaikh

CAIRO, Oct 19, (KUNA): The upcoming visit by the Prime Minister of Kuwait, His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, will further boost the strong relations with Egypt, said a Kuwaiti diplomat Saturday.

Speaking"...

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20 Oct 2019

Kuwaiti Prime Minister’s Egypt visit to boost ties: Deputy Foreign Minister

KUWAIT: The anticipated visit of His Highness the Premier Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah to Egypt is bound to boost already distinguished bilateral ties, said a senior diplomat yesterday. Deputy Foreign Minister Khaled Al-Jarallah said the two-day visit, slated for today, would"...

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16 Oct 2019

Al-Sisi receives delegation of Egyptian investors abroad ahead of Egypt Can conference

President Abdel Fattah Al-Sisi received a delegation of Egyptian investors abroad who will participate in the fifth “Egypt Can” conference, on Tuesday.

The conference will be held from 16-17 October"...

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13 Oct 2019

PM urges enhanced transport between Jordan, Egypt and Iraq

Amman, Oct 12 (Petra) –– Prime Minister Omar Razzaz on Saturday stressed the importance of forging closer relations in the transport sector between Jordan, Egypt and Iraq, to achieve integration between the three countries.

In a meeting with Egyptian Minister of"...

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09 Oct 2019

Government investments reach LE140 billion in 2019: Madbouli

CAIRO - 8 October 2019: 'The state's investment plan increased by 40 percent from 2018 to 2019, It reached LE 100 billion in 2018 and jumped to LE 140 billion in 2019; we need 10 times that number to meet the aspirations and needs of the Egyptian people,' Madbouli said on Tuesday....

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07 Oct 2019

Assar, Bulgaria's VMZ discuss bilateral cooperation

Cairo: State Minister for Military Production Mohamed Saaed el Assar discussed with Atanas Bogdanov, Chairman of the Board of Directors of Bulgarian state-owned arms manufacturer VMZ Sopot boosting bilateral cooperation.

During"...

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02 Oct 2019

Government stabilises fuel prices as hedging contracts defy oil fluctuations

The Egyptian government is seeking to stabilise the prices of petroleum products in the domestic market, for the next three months. It comes amid the stability of the value of hedging contracts against the rise of oil prices on the world market signed at the beginning of the second quarter"...

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01 Oct 2019

Sovereignty Fund’s board to approve ownership transferring of public land areas soon: Planning Minister

The soon to be announced Sovereignty Wealth Fund’s (SWF) board will approve the transference of a number of public land areas’ ownership to the fund’s properties, said Minister of Planning, Monitoring, and Administrative Reform Hala El-Said.

“There"...

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30 Sep 2019

Government to issue EGP 582.5bn worth of T-Bills, T-Bonds in Q2 FY 2019/20

Figures obtained by Daily News Egypt revealed that the government intends to expand borrowing from the local market by EGP 582.5bn, to bridge the chronic deficit in the state budget during the second quarter (Q2) of the fiscal year (FY) 2019/20.

According"...

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