Wednesday 24 August 2016
 
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Egypt

Crystal Lagoons to showcase Egypt projects at Cityscape

Crystal Lagoons, a global developer of giant crystal-clear lagoons, has announced two new project wins in Egypt, bringing its total portfolio of active and under-development projects in the Middle East and India to 15. The company

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Crystal Lagoons to showcase Egypt projects at Cityscape

Crystal Lagoons, a global developer of giant crystal-clear lagoons, has announced two new project wins in Egypt, bringing its total portfolio of active and under-development projects in the Middle East and India to 15. The company

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Egypt plans to lift fuel subsidies in three years

Egypt plans to lift fuel subsidies within three years and is aiming to increase fuel prices to 65 per cent of their actual cost during the 2016/17 fiscal year, two government sources told Reuters on Tuesday. Egypt, which is strugg

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Egypt plans to lift fuel subsidies in three years

Egypt plans to lift fuel subsidies within three years and is aiming to increase fuel prices to 65 per cent of their actual cost during the 2016/17 fiscal year, two government sources told Reuters on Tuesday. Egypt, which is strugg

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UAE to provide Egypt with 6-year, $1bn deposit

The United Arab Emirates has agreed to provide Egypt's central bank with a $1 billion deposit for a duration of six years, the United Arab Emirates' official state news agency WAM said on Monday. Egypt this month

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Pact on track to complete White Bay Phase One

Egypt’s Pact Real Estate is currently working on completing the first phase in the development of its first project White Bay in the North Coast, estimated to be worth EGP1.7 billion ($191 million), a report said. The projec

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Egypt launches $1.8bn project for 116,000 homes

Egypt’s New Urban Communities Authority (NUCA) has launched a project valued at EGP16 billion ($1.8 billion) to build 116,000 housing units in 6th of October City for the middle-income segment, a report said. A total of 42,7

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In Egypt, IMF deal brings austerity few can afford

A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt fur

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Egypt outlook stable says Moody's report

Moody's Investors Service has affirmed Egypt's long-term issuer and senior unsecured bond ratings at B3 and it said the outlook remains stable for the country. The rating affirmation is based on Moody's view that the B

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Egypt to receive $2bn deposit from Saudi Arabia

Egypt is to receive a $2 billion deposit from Saudi Arabia, International Cooperation Minister Sahar Nasr said on Thursday. She did not specify when the money was expected to arrive, saying in a message: "We only signed ... t

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