Egypt’s Real estate sales in 2020 will remain subdued: Pharos

Diversification is key for Egypt’s real estate sector

Daily News Egypt

Egypt’s Tourism Ministry provides financial support of EGP 10m for developing tourist destinations

This fund is considered outside the mandate of the Tourism development Authority (TDA).

Nehal Samir

PHD & Sarwa Capital conclude the fourth securitisation transaction of EGP776m receivables portfolio

The three tranches received ratings of AA+, AA, and A by Middle East Ratings and Investors Service (MERIS). The transaction’s net proceeds will be mainly utilised in the settlement of…

Daily News Egypt

Erdogan discusses Syria’s invasion with Putin, Tusk calls on Turkey to pull out troops

Al Assad is ready to support any popular resistance against Turkish invasion

Bassant Mohammed

Netanyahu fails for second time to form a government

Eyes turn of Blue and White party’s Gantz to be handed the opportunity 

Daily News Egypt

Egypt’s parliament approves loans to upgrade Metro’s first line, climate resilience, establish Abu El-Rish’s Outpatient Clinics

 During Monday’s plenary session, the parliament approved a €205m loan agreement to upgrade the first line of the Cairo Metro. The agreement was signed with the European Bank for Reconstruction…

Bassant Mohammed

Parliament’s Human Rights Committee to continue working on granting presidential pardon for imprisoned youth

The committee will hold regular meetings with ambassadors of the European Union, North and South America, and Arab states, says Head of Egypt’s Parliament Committee of Human Rights

Daily News Egypt

Lonely Planet lists Cairo as the world’s third top destination for 2020 

“For Red Sea and Luxor holidaymakers, a Pyramids and GEM add-on will also become a doddle with Giza's newly inaugurated Sphinx Airport set to operate domestic flights,” Lonely Planet said.

Daily News Egypt

Egypt’s total gas consumption records 5.97bn scf/day in FY 2018/19 

EGAS revealed that Electricity Ministry received 62.3% of locally consumed gas 

Mohamed Adel