Day: September 20, 2023

The Central Bank of Egypt (CBE) will hold its sixth regular meeting of the year on Thursday to decide on the basic interest rates of the Egyptian pound, which affect the short-term interest rate in the local market. Most analysts expect the CBE to keep the rates unchanged this time,…

Mohamed Maait, the Minister of Finance and Egypt’s Governor at the Asian Infrastructure Investment Bank (AIIB), conducted a field tour to oversee the final preparations for hosting the AIIB meetings. The Ministry aims to ensure the success of the event and showcase Egypt’s distinguished status. The event is expected to…

Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda has called for new policies for concessional finance and the activation of mechanisms to de-risk financing and investment in climate action in developing countries. Mohieldin made the remarks at a roundtable…

A new report by the Climate Crisis Advisory Group (CCAG), a group of world-leading climate experts, has urged governments to embrace climate resilience as a guiding principle of urban development. The report, titled “Risk & Resilience: The role of cities in tackling the climate crisis,” argues that cities are at…

A delegation from Marriott International visited Al Jazi project, the first project to offer residential units with an international brand in Egypt’s real estate market. The delegation was welcomed by Tarek El Sayed, the CEO and Managing Director of ARTIC – Al Rayyan Tourism Investment Company, the parent company of…

O West, one of Orascom Development’s integrated towns in West Cairo, proudly showcased its exceptional residential projects, namely Spring Valley, Club Yard, and Core Apartments, during the twelfth edition of the Cityscape 2023 exhibition. These projects offer competitive payment plans tailored to meet all customer needs, featuring a 5% down…

Hyde Park Developments, a leading real estate developer in Egypt, has announced that it has achieved sales worth EGP 10bn until the end of August, out of a total target of EGP 12bn to EGP 13bn by the end of this year. The sales include the company’s various projects in…

Inertia Holding Group, a leading real estate developer in Egypt, has announced that it is focusing on accelerating construction rates in its existing projects as a key priority during the current period. The company has developed a strong investment plan for the current year to achieve the specified deliverables plan.…