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Infrastructure 
Heliopolis Housing aims to reduce debt by 50% in coming fiscal year
Real estate developer Heliopolis Housing is looking to reduce its debt by 50%, grow revenues to more than EGP 3.1…
Egypt signs agreement with AUC and King’s College to boost gov’t efficiency
The Planning Ministry has signed an agreement with the American University in Cairo and King’s College in London to train…
NUCA agrees with Egyptian banks on EGP 6 bn loan
The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet…
Government to set cost-to-income ratio at 70% under new banks tax treatment
EXCLUSIVE- Gov’t to set cost-to-income ratio at 70% under new bank tax treatment of investments in treasuries, plans to scrap…
World Bank gives final approval for USD 200 mn SME loan
The World Bank has given final approval to a USD 200 mn loan to support entrepreneurship and SMEs in Egypt,…
Ongoing constitutional referendum dominates Egypt’s airwaves
The ongoing constitutional referendum dominated the airwaves last night. Al Hekaya took note of almost every senior figure who voted…
How did Egypt do on the 2019 Global Competitiveness Index? It’s best not to look.
How did Egypt do on the 2019 Global Competitiveness Index? It’s best not to look: Egypt is ranked 96th globally…
Financing gap to increase to EGP 820 bn in FY2019-20
EXCLUSIVE- Egypt’s financing gap is expected to widen to EGP 820 bn in FY2019-20: The Finance Ministry expects the budget…
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