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Gov’t approve amendments on microfinance
LEGISLATION WATCH- Gov’t sets capital requirements for non-bank SME funders: The Madbouly Cabinet approved yesterday draft amendments to the 2014…
DEVELOPMENT
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HHD to decide draft contracts for stake sale + management next month
PRIVATIZATION WATCH- HHD to decide on draft contracts for 10% stake + management rights next month: Heliopolis Housing and Development…
Giza Zoo development plan in place worth EGP 400 mn
The Giza Zoo is getting a EGP 400 mn facelift to improve several parts of the zoo and animal enclosures,…
Egypt’s HHD to auction land plots in El Shorouk
Heliopolis Housing and Development (HHD) is auctioning today an undisclosed number of land plots in Shorouk City, according to the…
Communications Ministry to inaugurate first AI center in 1Q2020
The Communications Ministry is planning to inaugurate in three months Egypt’s first artificial intelligence (AI) research center in Smart Village,…
EBRD plans to extend USD 400 mn to Egyptian banks to lend to SMEs
The European Bank for Reconstruction and Development (EBRD) could extend USD 400 mn in loans to unnamed local banks to…
Egypt’s Madinet Nasr awards EGP 5 bn work to contractors
Real estate developer Madinet Nasr for Housing (MNHD) has awarded EGP 5 bn of work to contractors, including Redcon Construction…
Investors in Assiut blame IDA for 1,000 suspended factories
Investors in Assiut are blaming the Industrial Development Authority for stalling the process of granting industrial permits to 1k factories…
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