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City Edge launches Baroque project in NAC during Cityscape Exhibition

City Edge Developments (CED) launched its new project Baroque to be established in the R5 area at the New Administrative Capital (NAC). The Baroque project is designed to revive the Khedivial Downtown Cairo with its architecture, gardens, roundabouts, and streets. Baroque’s architecture is characterised by the domes, massive use of decoration and ornaments, attention to …

Shaimaa Al-Aees

Sodic to invest EGP 3.7bn in constructions in 2019

The Six of October Development & Investment (SODIC) plans to direct EGP 3.7bn in projects’ constructions in 2019, according to its Managing Director and board member, Maged Sherif. Sherif told Daily News Egypt that the company is pumping EGP 1.45bn for paying lands’ cost in 2019. Additionally, Sherif noted that the company has invested EGP …

Shaimaa Al-Aees

Hazim Arafa, President of the Aswan City Authority, stated that 23 contracting companies will compete to establish 1880 new units in a new social housing project known as the “One million units” project. (AFP Photo)

Ancient port used for transferring bricks, rocks discovered in Aswan   

The Ministry of Antiquities announced on Tuesday the discovery of the main port in Aswan which was used to transfer giant rocks and bricks used in building temples across the Nile. The discovery was unearthed by an Egyptian mission working in Gebel El-Silsila’s archaeological area. The announcement came a day after the Minister of Antiquities, …

Daily News Egypt

Court upholds adding 154 defendants to terrorist list

Egypt’s Court of Cassation upheld on Tuesday the Cairo Criminal Court’s previous ruling to add 154 defendants to the terrorist list. They defendants were accused of forming a group in violation of the law, planning to train militant groups in order to kill police and army personnel, and attacking Christians. The case is called ‘Hasm …

Daily News Egypt

Consumer credit slightly increased in 2019 compared to late 2018: Trading Economics

According to Trading Economics-a leading tracker of 196 countries for more than 20m economic indicators, exchange rates, stock market indexes, government bond yields and commodity prices-consumer credit in Egypt increased to EGP 317,376m in January 2019, from EGP 312,427m in December 2018. Consumer credit in Egypt averaged EGP 12,300,9.84m from 2004 until 2019, reaching an …

Doaa A. Moneam