Egypt’s business digest July 16: $2.5 mln grant to support housing projects in Egypt; 13.8 K foreign workers in Egypt in 2015
Building of Central Agency for Public Mobilization and Statistics (CAPMAS) - YOUM7 (Archive)

CAIRO: No more browsing from site to site, view the top business news stories on July 16 here:


$2.5 mln grant to support housing projects in Egypt: source

The Ministry of International Cooperation will allocate a $2.5 million grant from the Middle East and North Africa Transition Fund to support social housing projects, Youm7 quoted an official source at the ministry.

This comes as part of a cooperation protocol signed between both ministries of International Cooperation and Housing.


13.8 K foreign workers in Egypt in 2015: CAPMAS

The total number of foreign workers in the private and investment sector in Egypt has risen by three percent to reach 13,896 of different nationalities during 2015, compared to 13,486 workers in 2014, according to the Central Agency for Public Mobilization and Statistics (CAPMAS.)


USD exchange rate steady at 8.88 EGP Saturday

The exchange rate of the dollar against the Egyptian pound was steady Saturday, reaching 8.85 EGP for purchase and 8.88 EGP for sale, according to official statement by the Central Bank of Egypt.

The Euro exchange rate against the EGP reached 9.84 EGP for purchase and 9.86 for sale.


76.1 tons of various cargo crossed Suez Canal south waterway

A total of 76.1 thousand tons of grains, mineral fertilizers, chemicals and natural gas have crossed the waterway of Suez Canal heading from the south direction during the period from January to March of this year, Youm7 quoted Mohab Mamish, the head of the Suez Canal Authority.


Steel prices stable as turnout on purchase declined

Ahmed el-Zeiny, the head of building materials division at the Chamber of Commerce, said that the stability of steel prices in July came as a result of severe recession in the real estate market in Egypt during the holy month of Ramadan, which coincides with scorching heat and long workers’ leaves.

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