
Prime Minister Ibrahim Mahlab on Wednesday approved draft decrees that include a new US$500 million project that is planned to improve access to homeownership for low-income households in cooperation with the World Bank.
The Egypt Inclusive Housing Finance Program, approved by the World Bank’s Board of Directors, is part of the Egypt’s Social Housing Program which was launched in 2014 to provide one million houses and secure suitable residences for low-income families.
During the cabinet's meeting, Mahlab passed also another decree on a cooperation agreement signed between Egypt and Ethiopia on September 3, 2014.
Under the agreement, both sides are expected to take actions to diversify and boost trade connections.
The deal encourages representatives from trade groups and manufacturers to exchange visits and organize exhibits for products in both states.
Also, Mahlab accepted a request from the Egyptian Authority for Maritime Safety to give floating hotels' owner a one-year grace of out-water technical check for ships. Under the request, underwater photography would be the only way during that year to check up safety standards at the hotels.
The prime minister approved another draft on assignment by direct orders for 13 projects.
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor