Egypt's weather forecast indicates a chance of rain and thunderstorms in the coming days, with temperatures expected to drop. The Egyptian Meteorological Authority warned of unstable weather conditions, with rain expected to hit the western coast and potentially extend to some areas of Greater Cairo. Temperatures are expected to range between 31 and 33 degrees Celsius.
In response to concerns over bread prices, Khaled Fekri, head of the Cairo Chamber of Commerce's bakery division, stated that there have been no price increases for tourist and fine bread. The bakery sector remains committed to the ministerial directive 6 of 2026, which sets specific weights and prices for bread. The directive determines the prices and weights of fine bread and tourist bread.
Media personality Mohamed Ali Khair reported being targeted by a scam via the InstaPay application. He received a call from someone claiming to be an employee of the application, stating that his account was suspended and required a tax payment of 6 pounds. The caller sent him a number belonging to someone named "Nesma," sparking Khair's suspicion.
The Egyptian government is preparing to introduce new regulations for the real estate market, including rules for managing project funds, launching project phases, and delivery dates. The proposed law aims to regulate the market and establish a union for real estate developers. The law will be divided into two parts, with the first part covering regulations and the second part focusing on the establishment of the developers' union.
The real estate market regulations aim to provide a framework for dealing with developer violations, maintenance funds, and dispute resolution. According to Tarek Shukri, head of the Real Estate Development Chamber at the Union of Industries and head of the Economic Committee in the House of Representatives, the government has decided to combine the regulation of the market and the establishment of the developers' union into one law.
The Egyptian government plans to finalize the draft law and approve it in the Council of Ministers by the end of October, before submitting it to the House of Representatives. This move is expected to bring more stability and organization to the real estate market.
Meanwhile, the prices of subsidized bread remain stable, with the government maintaining its commitment to providing affordable bread to citizens. The Ministry of Supply and Internal Trade has confirmed that there will be no increase in bread prices, with the aim of protecting citizens from price fluctuations.
Key points
- The Egyptian government is introducing new regulations for the real estate market to provide a framework for managing project funds and dealing with developer violations.
