Hassan Allam Properties grows presence in Mostakbal City with 279-feddan expansion
Hassan Allam Properties (HAP), a leading real estate developer in Egypt, has acquired a new 279-feddan land plot in MIDAR’s Mostakbal City, marking a significant expansion in one of Egypt’s…
Al Ahly Sabbour unveils EGP 135bn Summer, At-East projects, signaling new era in Egyptian real estate
Al Ahly Sabbour has announced the launch of the “Summer” project in Ras Al Hekma and “At-East” in Mostakbal City, with a combined investment of EGP 135bn. In the first…
Al Qamzi Developments inks EGP 900m deal with Dar Al-Alamiah for Seazen project’s second phase
Al Qamzi Developments has forged a significant deal with Dar Alalamia Construction for the second phase of the esteemed Seazen project along the North Coast, valued at EGP 900m. This…
More Egyptian companies embrace technology amidst 2024 business outlook
34% of Egyptian companies are adopting friendshoring, similar number are dual-sourcing to mitigate increased risks
CIB, EFG depositary receipts continue to rise on London Stock Exchange
The depositary receipts of CIB and EFG Holdings sustained their upward trajectory on the London Stock Exchange, marking the second consecutive week of gains. CIB’s depositary receipt climbed by 19.8%,…
Shell invests $10-15bn in low-carbon energy solutions from 2023-2025
Shell has released its inaugural energy transition progress report following the introduction of its Powering Progress strategy in 2021. During our Capital Markets Day in June 2023, we highlighted how…
Egypt’s general treasury allocates over EGP 818bn to Social Insurance Authority in 55 months
Finance Minister Mohamed Maait announced that following President Abdel Fattah Al-Sisi’s directives, the government has upheld its commitment to the financial resolution agreement with the National Social Insurance Authority. This…
Strategic investment in higher education: Pathway to national development, global competitiveness
Hala El-Said, Egypt’s Minister of Planning and Economic Development, convened with Ayman Ashour, Minister of Higher Education and Scientific Research, to strategize on the Ministry’s investment plan for the fiscal…
China anticipates 5% growth, surpassing World Bank, IMF forecasts
The Chinese government’s work report for 2024 sets an ambitious 5% economic growth target, surpassing not only previous forecasts by the IMF and World Bank but also the projected growth…
EU allocates €7.4bn financial package for Egypt spanning 2024-2027
The EU has elevated its cooperation with Egypt to a Strategic and Comprehensive Partnership. In support of this, the EU proposed a €7.4bn financial and investment package for Egypt spanning…