Egypt reviews measures to secure electricity supply, optimise fuel use
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, chaired a strategic committee meeting to review the implementation of government measures aimed at reducing electricity consumption, lowering fuel use, and…
FRA chair approves licences for 10 firms in non-banking financial activities
Islam Azzam, Chairperson of Egypt’s Financial Regulatory Authority (FRA), has approved a series of decisions issued by the Committee for the Establishment and Licensing of Companies operating under the Authority’s…
Egypt arrests senior leader of MB-linked Hasm terror group over presidential plane plot
Egyptian authorities have arrested Ali Mahmoud Mohammed Abdel Wanis, a senior leader within the MB-linked Hasm terror group, for his role in a plot to target the presidential aircraft with…
Grounds Developments enters Red Sea market with Tamaraya project in South Hurghada
Grounds Developments has announced its entry into Egypt’s Red Sea market with the launch of its first coastal project, Tamaraya, located in South Hurghada. The company, founded by Youssef Fekry…
Qasatli introduces lower-rate mortgage model to expand access for underserved segments
Qasatli is rolling out a new mortgage financing model aimed at widening access to housing finance in Egypt, with a particular focus on segments traditionally underserved by large financial institutions.…
Nakheel Developments launches LIVYN residential project in Shorouk
Nakheel Developments has announced the launch of its latest residential project, LIVYN, strategically located on Suez Road in Shorouk City. The project marks a step forward in the company’s expansion…
Egypt-UAE partnership launches VIE Communities to develop Zomra East services zone with EGP 91bn sales target
VIE Communities has officially entered the Egyptian market, marking a new Egypt-UAE collaboration in the real estate sector. The company operates as an Egyptian joint-stock firm specializing in investment, development,…
Regional tensions redirect capital, strengthening Egypt’s real estate appeal
Ongoing geopolitical tensions and conflicts across the Middle East are reshaping regional investment flows, with capital increasingly shifting toward markets perceived as more stable and resilient. In this evolving landscape,…
Egyptian Delegation in Washington Boosts U.S.–Africa Infrastructure Cooperation
An Egyptian delegation of leading construction companies has concluded a high-level visit to Washington, D.C., aimed at strengthening U.S.–Egypt cooperation across Africa’s rapidly growing infrastructure sector. The mission was led…
Banks in Egypt post EGP 601.6bn in net profits in 2025: CBE
The Central Bank of Egypt (CBE) said banks operating in the Egyptian market recorded net profits of EGP 601.612bn in December 2025, up from EGP 433.772bn in September. According to…
