Egypt’s FRA outlines insurance sector overhaul, tenfold capital requirement at African conference
The Egyptian Financial Regulatory Authority (FRA) has approved two companies to issue insurance policies using financial technology and is processing applications from over 10 others, FRA Chairperson Islam Azzam announced…
Alaa El-Zoheiry elected President of African Insurance Organisation for 2026-2027 term
Alaa El-Zoheiry, Chairperson of the Insurance Federation of Egypt (IFE), has been elected President of the African Insurance Organisation (AIO) for the 2026-2027 term, succeeding Ethiopia. The announcement was made…
Egypt’s non-banking financial sector serves over 60 million citizens, provides EGP 1.4trn in financing: Planning minister
Egypt’s non-banking financial sector, regulated by the Financial Regulatory Authority (FRA), serves more than 60 million citizens and provided financing worth EGP 1.4trn in 2025, according to Ahmed Rostom, Minister…
IPO programme to deepen financial markets, expand private sector role: Investment minister
Mohamed Farid, Minister of Investment and Foreign Trade, said the government is moving forward with its state offerings programme as part of broader efforts to strengthen the role of the…
NBE partners with Belmazad.com to digitize asset sales, auctions
Belmazad.com has signed an operating agreement with the National Bank of Egypt (NBE) to digitize asset marketing and sales, enhancing efficiency, transparency, and reach through electronic public auctions. Mahmoud Farahat,…
Illume Societies launches EGP 4.5bn ‘Illume Residence’ in New Cairo’s Sixth Settlement
Illume Societies has announced the launch of its new residential development, Illume Residence, in the Sixth Settlement area of New Cairo, with planned investments estimated at EGP 4.5bn. The project…
Jadeer Developments launches EGP 10bn ‘Chapters’ residential project in New Capital
Jadeer Developments has unveiled its latest flagship project, Chapters, in the R8 district of Egypt’s New Administrative Capital, with planned investments exceeding EGP 10bn. Spanning approximately 33 feddans, Chapters will…
Egypt’s North Coast captures one-third of national real estate sales
Egypt’s North Coast has reinforced its position as one of the country’s fastest-growing real estate markets, accounting for nearly one-third of total gated-community sales nationwide over the past two years,…
PIF, Talaat Moustafa Group Saudi sign MoU to explore mixed-use developments across Saudi Arabia
Saudi Arabia’s Public Investment Fund (PIF) and Talaat Moustafa Group Saudi for Real Estate Development (TMG Saudi) have signed a Memorandum of Understanding (MoU) to explore collaboration opportunities in mixed-use…
Talaat Moustafa Group Launches Unprecedented Offer at SouthMED
Talaat Moustafa Group (TMG) has announced the launch of new units at its SouthMED project, offering exclusive plans that include reservation down payments starting from just 1.5% and flexible payment…