World’s largest LNG-powered container ship completes maiden Suez Canal transit
The Suez Canal Authority (SCA) announced on Sunday that the world's largest and newest liquefied natural gas (LNG)-powered container ship, the CMA CGM GRAND PALAIS, successfully completed its maiden transit…
MSMEDA extends EGP 300m in microfinance to Tamkeen to support small enterprises
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a financing agreement worth EGP 300m with Tamkeen Microfinance, the microfinance arm of Al Ahly Capital, to expand funding…
Egypt targets 5.4% economic growth and EGP 3.7trn total investments in FY 2026/27
Egypt is targeting an economic growth rate of 5.4% and total investments of EGP 3.7trn for the upcoming fiscal year (FY) 2026/27, the Minister of Planning and Economic Development announced…
Al-Sisi orders stronger social protection, market oversight, and strategic goods security
President Abdel Fattah Al-Sisi has directed the government to reinforce strategic commodity reserves, intensify anti-inflation measures, and expand spending on healthcare, education, and social protection during a meeting with Prime…
Investment minister launches digital portal for Export, Import Control Authority services
Mohamed Farid, Minister of Investment and Foreign Trade, on Sunday launched a new electronic portal and automated system for services provided by the Environmental Verification and Authentication Unit and specialised…
Egypt targets $99bn in non-oil exports by 2030
Egypt is ramping up efforts to significantly expand its export base, with a strategic target of increasing non-oil exports to $99bn by 2030, Minister of Industry Khaled Hashem announced. Speaking…
TLD launches Westrict mixed-use project in Sheikh Zayed with Marriott partnership
TLD has announced the launch of Westrict, a new mixed-use development in Sheikh Zayed, which will include a Tribute Portfolio Hotel & Residences in partnership with Marriott International. The project…
Madbouly inspects offshore rig after major Mediterranean gas discovery
Egypt’s Prime Minister Mostafa Madbouly inspected the offshore drilling rig Al-Qaher 2 in the Mediterranean Sea following the successful drilling of the Dennis West 1X exploratory well in the Temsah…
Gates Developments Continues to Attract International Brands: French “Monoprix” Chooses SPACE to Launch its First Hypermarket in Zayed
Gates Developments has announced the signing of a strategic agreement with TMT for Trade and Distribution to open the first branch of the French hypermarket “Monoprix” in Sheikh Zayed City,…
The Spine: A practical application of special investment zones in Egypt
"The Spine" project has officially entered the implementation phase, marking its territory as one of the largest mixed-use developments in the country's history. At its core, the project is rooted…