Gold prices drop EGP 150 in local market despite global gains
Gold prices in Egypt’s local market declined by EGP 150, or 2.2%, over the past week, even as global gold prices posted gains, reflecting a correction driven by a narrowing…
Egypt’s FRA launches digital factoring portal to curb financing risks
Egypt’s Financial Regulatory Authority (FRA) has launched a digital factoring system on its electronic portal in partnership with e-finance to prevent double financing risks and streamline oversight of the sector,…
EgyptAnode prepares to launch second production line
The Egyptian Carbon Anode Blocks Company (EgyptAnode), a subsidiary of the Metallurgical Industries Holding Company under the Ministry of Public Enterprises Sector, is continuing to accelerate its operational expansion as…
Suez Canal revenues hit $449m in early 2026 as regional stability returns
Suez Canal revenues reached $449m since the beginning of 2026, marking a recovery following a ceasefire in Gaza that restored regional stability, Suez Canal Authority (SCA) Chairperson Osama Rabie said…
Talaat Moustafa Group, EEP to build EGP 8bn university in Noor City
Talaat Moustafa Group (TMG) has signed a strategic partnership agreement with Egypt Education Platform (EEP) to establish a private university in Noor City with a total investment cost of EGP…
Eden Development plans EGP 3bn in real estate investments during 2026
Eden Development has announced plans to invest approximately EGP 3bn in real estate projects in 2026, as part of an expansion strategy spanning both Egypt and Georgia. The company revealed…
MIDAR announces EGP 200bn in new investments over past year
MIDAR for Investment and Urban Development has held an event at the Cairo Opera House to mark its 20th anniversary, during which it reviewed its recent performance and announced a…
Torasna, Brassbell form alliance to advance heritage-led hospitality developments in Egypt
Torasna for Heritage Development and Management and Brassbell Hospitality Group have formed an alliance to jointly pursue heritage-led hospitality developments across Egypt, positioning adaptive reuse as a scalable response to…
Nawassy Developments partners with Rotana to manage N LINE hotel in New Cairo
Nawassy Developments has signed a management and operation agreement with global hospitality group Rotana for its N LINE hotel project, part of the company’s mixed-use NEST development in the Sixth…
New real estate legislation in pipeline as Egyptian parliament targets market stability
Egypt’s current parliament is witnessing the highest representation of real estate developers in its history, with around 20 members in the House of Representatives and nearly five in the Senate…