Egyptian Parliament passes landmark amendments to Old Rental Law
In a landmark decision poised to reshape Egypt’s real estate landscape, the Egyptian Parliament approved long-debated amendments to the Old Rental Law on 2 July, marking a major step toward…
El-Romany, Happy Developments partner to launch Highvale, debut projects in New Cairo
El-Romany Real Estate Development and Happy Developments have announced the formation of a new joint venture under the name Highvale Developments, marking a strategic move to strengthen their footprint in…
Egypt-BRICS trade grows to $50.8bn in 2024, up 19.5%: CAPMAS
Trade between Egypt and BRICS countries rose to $50.8bn in 2024, up from $42.5bn in 2023—an increase of 19.5%, according to a statement issued on Sunday by Egypt’s Central Agency…
Egypt’s PM calls Israeli war on Gaza ‘most dangerous crisis’ at BRICS summit
Egyptian Prime Minister Mostafa Madbouly on Saturday described the Israeli war in Gaza as the "most dangerous crisis of our time," accusing Israel of violating international law and urging BRICS…
Egypt’s Bonyan for Development and Trade launches IPO for 21.9% stake
Egyptian developer Bonyan for Development and Trade on Sunday began an initial public offering (IPO) of a 21.94% stake on the Egyptian Exchange, with the subscription period running until July…
Egypt raises insurance payout for nationals abroad, expands eligibility
Egypt has increased the value of an optional insurance policy covering accidents for its nationals abroad to EGP 250,000, a 150% rise, and has expanded its eligibility to all expatriate…
BRICS summit in Brazil to champion multilateralism amid trade tensions
Leaders of the growing BRICS group of nations are gathering in Brazil for a summit overshadowed by United States President Donald Trump’s new tariff policies, with the bloc aiming to…
Egyptian, Saudi foreign ministers discuss Gaza, Iran in phone call
The foreign ministers of Egypt and Saudi Arabia discussed efforts to secure a ceasefire in Gaza and de-escalate tensions between Iran and Israel during a phone call on Saturday, Egypt's…
Venezuela vows to uphold sovereignty on 214th independence anniversary
Venezuela vowed to uphold its sovereignty on the 214th anniversary of its declaration of independence, with a top diplomat in Cairo reaffirming the country's commitment to peace and resistance against…
24,000 women-led projects financed since 2020 through MSMEDA–AFD partnership
Approximately 24,000 small and micro-enterprises led by women have been financed across Egypt since 2020 under the Women’s Enterprise Support Programme, according to Basel Rahmy, CEO of the Micro, Small…