Iran-Israel conflict intensifies as missile attacks spread across region
Military tensions across the Middle East intensified on Sunday as Iran and Israel exchanged missile and drone attacks while several regional countries reported intercepting aerial threats, raising fears of a…
Sky Abu Dhabi acquires 75 feddans in Sixth Settlement for mixed-use project
Sky Abu Dhabi Developments has acquired a 75-feddan plot in the Sixth Settlement area, as part of the company’s expansion strategy in East Cairo. The company plans to launch a…
Lazura Developments, Saqr Investment and Farida platform partner on EGP 1bn serviced apartment project
Lazura Developments has signed a partnership agreement with Saqr Investment, in cooperation with a banking institution and Farida Real Estate Applications Company, to launch and operate the Luxor Hotel project…
Arkania expands investment portfolio to EGP 9.4bn, launches REFAD project in New Cairo
Arkania Developments has unveiled the main pillars of its 2026 investment strategy while launching a new residential project in New Cairo, as part of plans to expand its real estate…
Madinet Masr’s net profit rises 23.8% to EGP 3.6bn in 2025
Madinet Masr reported strong financial and operational results for 2025, supported by robust new sales, accelerated unit deliveries and continued progress across its flagship developments. The company recorded total revenues…
Rising costs, geopolitical tensions pressure Egypt’s real estate sector
Egypt’s real estate sector is facing mounting cost pressures driven by higher fuel prices, currency fluctuations, and escalating geopolitical tensions in the Middle East, particularly those linked to Iran, industry…
Germany-Backed Facility Launches New Grant Call in Egypt to Support Job Creation and Skills Development
The Facility Investing for Employment (IFE) will launch a new sector-open call for proposals in Egypt on 15 April 2026, offering co-financing grants aimed at supporting private-sector job creation and…
Egypt’s Sisi says Suez Canal revenue fell $10bn due to regional instability
Egyptian President Abdel Fattah al-Sisi said on Sunday that regional conflicts have caused a $10bn loss in Suez Canal revenues, describing recent domestic fuel price increases as an "inevitable" measure…
Iran considers opening Hormuz Strait for tankers trading oil in Chinese yuan
Iran is considering allowing a limited number of oil tankers to pass through the Strait of Hormuz on the condition that their cargo is priced in Chinese yuan, a senior…
Planning Minister discusses strengthening cooperation with OECD
Egypt’s Minister of Planning and Economic Development Ahmed Rostom met with Amr Soliman, Head of the Egypt and Middle East and North Africa team within the Governance Programme at the…