Banks, companies offer EGP 73.09bn under ‘Affordable Housing Initiative’ until August
Banks and mortgage companies participating in the Affordable Housing Initiative have provided financing worth EGP 73.09bn to more than 583,700 clients until August 2024. According to a report from the…
HDB’s Q1 2026 net profit surpasses EGP 5bn amid strong growth across key indicators
Housing and Development Bank (HDB) delivered robust financial and operational performance during the first quarter (Q1) of 2026, supported by the effective execution of its ambitious 2025-2030 strategy. The results…
Egyptian PM announces community-backed Pyramids revamp alongside Giza educational expansion
Egypt plans to increase hotel capacity in the Nazlet El-Semman area adjacent to the Giza Pyramids from roughly 5,000 rooms to between 15,000 and 20,000 rooms, a development expected to…
Planning minister discusses activating infrastructure financing guarantee mechanism with IFC
Ahmed Rostom, Minister of Planning and Economic Development, met with Ethiopis Tafara, International Finance Corporation (IFC) Vice President for Africa, to discuss practical steps to strengthen bilateral cooperation and review…
Saudi Arabia’s Sela and Egypt’s Talaat Moustafa Group form entertainment consortium
Saudi Arabia’s Sela, a Public Investment Fund company, and Egypt's Talaat Moustafa Group (TMG) have launched a strategic consortium to create and manage an integrated entertainment ecosystem and live events…
In the Presence of Turki Alalshikh… Sela and Talaat Moustafa Group Launch Strategic Consortium to Develop an Integrated Entertainment Ecosystem in Egypt
In the presence of His Excellency Turki Alalshikh, Chairman of the General Entertainment Authority (GEA), Sela, a Public Investment Fund company and one of Saudi Arabia’s leading entertainment and destination…
Toyota Egypt Group enters electric vehicle market with launch of bZ4X and Lexus RZ
Toyota Egypt Group has officially entered the electric vehicle (EV) market in Egypt for the first time with the launch of two new models: the Toyota bZ4X and the Lexus…
One of One records EGP 1.5bn sales, opens new HQ to drive expansion
One of One Developments has announced the opening of its new headquarters, marking a strategic step to support operational growth and upcoming projects in New Cairo, Sheikh Zayed, and coastal…
LIXIL Core Earnings Up 23% in FYE2026, Profitability Improved in Both Japan and International Businesses
LIXIL Corporation reported a 22.9% increase in core earnings to ¥38.5 billion for the fiscal year ending 31 March 2026, driven by improved profitability across both its domestic Japanese and…
Egypt health minister calls for stronger local drug manufacturing
Egyptian Health Minister Khaled Abdel Ghaffar said local pharmaceutical manufacturing is essential for building resilient healthcare supply chains and reducing vulnerability to global crises. Speaking at a healthcare supply…