Madbouly reviews strategic commodity stocks, wheat supply, and fiscal planning
Prime Minister Mostafa Madbouly held a series of high-level meetings on Sunday to assess Egypt’s preparedness on strategic commodities, the current local wheat supply season, and financial planning for the…
Egypt targets 5 million tonnes of local wheat as strategic reserves reach six-month level
Egypt is targeting the procurement of 5 million tonnes of domestic wheat during the current harvest season as part of a broader strategy to strengthen food security, Supply and Internal…
PRE Group to partner with eight global hotel brands, adding 10,000 hospitality units across Egypt
PRE Group announced that it is preparing to sign partnership agreements with eight international hotel brands in the coming weeks, a move that will significantly expand its hospitality portfolio across…
SODIC posts record 118% revenue growth in 2025 results
SODIC announced robust financial results for 2025, with revenues surging 118% year-on-year to EGP 21.26bn, supported by contracted sales of EGP 48.4bn. Gross profit climbed 41% to EGP 7.63bn,…
City Edge achieves record EGP 61.4bn sales in 2025, expands hospitality portfolio
City Edge Developments has announced record-breaking sales of EGP 61.4bn in 2025, driven by the launch of nine new projects and the addition of more than 5,200 clients. The company…
MIDAR to seal €500m-600m healthcare investment with Gruppo GKSD by year-end
MIDAR for Investment and Urban Development, master developer of integrated mega cities in New Cairo, has signed a memorandum of understanding with Gruppo GKSD Italy to establish a landmark medical,…
Geopolitical tensions reshape Egypt’s real estate market, driving prices and shifting investment trends
Egypt’s real estate market is undergoing rapid transformation amid ongoing geopolitical tensions and economic volatility, with rising construction costs, currency pressures, and energy concerns reshaping both pricing strategies and investment…
Iran rehabilitates missile sites within hours of strikes, US intelligence says
US intelligence reports indicate that Iran is rehabilitating missile bunkers and silos within hours of being targeted by American and Israeli strikes, according to the New York Times, casting doubt…
Iran’s Revolutionary Guard imposes yuan-based tolls for Strait of Hormuz transit: Bloomberg
Iran’s Revolutionary Guard (IRGC) has begun imposing a formal toll system on vessels transiting the Strait of Hormuz, charging fees in Chinese yuan and requiring ships to fly the flags…
Trump proposes $1.5trn military budget for 2027 with massive agency cuts
US President Donald Trump's administration on Friday proposed a $1.5trn military budget for the 2027 fiscal year, a 44% increase over 2026 levels, alongside sweeping cuts to government agencies and…