TRU Finance extends EGP 1.1bn in consumer financing in six months
Ahmed Essam Seoudy, Managing Director and CEO of TRU Finance, a consumer finance company operating in Egypt, announced that the sector is experiencing robust growth in demand for financing services.…
Sakan Developments launches EGP 4.8bn Park-U project in El Shorouk City
Sakan Developments has announced the launch of its latest project, Park-U, located in El Shorouk City, with total investments exceeding EGP 4.8bn. This ambitious development marks a significant milestone in…
Brevan Developments unveils new phase of Lake House in New Obour to meet rising demand
Brevan Developments has officially launched a new phase of its Lake House residential project in New Obour City, responding to increasing demand for integrated, modern living communities. Saeed Sakr, a…
Fractional ownership gains ground in Egypt amid drive for innovation, market regulation
Rising property prices in Egypt have paved the way for a new investment trend: fractional ownership in real estate. This emerging model is increasingly seen as an attractive avenue for…
Zahrān Mamdani’s win in New York Primary sparks debate on Democratic Party’s future
The victory of American politician Zahrān Mamdani in the Democratic primary for Mayor of New York has ignited a wide-ranging debate in the United States, with its aftershocks felt across…
Egypt launches Red Sea shark satellite tracking in regional first
Egypt has successfully completed the first phase of a national programme to monitor and satellite-track sharks in the Red Sea, Environment Minister Yasmine Fouad announced on Saturday, hailing the initiative…
Gaza under fire, famine: Escalation deepens amid unclear hopes for ceasefire
The Izz al-Din al-Qassam Brigades, the military wing of Hamas, announced on Saturday that its fighters had targeted four Israeli engineering vehicles east of Khan Younis in southern Gaza using…
Egypt inaugurates first Bosch home appliance factory in Africa with €55m investment
Egypt’s Prime Minister Mostafa Madbouly inaugurated the first African factory of BSH, the German-owned home appliance giant behind the Bosch brand, marking a milestone in Egypt’s industrial development and regional…
Egypt mourns 19 girls killed in road crash amid growing outcry over highway safety
Egyptian President Abdel Fattah Al-Sisi has directed the government to provide immediate compensation of EGP 100,000 (approximately $2,100) for each of the 19 victims killed in a devastating road crash…
MSMEDA disburses EGP 57.5bn in project funding over 11 years: CEO
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has disbursed a total of EGP 57.5bn in funding for micro, small, and…