MODON, BINBAZ partner with Campbell Gray to manage two hotels
MODON Developments and BINBAZ Developments have signed agreements with UK-based Campbell Gray Hospitality to manage and operate two hotels in East and West Cairo, as the developers expand their residential…
Asl Holding acquires Alkayan, Zurich Developments to expand presence in Egypt
Asl Holding, a Saudi investment fund, announced the acquisition of Saudi-based Alkayan Technical Alarabia and Zurich Developments as part of its plans to expand activities in the Egyptian market. The…
Three North Coast projects generate EGP 258bn in sales in 2026: The Board Consulting
Three major projects on Egypt’s North Coast generated combined sales of approximately EGP 258bn from the beginning of 2026 through August 15, representing nearly half of the total sales recorded…
Khaled Sabry Developments sells out first phase of Waterside Villas, deliveries begin October
Khaled Sabry Developments has sold out the first phase of Waterside Villas at its Rosail City project in Mostakbal City, after completing 100% of the phase’s construction works. The company…
Egypt, Huawei discuss local manufacturing of BESS, 4,000 MWh standalone plants
Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat met with Huawei Egypt CEO Benjamin Houwei and senior company officials to review progress on a project to locally manufacture battery…
ADCB Egypt provides EGP 618m financing to IDG for New October industrial project
Abu Dhabi Commercial Bank (ADCB) – Egypt has signed a financing agreement with Industrial Development Group (IDG), providing the company with a credit facility worth EGP 618m to finance the…
Industry minister inspects furniture, fertilizer and textile factories in Damietta
Egyptian Minister of Industry Khaled Hashem and Damietta Governor Hossam El-Din Fawzi inspected a number of major factories and industrial facilities in Damietta as part of the government’s efforts to…
Government coordinates efforts to boost investment, trade and economic development
Egyptian Minister of Foreign Affairs Badr Abdelatty held separate meetings with Minister of Investment and Foreign Trade Mohamed Farid and Minister of Planning and Economic Development Ahmed Rostom on Sunday…
US, Iran escalate rhetoric as Washington prepares ‘harshest’ sanctions announcement
The United States and Iran have escalated their rhetoric ahead of expected new American economic sanctions, which Washington describes as the "harshest in history", amid persistent military threats and ongoing…
Suez Canal restores Europe-Asia shipping services amid increased Maersk transits
The Suez Canal has successfully restored several shipping services operating on the trade route between Europe and Asia, recording a noticeable increase in daily transit rates by Maersk container vessels,…