Egyptian PM reviews projects with Electricity, Investment Ministers
Prime Minister Mostafa Madbouly on Sunday met with Mahmoud Essmat, Minister of Electricity and Renewable Energy, and Hassan El-Khatib, Minister of Investment and Foreign Trade, to discuss and review several…
The MarQ Communities delivers first residential units at The MarQ Gardens in New Cairo
The MarQ Communities has announced the handover of the residential units at The MarQ Gardens , its flagship project in New Cairo. During a press conference, Amr Badr, Chairperson and…
Valero Developments targets EGP 3.2bn in investments for Q2
Ahmed Abdel Salam, CEO of Valero Developments, has announced that the company targets to expand its investment portfolio to EGP 3.2bn in the second quarter (Q2) of the year. Valero…
Reportage Egypt targets EGP 6bn in sales for 2025
Reportage Egypt aims to achieve EGP 6bn in sales in 2025, doubling its success from the previous year, according to Eslam Hammam, Regional Chief Commercial Officer at Reportage Properties. The…
Mortgage finance in Egypt reaches EGP 81.22bn, benefiting 617,500 citizens
Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund (SHMFF), announced that total mortgage financing in Egypt has reached approximately EGP 81.22bn, benefiting 617,500 recipients through 22…
ACUD, Algerian Embassy sign deal for new diplomatic headquarters in Egypt’s New Capital
The Administrative Capital for Urban Development (ACUD) and the Embassy of Algeria in Cairo have signed a land sale agreement for two plots totaling 23,316 sqm. The land will be…
Net foreign assets in Egypt’s banking sector surge to $8.7bn in January 2025: CBE
The Central Bank of Egypt (CBE) has reported a significant rise in net foreign assets (NFA) within the banking sector, reaching approximately $8.7bn (EGP 437.26bn) in January 2025. This represents…
Egypt, China’s Sinoway discuss localization of forestry technology to combat climate change
Minister of Environment Yasmine Fouad met with representatives from Sinoway, a Chinese company specializing in afforestation, forest restoration, and environmental sustainability, to explore avenues for cooperation in implementing forestry and…
Israel blocks humanitarian aid to Gaza amid ceasefire stalemate
The first phase of the ceasefire agreement in the Gaza Strip ended at dawn on Sunday without the commencement of negotiations for the second phase, which was supposed to begin…
Al-Sisi, European Commissioner for Mediterranean discuss Gaza crisis, regional stability
Egyptian President Abdel Fattah Al-Sisi met on Sunday with Dubravka Šuica, the European Commissioner for the Mediterranean, to discuss key regional developments, particularly the situation in the Gaza Strip. The…