TMG strengthens earnings momentum with EGP 62.5bn in revenues
Talaat Moustafa Group Holding (TMG) reported a 43% year-on-year surge in net profit in 2025, reaching EGP 18.2bn, according to the company’s annual financial results. The strong bottom-line performance was…
Energy cooperation, private investment power Egypt-Sweden ties: Swedish ambassador
Economic relations between Egypt and Sweden are entering a new phase of expansion, driven by clean energy cooperation, rising trade volumes and deeper private sector engagement, according to Dag Juhlin-Dannfelt,…
Why Egypt’s 17.75% Citizen Bond bypasses banks to secure EGP 7.7tn in savings
Inside the wood-panelled Egypt Post office in downtown Cairo, the morning rush is no longer just for pensions or utility bills. Small-scale savers, holding dog-eared bank books and national IDs,…
Talaat Moustafa Group 2025 profit rises 43% to 18.2bn EGP
Talaat Moustafa Group (TMG) Holding’s net profit surged 43% in 2025 to 18.2bn EGP, according to the company’s annual financial results. The profit growth followed a 46% increase in total…
Egypt, World Bank discuss cooperation to advance National Development Agenda
Egypt’s Minister of Planning, Economic Development Ahmed Rostom met with a high-level delegation from the World Bank, headed by Country Director for Egypt, Yemen and Djibouti Stéphane Guimbert, alongside the…
Egypt to launch nationwide aerial survey for mineral exploration
Egypt is finalising procedures to launch a nationwide aerial mineral survey as part of a strategy to attract new investment into gold and mineral exploration, Petroleum and Mineral Resources Minister…
Egypt Housing Minister orders fast-track regularisation of land in six new cities
Egypt’s Minister of Housing, Utilities, and Urban Communities Randa El-Menshawy has directed officials to accelerate the regularisation of land status in several new cities and simplify procedures for "serious" applicants.…
Egypt steps up maintenance of Holy Family Trail to boost religious tourism
Egypt is intensifying maintenance and development works along the Holy Family Trail as part of broader efforts to promote religious tourism and maximise the project’s economic returns, Minister of Local…
Egypt’s banking sector net foreign assets surge $20.3 bn in 2025, central bank says
The Central Bank of Egypt (CBE) announced on Sunday that net foreign assets (NFA) in the Egyptian banking sector increased by a cumulative $20.3 bn throughout 2025, driven by an…
Egyptian mission uncovers Old Kingdom rock-cut tombs at Qubbet El-Hawa in Aswan
An Egyptian archaeological mission from the Supreme Council of Antiquities has uncovered a group of rock-cut tombs dating back to the Old Kingdom during the current excavation season at the…