GUPCO allocates $415m for 2023/24 oil exploration, production activities
Karim Badawi, Minister of Petroleum and Mineral Resources, attended the General Assembly meeting of the Gulf of Suez Petroleum Company (GUPCO) to approve its results for the fiscal year 2023/2024.…
Global markets plunge on recession fears, geopolitical tensions
Equities, cryptocurrencies, and commodities tumbled around the world, while safe-haven assets like bonds and the yen surged on Monday. The global markets sell-off was triggered by a confluence of factors,…
Tatweer Misr achieves 65% sales from North Coast projects in H1
President and CEO of Tatweer Misr, Ahmed Shalaby, stated that the company aims to achieve contractual sales worth EGP 32bn in 2024. The company has achieved EGP 21bn in sales…
Record-breaking sales: IL Cazar’s Safia Ras El-Hekma hits EGP 9.8bn in three days
IL Cazar has announced achieving EGP 9.8bn in sales and reservations for its new coastal project, Safia Ras El-Hekma, within just three days of its launch. This remarkable achievement underscores…
MG Developments contracts with Infinity to establish EV charging stations
MG Developments has signed a contract with Infinity, a renewable energy company and electric vehicle charging provider, to establish and operate electric car charging stations in its projects. This initiative…
Sabbour-Enviro alliance secures contract for wastewater treatment projects in Gharbeya
Sabbour Consulting has announced the signing of a contract with the Gharbia Drinking Water and Sanitation Company to provide consultancy services, including design and supervision, for the construction of two…
Ebny Developments partners with Prime Hospitality for EGP 450m Prime Residence Heliopolis project
Ebny Developments has signed a cooperation protocol with Prime Hospitality Management Group to manage and operate the Prime Residence Heliopolis project, located near several main hubs in the Heliopolis area…
Egyptian airports not for sale, focus on efficiency and investment: Civil Aviation Minister
Sameh El-Hefny, the Minister of Civil Aviation, has dismissed rumours about selling Egyptian airports to foreign entities, affirming that they remain state-owned and under Egyptian sovereignty. The government is focusing…
Gama Construction joins government alliance to develop marine facilities in Dekheila
Gama Construction has signed a shareholders’ agreement to establish the Alexandria Supply Chain Company at Dekheila Port. This initiative aims to develop a permanent marine facilities station to sustain supply…
Egypt considers allocating 43 plots of land for new industrial zones
Egypt is considering allocating 43 plots of land for new industrial zones. This came during a Sunday meeting between Nasser Fawzi, Director of the National Center for Planning State Land…