Madinet Masr reports historic year with nearly tripled gross contracted sales, net profit
Madinet Masr, one of Egypt’s leading urban community developers, announced its standalone financial results for the year ended 31 December 2023 (FY 2023), reporting a net profit of EGP 2.1bn…
Novartis inaugurates new premises in Egypt, reinforcing commitment to patients and healthcare system
Leading pharmaceutical company Novartis Pharma (Novartis Egypt) officially inaugurated its new premises in Egypt located in the vibrant business district of New Cairo. The inauguration marks a significant milestone in…
Finance Minister urges mobilisation of ‘preferential financing’ through effective tools, especially New Development Bank
International financial system needs fundamental reforms to amplify voice of emerging economies, says Maait
Egypt expected to see surge in mergers, acquisitions in 2024
Merger, acquisition activity in Egypt fell by 62% in 2023: Baker & McKenzie
Egypt, WTO discuss how to enhance multilateral trade system amid global challenges, crises
Egyptian Minister of Trade and Industry Ahmed Samir met with the Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala. They reaffirmed Egypt’s commitment to enhancing the multilateral trade system’s…
GAFI, EJB sign MoU to promote investment opportunities in Egypt
The General Authority for Investment and Free Zones (GAFI), represented by its CEO Hossam Heiba, and the Egyptian Junior Business Association (EJB), represented by its Chairperson Bassam El-Shennawy, signed a…
Sumou Holding, Hassan Allam Properties to launch joint venture in Saudi Arabia
Sumou Holding, a Saudi real estate company, and Hassan Allam Properties, an Egyptian real estate developer, have signed a memorandum of understanding (MoU) to establish a joint venture company in…
Gaza suffers 145 days of bloodshed, hunger amid international silence
The Ministry of Health in Gaza said that the Israeli occupation carried out 8 massacres against families in the Gaza Strip, killing 76 people and wounding 110 in the last…
FM Shoukry discusses Gaza situation with British Minister for Middle East
Foreign Minister Sameh Shoukry received Wednesday a phone call from Lord Tariq Ahmed, the British Minister of State for Middle Eastern and North African Affairs. They discussed the situation in…
German ambassador in Egypt calls for Gaza ceasefire, condemns Israeli military action in Rafah
At a press conference held at the German Embassy in Cairo, Ambassador Frank Hartmann expressed Germany's strong position on the ongoing Israeli-Palestinian conflict. He stressed the need for an immediate…
