Israel responds to 7 October with shocking collective punishment for Gaza people: Madbouly
Egypt’s Prime Minister, Mostafa Madbouly, has unequivocally stated that Egypt opposes all forms of attacks on civilians “from both sides.” He emphasized that Egypt does not support the events that…
Egyptian, Bosnian leaders vow closer ties during high-level meeting in Cairo
In a landmark visit, the Chairperson of the Presidency of Bosnia and Herzegovina, Denis Bećirović, met with Egyptian President Abdel Fattah Al-Sisi in Cairo on Monday. This marked the first…
TLD introduces Laguna in Sahl Hasheesh with EGP 2bn investment
Egypt’s prominent real estate developer, The Land Developers (TLD), has officially unveiled Laguna, the latest expansion of the il Bayou project in Sahl Hasheesh, Red Sea. This ambitious venture represents…
SODIC, Nobu announce third joint venture in Egypt
SODIC, Egypt’s leading real estate developer, and Nobu, the renowned luxury lifestyle brand known for its iconic 41 hotels, 77 restaurants, and 12 residences, have officially signed an agreement for…
Siemens Mobility, Hassan Allam Construction secure signaling contract for UAE–Oman railway link
Siemens Mobility, in collaboration with its consortium partner Hassan Allam Construction, proudly announces the award of the Abu Dhabi–Sohar Design and Build Railway Systems and Integration contract by Oman–Etihad Rail.…
Main Marks Developments signs agreement with Misr Company, Retaj Hotels for MORAY project
Main Marks Developments has entered into a strategic cooperation agreement with Misr Company for Property Investment and Project Management. The agreement pertains to the commercial section of the MORAY project…
$1.8bn in payment orders issued for tax-free car import initiative
Minister of Finance, Mohamed Maait, announced that the deadline for the tax-free car import initiative for Egyptians abroad has arrived. There are no plans to extend the deadline further. Maait…
Al-Mashat to participate in World Economic Forum Special Meeting in Riyadh
Egypt's Minister of International Cooperation, Rania Al-Mashat, has arrived in Riyadh, Saudi Arabia, to attend a special meeting of the World Economic Forum (WEF) on April 28 and 29. Themed…
Egypt’s foreign trade records about $24.6bn in Q1 2023/24: CBE
The Central Bank of Egypt (CBE) has disclosed that Egypt’s foreign trade volume during the first quarter of fiscal year 2023/24 reached $24.595bn. Of this total, approximately $16.269bn represents imports,…
AAIB-NBE alliance grants Roya Developments EGP 5.6bn loan
The Arab African International Bank (AAIB) and the National Bank of Egypt (NBE), as lead arrangers, have collaborated with other prominent financial institutions to increase the joint loan provided to…