Day: January 22, 2024

In response to ongoing tensions in the Red Sea, the Suez Canal Authority (SCA) is offering expanded services to mitigate the impact on ships passing through the vital waterway. “The SCA’s companies and shipyards are ready to cooperate with agents by providing all necessary navigation, repair, and maintenance services that…

ADVA Developments has signed a cooperation protocol with EGEC, Engineering Consultations Company, to oversee the construction works of its projects in Sheikh Zayed City, West Cairo. The partnership aims to improve the quality, safety, and sustainability of the projects. The first project under this collaboration is ADVIDA, a mixed-use development…

IGI Developments launched the first phase of Garden Gate at Ashgar City project in 6th of October city, west Cairo, on Saturday, 14 January 2023. The phase, which consists of 100 units, sold out within 24 hours of the launch, due to the high demand from customers. Sherif Moustafa, Managing…

Cornerstone Development is preparing to launch its second project in New Administrative Capital (NAC), The Terraces, a new commercial and administrative mall. The company contracted a specialized architectural consulting office in New York, USA, to design the project. It also assigned Yasser Al Beltagy Architects (YBA) to provide engineering consultations.…

The authorized share capital of EgyptAir Holding Company has witnessed an increase to EGP 10 billion (USD 323 million), along with a corresponding rise in the number of shares. The value of each share has increased to EGP 1,000 (USD 32.3), as per the decision of the Minister of Civil…

The Administrative Capital for Urban Development (ACUD) Company has approved some measures to motivate and encourage developers who operate in the New Administrative Capital (NAC) to adopt sustainable environmental design in various investment projects. The company also aims to implement the goals of sustainable development and maximise the use of…

Egyptian startup Mira Cosmetics has secured investments of $200,000 from “Wingoo Investment and Technology, the company announced on Sunday. In a press statement, the company explained that this move comes after Mira successfully produced its first locally produced beauty product by the end of 2023, preparing now to unveil it.…

KashNow, a financial technology solutions company and a subsidiary of Noqood Holdings, signed a strategic partnership agreement with Souhoola, a consumer finance company. The agreement aims to enhance and facilitate customer experiences by providing advanced services. The partnership enables customers to finance their transactions through Kash Now. These transactions include…