Day: September 15, 2024

The joint archaeological mission between the Supreme Council of Antiquities and the University of Würzburg, Germany, has successfully unveiled the original colours of the Edfu Temple and several inscriptions that have never been seen before. This discovery was made during the restoration project of the temple’s surface, dedicated to the…

Hani Sweilem, Minister of Water Resources and Irrigation, held a meeting to review the progress of the performance improvement process at the Holding Company for Irrigation and Drainage and its two subsidiaries, the Egyptian Company for Irrigation and Drainage and the Egyptian Dredging Company. Sweilem emphasized the importance of fully…

Mohamed Shimi, Minister of Public Enterprises, conducted a field visit to Misr Spinning and Weaving Company in El-Mahalla, a subsidiary of the Holding Company of Cotton, Spinning, Weaving, and Garments, as part of his ongoing site visits to monitor project updates and accelerate execution progress. Accompanied by Ashraf El Gendy,…

Members of Egypt’s Chemicals and Fertilizers Export Council, led by Khaled Abu El-Makarem, will soon meet with the Minister of Investment and Trade to present the council’s plan for increasing the sector’s exports. On the sidelines of the 36th edition of the Sahara International Agricultural Exhibition, held in Egypt, Chairperson…

The Central Bank of Egypt’s net foreign assets (NFA) achieved a surplus for the fourth consecutive month, reaching $10.3bn, equivalent to EGP 499.269bn, in August 2024. It compared to $10.5bn, or EGP 508.58bn, recorded in July. Net foreign assets at the central bank are a key measure of banking stability,…

IL CAZAR for Urban Development is preparing to launch the second phase of its The Crest project in New Cairo, with expected total sales reaching EGP 4bn. This will be part of their participation in the Cityscape exhibition. The company will also offer special deals for the Safia, Creek Town,…

Rasha Abdel Aal, Head of the Egyptian Tax Authority, has announced that all the aspects of the tax relief package will be revealed over the next four weeks, with specific items to be explained every week. This approach will allow for detailed discussions and necessary community dialogue, with input from…

Mohamed Rashid, CEO of MRB Holding Group, announced the adoption of an integrated strategic plan after merging a group of companies under its umbrella, in preparation for its launching in a different way within the Egyptian real estate market during the coming period, showing that his group intends to change…

UC Developments has signed a cooperation agreement to sponsor The Maker Academy, supporting and nurturing rare sports talents in Egypt. This partnership was with Ahmed Hossam “Mido”, the founder and supervisor of the academy, as part of UC’s social responsibility. Hadi Hamdi, the company’s CEO, said during a press conference…

In celebration of Maxim Mall’s 8th anniversary in New Cairo, Maxim Investment Group announced the consolidation of its brands under the new entity, Maxim Commercial and Entertainment Centres. This entity will manage the group’s portfolio of commercial, administrative, and entertainment centers, aligning with the group’s vision to strengthen its leadership…