Day: February 12, 2025

Al Ahly Sabbour Developments has reported a strong performance in 2024, surpassing its annual sales target by achieving EGP 32.5bn compared to the projected EGP 30bn. The company also delivered 2,500 residential units this year and plans to hand over an additional 1,500 units in 2025. Looking ahead, Al Ahly…

Global gold prices fell for the second consecutive day after reaching a record high, pressured by rising US Treasury yields and Federal Reserve Chairperson Jerome Powell’s hawkish stance on interest rates. Investors now await key US inflation data for further direction. Gold dropped 0.3% to a session low of $2,883…

Ahmed Kouchouk, Egypt’s Minister of Finance, has urged international financial institutions to adopt more balanced and supportive policies for emerging economies. He emphasized the need for expanded multilateral financing tools to drive sustainable development and enhance resilience against global economic shocks. During a meeting with Guy Ryder, UN Under-Secretary-General for…

Khaled Abdel Ghaffar, Egypt’s Deputy Prime Minister for Human Development and Minister of Health and Population, has met South Korean Ambassador to Egypt, Kim Yonghyon, to discuss bilateral cooperation in healthcare, human resource development, and South Korea’s biomedical investments. A key outcome of the meeting was the launch of a…

The 76th edition of Cairo Fashion & Tex, Egypt’s leading clothing and textile exhibition, opened on Thursday, featuring 750 Egyptian and international brands. The event, held under the auspices of the Ministries of Industry and Investment and supported by the Ready-Made Garments and Textile Chamber, showcases the latest industry trends…

Prime Minister Mostafa Madbouly held a meeting on Wednesday at the government headquarters in the New Administrative Capital to review proposed measures for developing the customs system. The meeting was attended by Minister of Finance Ahmed Kouchouk, Minister of Investment and Foreign Trade Hassan El-Khatib, Deputy Minister of Finance for…

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva announced on Tuesday that the IMF’s Executive Board is expected to approve the disbursement of additional funding worth US$1.3 billion within the Resilience and Sustainability program to Egypt. She expressed her confidence in obtaining approval, showcasing the IMF’s commitment…

Under the patronage of Prime Minister Mostafa Madbouly, Minister of Social Solidarity Maya Morsy inaugurated the first International Conference on Management 2025 in Cairo. The three-day event brings together representatives from 138 organizations across 81 countries to discuss advancements in social protection and governance. Morsy emphasized Egypt’s strong commitment to…