Day: February 16, 2025

The Central Bank of Egypt (CBE) recorded a net foreign asset (NFA) surplus of $11.99bn (EGP 603.06bn) in January 2025, up from $11.64bn (EGP 592.47bn) in December 2024. Net foreign assets, which represent the difference between the CBE’s foreign currency assets and liabilities, are a key indicator of financial stability…

The Ministry of Transport has called upon the Egyptian Federation of Industries, the Federation of Chambers of Commerce, heads of Egyptian export councils, exporters, importers, and business leaders to leverage the substantial benefits of the “Ro-Ro” (Roll-on/Roll-off) maritime shipping line. This route streamlines the transportation of perishable agricultural products, fresh…

Urbnz Developments has launched its first project, AXIS Three Business Mall, in West Cairo, targeting sales of EGP 230m, according to Mahmoud Amir, Chief Commercial Officer (CCO) of the company. Amir highlighted that Urbnz Developments’ management team brings over 60 years of combined experience, having worked with leading companies in…

Namaa EXP for Mall Management has launched its new brand, M STREET, introducing a premium shopping and entertainment experience that brings together top local and international brands under the concept of shopping indulgence. The brand’s first project, M STREET Heliopolis, marks a significant milestone in redefining commercial spaces. Karim Ghoneim,…

Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister of Communications and Information Technology Amr Talaat, Egypt’s governmental real estate platform—supported by the Multiple Listing Service (MLS) system—was officially launched on Thursday in Cairo. This initiative marks a pivotal transformation in Egypt’s real estate…

A total of 76 Egyptian companies specializing in building materials are participating in the Big 5 exhibition, held in the Saudi capital, Riyadh, from 15 to 27 February 2025. This participation is part of Egypt’s intensive efforts to boost its exports of building materials to Arab and regional markets, particularly…

Saudi Egyptian Developers (SED) has officially opened Hilton Cairo Nile Maadi, a landmark addition to the Nile Pearl project. Situated along the banks of the Nile in the heart of Maadi, this architectural masterpiece embodies elegance and sophistication. With an investment exceeding EGP 6bn, the project strengthens Egypt’s position as…

The Administrative Capital for Urban Development (ACUD) has announced an ambitious investment target of EGP 55bn for 2025, aiming to accelerate major projects, enhance infrastructure, and expand smart services in Egypt’s New Administrative Capital. Khaled Abbas, Chairperson of ACUD, emphasized the company’s ongoing growth across multiple sectors, highlighting that the…