Day: March 24, 2025

NileSat, the Egyptian satellite company, has reported a significant increase in profits for 2024, with net earnings reaching $57.7m, a 31.83% increase compared to the $43.8m profit recorded in the previous year. The announcement was made during NileSat’s General Assembly, held on Monday and attended by Ahmed El-Moslemany, Chairperson of…

The Egyptian government has signed an advisory services agreement with the International Finance Corporation (IFC), the World Bank’s private sector arm, to expand private sector participation in the country’s airport sector. The signing ceremony was held on Monday at the government headquarters in the New Administrative Capital and overseen by…

Alameda Healthcare Group, a leading healthcare provider in Egypt, has signed a Memorandum of Understanding (MOU) with Shenzhen COMEN Medical Instruments Co., Ltd (COMEN), a China-based manufacturer of advanced medical equipment. The agreement aims to integrate cutting-edge medical technologies into Alameda’s healthcare facilities, reinforcing the group’s commitment to delivering world-class…

The Ahl Masr Foundation for Development has signed a cooperation agreement with the Egyptian General Trading and Contracting Company, under which the company will provide financial support to cover both the treatment costs of burn patients and the operational expenses of Ahl Masr Burn Hospital throughout 2025. The agreement was…

Prime Minister Mostafa Madbouly met today with Hassan El-Khatib, Minister of Investment and Foreign Trade, to review the ongoing efforts of the Sovereign Fund of Egypt (TSFE) in maximizing returns from state-owned assets. The Prime Minister emphasized that this meeting is part of the government’s commitment to monitoring and enhancing…

Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, emphasized that the announcement of the winners of the 3rd edition of the National Initiative for Smart Green Projects marks a pivotal moment in Egypt’s sustainable development journey. The Ministry of Planning, as the national coordinator for financing development affairs,…

Deputy Prime Minister for Human Development and Minister of Health and Population, Khaled Abdel Ghaffar chaired a government meeting to discuss ways to attract more global investment and facilitate access to the Egyptian market. The meeting was attended by officials from many ministries and national authorities to review challenges facing…

Misr Cement Group has announced a significant surge in its financial performance for 2024, reporting a net profit of EGP 272 million, a 136% increase compared to the previous year. This remarkable growth underscores the Group’s successful strategy in cost optimization, operational efficiency, and market expansion despite economic challenges. Strong…