Day: April 14, 2025

Madinet Masr, a leading real estate developer listed on the Egyptian Exchange, has announced the execution of a significant portion of its treasury stock buyback programme, approved by its Board of Directors on 6 March 2025. The programme targets the repurchase of up to 4% of the company’s total share…

Egyptian real estate developer M squared has announced the launch of MIST, a mixed-use community in New Cairo designed around sustainable well-being principles, integrating residential, office, and commercial spaces within a nature-focused, walkable environment. The project marks M squared’s expansion into New Cairo. M squared, the real estate arm of…

Egypt’s Prime Minister Mostafa Madbouly met a delegation of senior Saudi business leaders at the government headquarters in the New Administrative Capital on Monday to discuss joint cooperation opportunities, the Prime Minister’s office said. The meeting occurred one day after the Egypt-Saudi Business Forum was held in Cairo. Attendees included…

Egypt’s Suez Canal Economic Zone (SCZone) has launched digital one-stop-shop services for its investors, developed in collaboration with the European Bank for Reconstruction and Development (EBRD) and Egypt’s Ministry of International Cooperation, officials announced. The services aim to enhance business efficiency, transparency, and governance within the zone, reinforcing its role…

Fadel Marzouk, Chairperson of the Apparel Export Council of Egypt (AECE), stated that the 10% tariff recently imposed by the United States on clothing imports presents a strategic opportunity for Egypt to expand its presence in the US market. Marzouk explained that Egypt benefits from the Qualifying Industrial Zone (QIZ)…

Beltone Holding has completed its second capital increase, raising EGP 10.5bn with an impressive 98% subscription rate. The majority of this funding was secured through foreign investments, underscoring the strong confidence international investors have in the company’s long-term growth strategy. Group CEO and Managing Director Dalia Khorshid described the capital…

The Ministry of Industry has launched the first phase of a new EGP 30bn financing initiative targeting priority industrial sectors, with the aim of supporting the purchase of machinery, equipment, and production lines. The plan, approved by the Cabinet, was officially introduced during the 14th meeting of the Ministerial Committee…