Day: May 6, 2025

Al Marasem International for Urban Development has accelerated its growth in Egypt’s real estate sector with a planned investment of EGP 8bn across a series of new projects. The company is currently in the process of evaluating two prime land plots—one spanning 250 feddans in East Cairo and another 300…

Egypt’s Financial Regulatory Authority (FRA) on Tuesday renewed its warning to all citizens against engaging with calls from individuals and entities, particularly via online platforms, to invest in financial products or deposit funds for investment purposes that violate Egyptian law. The authority emphasized that dealing with unlicensed entities exposes investors…

In a strategic move to enhance the competitiveness of Egyptian exports, senior officials from key government agencies announced a wide-ranging set of initiatives at the second edition of the Egypt Export – Reality and Ambition conference. The event, organized by Expo Consultants Global in partnership with DMG Events, showcased growing…

Commercial International Bank (CIB) Egypt has signed an EGP 2.45bn bridge loan agreement with Sixth of October Development and Investment Company (SODIC), a leading real estate developer in Egypt. The facility is designated to finance construction work on SODIC’s flagship “June” project, located in the prime Ras El Hekma area…

The Egyptian government implemented nearly 500 reform measures between May 2022 and December 2024 aimed at enhancing the private sector’s role in driving the country’s economic growth, according to a comprehensive report by the Information and Decision Support Centre (IDSC) at the Cabinet, reviewed by Prime Minister Mostafa Madbouly. The…

Al Ismaelia for Real Estate Investment and Coventry University Cairo Branch at The Knowledge Hub Universities (TKH) launched a collaboration on May 6, 2025, to link academic learning with practical urban development in Downtown Cairo. The initiative aims to give students direct experience in the area’s revitalisation and enhance architectural…

Egyptian President Abdel Fattah Al-Sisi met on Tuesday with Prime Minister Mostafa Madbouly, Central Bank of Egypt Governor Hassan Abdalla, and Finance Minister Ahmed Kouchouk to review macroeconomic indicators and economic reforms. A spokesperson for the Egyptian Presidency, Ambassador Mohamed El Shennawy, stated that President Al-Sisi was briefed during the…

Approximately 200,000 citizens have invested EGP 2.1bn in regulated gold investment funds, Egypt’s Financial Regulatory Authority (FRA) said, emphasising it oversees investment in fund units, not direct gold trading. The FRA clarified that under Capital Market Law No. 95 of 1992, its role is to regulate how FRA-licensed investment managers…