Day: May 19, 2025

In a strategic move to counter Egypt’s real estate market slowdown, Tatweer Misr has launched the REACH programme, a flexible financial solution designed to revive consumer demand and address the sector’s liquidity challenges amid declining purchasing power. Unlike the market trend of offering blanket long-term payment plans, Tatweer Misr based…

Egypt’s Minister of International Cooperation, Rania Al-Mashat, met with Josef Sikela, the European Commissioner for International Partnerships, during his visit to Egypt to discuss enhancing economic relations. The two officials reviewed the strategic partnership between Egypt and the European Union, focusing on sustainable development priorities, green transition efforts, cooperation within…

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, chaired the 24th meeting of the Ministerial Group for Industrial Development, attended by ministers responsible for military production, electricity, public enterprises, local development, housing, and petroleum. The meeting focused on key amendments to the National Program…

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, on Monday approved the 2024 operational results of Tharwa Petroleum Company during its General Assembly meeting. During the assembly, Badawi emphasised the importance of building on Tharwa Petroleum’s recent achievements in exploration, production, and petroleum services. He called for leveraging the…

Kareem Badawi, Minister of Petroleum and Mineral Resources, has reiterated the Ministry’s support for the Egyptian Drilling Company’s (EDC) strategic expansion into international markets, particularly strengthening its footprint in Saudi Arabia and Kuwait. Speaking during the company’s general assembly meeting, Badawi described EDC as a leading player in both onshore…

Aman Holding, a Raya Holding portfolio company and Egypt’s most integrated fintech group, has announced its financial results for 2024 and Q1 2025, showcasing robust performance and accelerated growth across all sectors. This success was driven by geographic expansion, technological advancement, and the delivery of digital financial solutions tailored to…

Huhtamaki Egypt has secured the prestigious Golden License from the Egyptian Cabinet to establish a state-of-the-art molded fiber packaging facility in Sadat City, located within the CPC Industrial Zone of Menofeya. With a total investment of EGP 1.47bn, the project represents one of the Finnish packaging leader’s most significant commitments…

Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), stated that the Central Bank of Egypt’s (CBE) balanced monetary policy and adoption of a flexible exchange rate have enhanced the Egyptian economy’s ability to withstand external fluctuations. His remarks followed a Monday meeting with Hassan Abdalla, Governor of…