العربية

Day: May 21, 2025

Saudi Group Developments unveils EGP 3bn Valea project in West Cairo

Saudi Group Developments has officially launched Valea, a new mixed-use residential project in Sheikh Zayed City, West Cairo, with a total investment of EGP 3bn. The development is a strategic collaboration between Saudi businessman Eng. Yahya bin Ahmed Al-Ansari, Chairman of Saudi Group Developments, and Eng. Bashar Mohamed Abu Hamar,…

China’s Xinxing invests $150m in ductile iron pipe plant in Egypt

Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, toured the Suez Canal Economic Zone (SCZONE) this week, visiting the newly established Chinese Xinxing factory for ductile iron pipe production. During his visit, Ismail inspected all stages of the manufacturing process—from the assembly of local components and smelting, to…

CBE to decide interest rate path Thursday amid divided analyst views

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will hold its third scheduled meeting of 2025 on Thursday to decide on key interest rates—an outcome closely watched as a benchmark for the short-term direction of Egypt’s monetary policy. The meeting comes against a backdrop of divided expectations among…

Latvia’s CFLA explores partnership opportunities with Egypt’s MSMEDA

A delegation from Latvia’s Central Finance and Contracting Agency (CFLA) visited the headquarters of Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) in Cairo to explore potential areas of cooperation. The visit was arranged in coordination with the Latvian Embassy in Egypt. Bassel Rahmy, CEO of MSMEDA, said that…

Bonyan for Development announces intention to list on EGX in Q2 2025

Bonyan for Development and Trade, Egypt’s leading pure-play real estate investment company, announced on Wednesday its intention to proceed with an initial public offering (IPO) and list its shares on the Egyptian Exchange (EGX). The company is currently securing the necessary regulatory approvals, including the public subscription notice (PSN) and…

PM: Top priority to industry, investment incentives

Prime Minister Mostafa Madbouly on Tuesday, May 20, 2025 said that great importance is attached to the industrial sector, in line with directives of President Abdel Fattah al-Sisi. Madbouly highlighted the government’s continued efforts to provide more facilitation and incentives as well as remove any obstacles that may face the…

Egypt targets regional mining hub status, prioritises value-added projects

Egypt is aiming to transform into a regional hub for mining industries, with value-added projects identified as a top priority in the Ministry of Petroleum and Mineral Resources’ operational strategy, according to a Tuesday government statement. Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that the petroleum and mining…