Day: May 26, 2025

Ahl Masr Burns Hospital has signed a cooperation protocol with the UAE-based Make-A-Wish Foundation to strengthen psychological support for children recovering from burn injuries. The agreement was formalized during an official visit by a Make-A-Wish delegation to the hospital’s headquarters in Cairo. The partnership reflects Ahl Masr’s holistic care philosophy,…

Savills Egypt Property Management reported EGP 2.76bn in tenant sales across its managed portfolio for the year 2024, according to its “Key Highlights: Property Management” report released on 25 May 2025. The company attributed this performance to its strategic focus on tenant experience, operational efficiency, and sustainability-driven asset enhancement. The…

Egypt’s Ministry of Health and Population signed a cooperation protocol on Monday with US-based medical technology firm Zimmer Biomet and local distributor AZM to expand access to advanced orthopedic and prosthetic care across public hospitals. The agreement, signed at the Ministry’s headquarters in Egypt’s New Administrative Capital, aims to introduce…

A strategic cooperation agreement has been signed between Egypt’s Arab Metals Company ZEINOX and Oman’s OQ Group to establish a plastic manufacturing facility in the Sultanate of Oman, with a total investment of $2.6m. The project will be implemented under Oman’s LADAYN industrial programme and is aimed at strengthening local…

Minister of Petroleum and Mineral Resources Karim Badawy conducted an inspection tour at Ain Sokhna’s SUMED and Sonker ports to review infrastructure readiness for receiving additional Floating Storage and Regasification Units (FSRUs) as part of Egypt’s summer energy preparedness plan. Joined by senior petroleum sector officials, Badawy assessed progress on…

The National Bank of Egypt (NBE) and Banque Misr announced interest rate cuts of 1% on their Egyptian pound-denominated savings certificates, effective Tuesday, May 27, 2025. Both banks also suspended the issuance of US dollar certificates that offered returns in Egyptian pounds. Mohamed El-Etreby, CEO of NBE, said the bank’s…

Sixteen companies have obtained financial technology (FinTech) licences from Egypt’s Financial Regulatory Authority (FRA) and are spearheading digital transformation efforts in the non-banking sector, its chairperson Mohamed Farid said on Monday. Four companies currently offer outsourcing services and are registered with the authority, with new entrants anticipated, Farid stated. Speaking…