Month: June 2025

The Egyptian government will not abandon tenants living under the country’s long-standing “old rent” system and is working to provide alternative housing, two ministers told parliament on Monday during a debate on a proposed new law. Local Development Minister Manal Awad and Housing Minister Sherif El-Sherbiny addressed a plenary session…

Mohamed Salah El-Din Mostafa, Minister of State for Military Production, conducted an unannounced inspection tour of Helwan Casting Company (Military Factory 9) to evaluate the company’s production progress and monitor the implementation of directives issued during previous visits. The tour began with a review of the factory’s production lines, which…

Al Safy Group is investing $80m to expand its factory in 6th of October City, aiming to increase production capacity and meet rising demand for its high-tech product lines. Global tech giant Xiaomi has chosen the facility to manufacture its smartphones and smart screens—reflecting confidence in Al Safy’s industrial capabilities…

The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decree No. 138 of 2025 amending Decree No. 81 of 2023 to raise the cap on pre-disbursed consumer cash finance to EGP 50,000 per client—up from EGP 10,000. The move is part of the FRA’s broader push to promote…

Egyptian Prime Minister Mostafa Madbouly represented President Abdel Fattah El-Sisi at the opening session of the 4th International Conference on Financing for Development, held in Seville, Spain, from 30 June to 3 July 2025. The conference brought together King Felipe VI of Spain, over 70 heads of state and government,…

At the Africa Health ExCon 2025, which is currently running from 24 to 27 June at  Cairo’s Al Manara International Conference Center, Egypt and the UAE have signed on 27 June a significant Memorandum of Understanding (MoU) to strengthen cooperation in the healthcare sector.  This landmark agreement, finalized during the…

Spinneys, one of Egypt’s largest and leading grocery retail chains, today announced the opening of its new store in the residential Al-Kawthar district of Hurghada. This marks Spinneys’ third store in the city after the successful operation of its Senzo Mall hypermarket and Dahar district supermarket previously. The new Hurghada…

10TH OF RAMADAN CITY, Egypt, June 28 (MENA) – Prime Minister Mostafa Madbouly stressed on Saturday that Egypt is on track to becoming a true regional hub for industry in various sectors across the Middle East and Africa, thanks to its success in attracting leading global manufacturers. In a press…