Day: June 1, 2025

Haleon, the global consumer health leader, has reinforced its footprint in Egypt following its demerger from GSK in July 2022. The company now holds over 20% of Egypt’s consumer health market and manufactures approximately 90% of its flagship brands locally, according to Asif Alavi, General Manager for North Africa at…

The volume of Islamic banking in Egypt reached EGP 1.079trn in March 2025, marking a year-on-year increase of EGP 379bn and a robust growth rate of 54%, according to the latest report from the Egyptian Islamic Finance Association (EIFA). Sharia-compliant deposits rose to EGP 784bn, accounting for 7.4% of total…

As part of Egypt’s efforts to modernize its energy infrastructure and expand renewable energy adoption, Minister of Electricity and Renewable Energy Mahmoud Esmat began his visit to France by touring the Grand Maison plant—Europe’s largest pumped-storage hydropower station. The Grand Maison facility, located in the French Alps, plays a vital…

Heliopolis Company for Housing and Development has announced plans to develop 766 feddans in Hadayek Al-Asima, a key urban expansion area in East Cairo, as part of its broader strategy for sustainable growth and urban development. Sameh El-Sayed, CEO and Managing Director of the company, stated that the project is…

Egypt’s President Abdel Fattah Al-Sisi convened a high-level meeting on Sunday to review progress on Egypt’s unified national investment strategy, which aims to enhance the country’s economic competitiveness and attract increased foreign direct investment (FDI). According to a presidential statement, the meeting was attended by Prime Minister Mostafa Madbouly, Deputy…

Misr Italia Properties (MIP) has announced the launch of Hilltop, a new phase of its flagship coastal project, Solare, located in Ras El Hekma. Designed as a year-round destination, Solare continues to expand with Hilltop, which introduces elevated living experiences, panoramic views, and contemporary architectural elements inspired by Miami and…

ZG Developments has announced a strategic partnership with Estadat Sports Investment Company to provide integrated sports and social services to residents of its flagship FLW Residence project in West Cairo. Mohamed El-Sebaey, Chairperson of ZG Developments, emphasized that the collaboration reflects the company’s ongoing commitment to enhancing the lifestyle of…