Day: June 23, 2025

Talaat Moustafa Group (TMG) Holding was named Egypt’s top real estate developer for 2025 and topped a list of the country’s 100 strongest companies at the Egypt toward the Best Summit held on Monday under the patronage of Prime Minister Mostafa Madbouly. The summit, organised to honour influential companies and…

Raya Holding for Financial Investments has advanced eight places in the 2025 edition of Forbes Middle East’s “Top 50 Public Companies in Egypt,” marking its fourth consecutive year on the prestigious list. The company’s notable climb reflects its record-breaking financial performance, bold regional expansion, and growing reputation as one of Egypt’s…

Remittances from Egyptians working abroad recorded a historic increase in the first 10 months of the current fiscal year (July 2024 – April 2025), soaring by 77.1% to reach approximately $29.4bn, compared to $16.6bn during the same period of the previous fiscal year, the Central Bank of Egypt (CBE) announced…

EgyptAir has cancelled all flights to and from Gulf Arab cities, the national carrier announced on Monday, citing unfolding regional events and the closure of airspace in several countries. This comes following the Iranian missile attacks on US Airbase in Qatar. In a statement, the airline said: “Due to the…

Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny announced that Egypt has achieved a significant leap in the execution of infrastructure projects for drinking water and sanitation, resulting in substantial improvements in service coverage across both urban and rural areas. El-Sherbiny noted that the total number of drinking water…

Alaa Farouk, Minister of Agriculture and Land Reclamation, affirmed that all bodies affiliated with the ministry are intensifying efforts to bolster Egypt’s food security and shield the agricultural sector from the repercussions of ongoing regional developments, including the escalating Iran-Israel conflict. Farouk noted that although these geopolitical tensions have placed…

Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), met with Italian Ambassador to Cairo, Michele Quaroni, and his accompanying delegation to discuss opportunities for cooperation in Egypt’s rapidly expanding non-banking financial sector and to enhance Italian investments in this promising market. The meeting was also attended by FRA Vice…

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir has ordered the formation of a mini committee to develop effective solutions for combating customs evasion—a practice that poses a growing threat to local industry, state revenues, and product quality in the Egyptian market. The committee,…

The Korea International Cooperation Agency (KOICA) and Beni Suef Technological University (BTU) have organised a job fair and project exhibition to connect graduating students with industry partners. The event, held for the university’s 2025 graduates, aimed to link academic work with professional opportunities. It featured a Capstone Projects Exhibition with…