Day: August 6, 2025

Madinet Masr, one of Egypt’s leading urban community developers, has announced the launch of its latest flagship project, Talala, in New Heliopolis City, with total investments of EGP 90bn. The project is projected to generate estimated sales of EGP 202bn, underscoring the company’s commitment to supporting and developing the Egyptian…

The Ismailia Free Zone has secured new investments from nine Chinese and Turkish companies, with a combined value of $41.6m. The projects cover textiles, ready-made garments, protective and sportswear, and the manufacture of spare parts for heating and plumbing equipment. Together, they are expected to generate approximately 16,000 direct jobs.…

The Board of Directors of the Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued Decision No. 125 of 2025, introducing—for the first time—comprehensive rules for establishing digital platforms dedicated to investing in real estate investment fund (REIF) certificates. The regulation sets out a framework allowing individuals to invest…

Egypt’s Electricity Minister Mahmoud Essmat met with Alexei Kononenko, Vice President of AtomAstroyExport and Project Manager of the El Dabaa Nuclear Power Station, along with his accompanying delegation, to discuss strengthening cooperation, enhancing coordination, and advancing joint efforts to increase the share of locally manufactured components in joint projects. The…

Egypt’s Holding Company for Biological Products and Vaccines (VACSERA) has signed a memorandum of understanding (MoU) with UAE-based Al Qalaa Investments and China’s Red Flag to expand its capacity in human and veterinary vaccine production and develop plasma-derived therapies, the Ministry of Health announced on Monday. Health Ministry spokesperson Hossam…

Prime Minister Mostafa Madbouly announced on Wednesday that President Abdel Fattah Al-Sisi has approved 1 November as the official date for the complete opening of the Grand Egyptian Museum (GEM). Speaking at the start of the weekly Cabinet meeting, held at its headquarters in the New Administrative Capital, Madbouly instructed…

Egypt’s Petroleum Minister has inspected the start of operational trials for a new floating gas terminal in Jordan’s port of Aqaba, a facility set to secure energy supplies for both countries by feeding imported liquefied natural gas (LNG) into the shared Arab Gas Pipeline, the ministry said. In a statement…

Egypt and Vietnam discussed implementing directives from a presidential summit to boost economic ties, particularly in trade, manufacturing, and investment, during a meeting between Egyptian Planning Minister Rania Al-Mashat and Vietnamese Deputy Prime Minister Bui Thanh Son in Cairo on Wednesday. The meeting took place during an official visit by…

Egypt and Vietnam signed a Memorandum of Understanding (MoU) to enhance cooperation in economic development, witnessed by Egyptian President Abdel Fattah Al-Sisi and his Vietnamese counterpart, Luong Cuong, during a summit in Cairo.   The MoU was signed by Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat,…