العربية

Day: August 11, 2025

Egypt to receive first train for Metro Line 4 in May 2026

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has met with the Japanese Ambassador to Cairo, Fumio Iwai, to review the progress of joint projects and discuss future cooperation in the transport and industrial sectors. At the outset of the meeting, Al-Wazir expressed his…

Empowering private sector key to expanding in African markets: Finance Minister

Finance Minister Ahmed Kouchouk affirmed the government’s commitment to empowering Egypt’s private sector, particularly in its efforts to expand into African markets. He stressed that the sector has consistently demonstrated agility, growth potential, and competitiveness when supported by a more investment-friendly business environment. Speaking during a meeting with the Investment…

PM Madbouly reviews progress of 1.5 Million Feddan Project

Egypt’s Prime Minister Mostafa Madbouly met on Monday with Amr Abdelwahab, Chairperson of the Egyptian Countryside Development Company (ECDC), to follow up on the progress of the national 1.5 Million Feddan Project—one of Egypt’s most significant strategic initiatives. At the start of the meeting, the Prime Minister emphasized the importance…

Egypt’s TMG H1 profit jumps as sales hit record EGP 211bn

Talaat Moustafa Group Holding (TMG), Egypt’s largest listed real estate developer, on Sunday reported a 69% jump in its first-half consolidated net profit after tax, driven by record real estate sales and strong growth in its hotel and services sectors. The company’s consolidated net profit after tax rose to roughly…

Egypt’s Economic Outlook Remains Resilient Amid Global Headwinds, Says Standard Chartered

Cairo, Egypt, 10 August, 2025 – Amidst global shifts particularly in the United States, China and the Euro-area, Egypt’s economic outlook remains robust, characterised by sustained macroeconomic stability, according to Standard Chartered’s (“the Bank”) latest report, Global Focus – Economic Outlook H2-2025.Strong foreign exchange inflows from portfolio investments and official…