Day: December 21, 2025

India’s Taj Hotels will enter the Egyptian market for the first time to manage and operate Cairo’s historic Continental Hotel under an agreement signed on Sunday, marking a strategic step to revive the 19th-century landmark. The contract was signed at the government headquarters in the New Cairo City by Hisham…

Remittances from Egyptians working abroad recorded unprecedented inflows during the first 10 months of 2025, reaching approximately $33.9bn, compared with around $23.7bn in the same period of the previous year, the Central Bank of Egypt (CBE) announced on Sunday. On a monthly basis, remittances rose by 26.2% year-on-year in October,…

In the quiet corners of the Russian-African Ministerial Conference this weekend, the traditional image of Egyptian diplomacy—often focused narrow-mindedly on the Nile—gave way to something far more expansive. Whether discussing renewable energy tenders in South Africa or the first shipment of medical equipment to a new heart centre in Kigali,…

The Central Bank of Egypt (CBE) recently organized a seminar on “Current and Emerging Regulatory Developments”, attended by representatives from approximately 23 African central banks, members of the Association of African Central Banks (AACB). The event underscores Egypt’s leading role in fostering cooperation and knowledge exchange among African financial institutions.…

Egypt has climbed 47 places in the World Bank’s 2025 Digital Government Maturity Index, ranking 22nd globally and consolidating its position among the world’s leading digital governments in Category (A), the index’s highest tier. Egypt achieved a maturity score of 0.911 out of 1, a marked improvement from its 69th-place…

Egypt’s Minister of Civil Aviation, Sameh Elhefny, received on Sunday Hamad Obaid Al-Zaabi, the newly appointed Ambassador of the United Arab Emirates (UAE) to Egypt, at the ministry’s headquarters to discuss ways to strengthen bilateral cooperation in the civil aviation sector. Elhefny welcomed the UAE ambassador and wished him success…

Egypt is enlisting private sector firms to manage and operate state-owned textile factories following the expenditure of billions of Egyptian pounds on development projects, Prime Minister Mostafa Madbouly said on Sunday. Madbouly stated during a meeting at the government headquarters in the New Administrative Capital that the move aims to…

ZAYA Developments has officially launched its new residential project, HOM, in 6th of October City, as part of the company’s expansion strategy in West Cairo. The HOM development spans 24 feddans and will deliver approximately 400 residential units in its first phase, with unit sizes ranging from 60 to 170…

Housing and Development Properties (HDP), the real estate arm of Housing & Development Bank, has signed a cooperation agreement with EPower to manage, operate, and maintain electricity and water networks across several of its residential developments. The agreement aims to ensure the efficient operation of utility infrastructure and enhance service…