Month: January 2026

CAIRO, Jan 18 (MENA) – Prime Minister Mostafa Madbouly said the government is working to maximize the added value of gold within the local market and transform Egypt from a raw gold exporter into an industrial hub. Madbouly made the remarks as he chaired on Sunday the first meeting of…

Sheraton Soma Bay Resort is proud to announce that it has been officially awarded the Marriott TakeCare Certification, a distinguished recognition that underscores the resort’s strong commitment to associate wellbeing, a positive workplace culture, and responsible hospitality practices. The post Sheraton Soma Bay Resort Awarded Marriott TakeCare Certification appeared first…

Granite Financial Holding, a digitally enabled asset management company, has received a fintech licence from the Financial Regulatory Authority (FRA), paving the way for the immediate launch of its proprietary mobile application, the Granite Money Market Account (Granite MMA). The launch follows an FRA decision issued on Thursday authorising Granite…

The Economic Concentration Review Committee at the Egyptian Competition Authority (ECA) has approved a series of significant mergers and acquisitions across multiple sectors. Dar Al-Handasah Consultants (Shair and Partners) will acquire 100% of the shares of John Wood Group. Meanwhile, the SPEBEF 3 Fund, Proparco, the European Bank for Reconstruction…

Egypt’s Minister of Public Enterprises Sector, Mohamed El-Shimy, held a meeting with representatives from the Ready-Made Garments and Home Textiles Chamber, the Textile Industries Chamber, and the Apparel Export Council to discuss ways to strengthen cooperation with companies affiliated to the Holding Company for Cotton, Spinning, and Weaving. According to…

Egypt and South Korea have taken a major step to deepen economic cooperation, with Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, and Yeo Han-koo, South Korea’s Minister of Trade, Industry, and Resources, signing a joint statement on a Comprehensive Economic Partnership Agreement (CEPA) between the two countries. The…

Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny held a regular meeting to review progress on the Central Business District (CBD) project in the New Administrative Capital, as well as the Downtown Towers and Lagoons project in New Alamein City. At the outset of the meeting, El-Sherbiny stressed the…

Gold prices posted strong gains in Egypt over the past week, tracking a parallel rise in global markets, with prices climbing by around 1.9% amid escalating geopolitical tensions and political uncertainty, according to a report by iSagha. Saied Embaby, CEO of iSagha, said local gold prices increased by approximately EGP…

Tarek Soliman, Head of the Livestock and Poultry Development Sector within Egypt’s Ministry of Agriculture and Land Reclamation, said that approvals were granted in 2025 to disburse EGP 1.06bn to 1,122 beneficiaries for the breeding and fattening of 12,438 heads of livestock under the National Veal Project. This brought total…