Upper Egypt development is top state priority: Minister Awad

Manal Awad, Minister of Local Development and Environment, affirmed that the state places significant emphasis on advancing development in Upper Egypt governorates to enhance citizens’ quality of life and stimulate economic growth. She noted that these efforts aim to create jobs, improve living standards, and upgrade public services. Her remarks…

2026 to mark record offshore well drilling: Petroleum Minister

Minister of Petroleum and Mineral Resources Karim Badawi said 2026 will witness the drilling of the largest number of offshore wells in recent years, underscoring the need for early preparation by Petroleum Marine Services (PMS) to maximise the benefits of these opportunities. The minister described PMS as one of the…

TMG strengthens earnings momentum with EGP 62.5bn in revenues

Talaat Moustafa Group Holding (TMG) reported a 43% year-on-year surge in net profit in 2025, reaching EGP 18.2bn, according to the company’s annual financial results. The strong bottom-line performance was supported by a 46% increase in total revenues, which climbed to EGP 62.5bn during the year. Real estate revenues rose…