Day: May 3, 2026

The Sovereign Fund of Egypt has selected investment bank EFG Hermes to manage the offering of an approximate 20% stake in state-owned Misr Life Insurance on the Egyptian Exchange. The target date for executing the offering is before the end of the second half of this year, according to estimates…

Egyptian President Abdel Fattah Al-Sisi reaffirmed Egypt’s full support for the African Development Bank Group (AfDB), stressing its crucial role in financing development and infrastructure projects across Africa amid growing economic and geopolitical challenges. In a statement, Egypt’s presidency said Al-Sisi met with African Development Bank Group President Sidi Ould…

Egypt’s economic trajectory is “reassuring” and maintains a strict balance between stimulating production and exports while ensuring fiscal discipline, Minister of Finance Ahmed Kouchouk said. Speaking at a new round of the Egyptian-European economic dialogue in Cairo, Kouchouk said the government has taken proactive measures to ensure a positive and…

Livingyards has announced that the total investment value of its project portfolio has exceeded EGP 30bn, with targeted revenues projected to surpass EGP 50bn in the coming years. As part of its growth strategy, the company appointed Abdullah Lotfy as Managing Director to strengthen operations and support the next phase…

Arady Misr for Planning and Project Management has announced the launch of “Masri”, an artificial intelligence agent designed to organize and analyze Egypt’s land market. According to the company, the system aims to move the market away from fragmented information and individual assessments toward a more structured, data-driven approach. The…

K Developments has launched Palencia Plaza, a mixed-use project in Shorouk City, east Cairo, with investments estimated at EGP 1.5bn. The development forms part of the company’s expansion strategy in commercial, administrative, and medical real estate. Chairperson Omar El-Fayoumi said the project reflects K Developments’ focus on areas with rising…

Monterra Developments has entered Egypt’s real estate market through an Egyptian-Russian partnership, launching its first project, Monterra Bay, on the North Coast with investments estimated at EGP 25bn. CEO Mohamed Maamoun said the partnership combines financial investment with technical expertise, reflecting broader economic ties between Egypt and Russia. He noted…

Delta Capital for Urban Development has signed a strategic partnership with Emirates Global Investment (EGRI), a subsidiary of NCE Group, to develop a portfolio of mixed-use projects in Egypt with total estimated investments of $500m. The agreement establishes a joint Egyptian-Emirati real estate alliance aimed at developing approximately 500 feddans…

Mountain View has commenced handover procedures for its “MV 1.1” project in New Cairo, less than four years after launch. The milestone follows a field visit by senior management to assess construction progress and readiness. The tour was led by Chairperson Amr Soliman, joined by Co-CEOs Wael Lotfy and Wael…

The Suez Canal Authority (SCA) announced on Sunday that the world’s largest and newest liquefied natural gas (LNG)-powered container ship, the CMA CGM GRAND PALAIS, successfully completed its maiden transit through the waterway. The mega-ship, operated by the French shipping line CMA CGM, crossed as part of the southbound convoy.…