Month: May 2026

The Egyptian cabinet, led by Prime Minister Mostafa Madbouly, approved decrees defining the specific portfolios of newly appointed deputy ministers, centralising the state’s oversight of foreign debt, international grants, and massive urban development projects. The decrees specify the responsibilities for deputies in the Ministry of Foreign Affairs and International Cooperation,…

Egypt’s Minister of Local Development and Environment Manal Awad mandated the prompt submission of detailed technical and environmental studies for proposed private sector ecotourism developments in Sharm El-Sheikh’s Peace Park and the Ras Mohammed and Nabq nature reserves. Awad held a meeting with Hossam El-Shaer, chairperson of the Egyptian Federation…

Egypt’s North Coast is rapidly emerging as a sophisticated investment destination for luxury residential and hospitality developments, driven by large-scale infrastructure projects, government-backed master planning and growing international investor interest, according to a new report by JLL. In its latest report, Leveraging Natural Beauty: Unlocking Egypt’s North Coast Residential and…

Prime Minister Mostafa Madbouly reviewed on Tuesday, May 12, 2026, with Investment and Foreign Trade Minister Mohamed Farid the investment zones system as one of the key mechanisms for attracting and stimulating local and foreign investments. During the meeting, the minister outlined the competitive advantages of investment zones, including streamlined…

Talaat Moustafa Group reported strong financial results for the first quarter of 2026, posting a 24% year-on-year increase in net profit to EGP 5.5bn, reflecting the group’s continued operational momentum across its core business segments. The group’s revenues rose 39% year-on-year during the first three months of 2026 to reach…

Egypt’s Health Ministry highlighted the importance of investing in nursing staff and expanding training programs during celebrations marking International Nurses Day, held under the slogan “Supporting nurses saves lives.” Health Minister Khaled Abdel Ghaffar emphasized that nursing staff represent one of the main pillars of Egypt’s healthcare system. The ceremony…

Rayz Developments, the real estate arm of AlShams for Contracting and Engineering Works, has officially entered Egypt’s real estate market with the launch of its first mixed-use project, BRX, in New Cairo. The development reflects the company’s strategy to create integrated commercial and administrative destinations that combine visibility, accessibility, and…

Egypt’s Nasser Social Bank has drafted a budget of EGP 44.7bn for the fiscal year (FY) 2026/27, an increase from the revised EGP 43.8bn for FY 2025/26, as the institution aims to expand social protection programmes and microfinance. The financial plan was outlined during a board of directors meeting at…