Month: July 2026

The IMF board approved a $1.8bn disbursement for Egypt following the seventh review under its Extended Fund Facility (EFF) arrangement and the second review under its Resilience and Sustainability Facility (RSF) arrangement. The completion of the reviews under the 48-month EFF and RSF arrangements enables Egyptian authorities to immediately draw…

Egypt’s Cabinet has approved the establishment of a special investment zone, The Spine, within the Madinaty development in New Cairo, paving the way for one of the country’s largest mixed-use investment projects with planned investments of approximately EGP 1.4tn. The decision, approved during the Cabinet’s weekly meeting on Thursday, authorizes…

The Executive Director at the International Monetary Fund (IMF) representing the Arab Group and Maldives on the Executive Board, Mohamed Maait, anticipates the transfer of the seventh tranche under the Extended Fund Facility (EFF) program with Egypt, alongside the second tranche under the Resilience and Sustainability Facility (RSF)—totaling $1.774 billion—within…

More Than a Place to Live. A home is no longer defined solely by its architecture or amenities—it is increasingly shaped by the opportunities that surround it. Recognising this shift, La Vista Developments has taken another step towards creating more holistic residential destinations through a strategic partnership with Europa Schule…

Cairo, Egypt, July 30th – adidas today announced a strategic partnership with the Egyptian Handball Federation (EHF), becoming the federation’s official sportswear partner. The agreement was formalised during a ceremony held at the Ministry of Youth and Sports, attended by Minister Gohar Nabil, representatives from the Egyptian Handball Federation, adidas…

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has authorised mortgage finance companies to provide financing through a syndicated financing model, allowing multiple lenders to jointly finance customers purchasing high-value property units, provided each participating company complies independently with all laws and regulations governing mortgage finance activities. The decision…

Egypt is seeking to deepen industrial cooperation with India by attracting more Indian manufacturers and industrial developers to invest in the country, Minister of Industry Khaled Hashem said during a meeting with India’s Ambassador to Egypt, Suresh K. Reddy. The meeting focused on expanding bilateral industrial cooperation and exploring investment…

Egyptian Minister of Local Development and Environment Manal Awad and Minister of Industry Khaled Hashem held a meeting with Amr Abdel Moneim, Chairperson of the Upper Egypt Development Authority, to discuss mechanisms for supporting the authority’s industrial and development projects across Upper Egypt. The meeting was attended by Nahed Youssef,…