Day: July 29, 2026

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,…

Egyptian Minister of Water Resources and Irrigation Hani Sewilam presented Egypt’s integrated water management strategy during a high-level session marking the 50th anniversary of Japan’s Water Day and Water Week, attended by Emperor Naruhito, senior government officials and international water experts. According to Egypt’s Ministry of Water Resources and Irrigation,…

Egyptian real estate developer M squared, the real estate arm of Intro Holding, has signed a one-year athlete sponsorship agreement with Egyptian entrepreneur and HYROX athlete Aly Mazhar to support his competitive journey throughout the 2026-2027 season. Running from July 2026 to July 2027, the partnership will back Mazhar as…

Egypt and Mozambique have signed a memorandum of understanding (MoU) to enhance technical cooperation in the civil aviation sector, marking a new step in strengthening aviation ties between the two African countries. The agreement was signed on the sidelines of AFI Aviation Week 2026, in the presence of Egypt’s Minister…

Egypt’s Deputy Prime Minister for Economic Affairs Hussein Eissa held talks with Deng Zhaojing, President of China National Chemical Engineering Group Corporation (CNCEC), to discuss the company’s plans to expand its investments in Egypt and review progress on its ongoing industrial projects, particularly in the petrochemical and value-added manufacturing sectors.…

A fire broke out on a regasification ship and a storage vessel at Egypt’s Damietta port, with no injuries or human casualties reported, the Ministry of Petroleum and Mineral Resources said. Following the report of the incident, Minister of Petroleum and Mineral Resources Karim Badawi travelled to the site to…