Egypt approves TMG’s 506-acre ‘The Spine’ investment zone in New Cairo

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…

IMF to provide $1.774 billion to Egypt following final Executive Board approval

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…

Adidas, Way Up Sports and the Egyptian Handball Federation Announce Strategic Partnership to Drive the Next Era of Egyptian Handball

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…