2026 to mark record offshore well drilling: Petroleum Minister

Minister of Petroleum and Mineral Resources Karim Badawi said 2026 will witness the drilling of the largest number of offshore wells in recent years, underscoring the need for early preparation by Petroleum Marine Services (PMS) to maximise the benefits of these opportunities. The minister described PMS as one of the…

TMG strengthens earnings momentum with EGP 62.5bn in revenues

Talaat Moustafa Group Holding (TMG) reported a 43% year-on-year surge in net profit in 2025, reaching EGP 18.2bn, according to the company’s annual financial results. The strong bottom-line performance was supported by a 46% increase in total revenues, which climbed to EGP 62.5bn during the year. Real estate revenues rose…

Govt finalized post-IMF deal’s economic vision – PM

CAIRO, Feb 22 (MENA) – Prime Minister Mostafa Madbouly said the Ministry of Planning and Economic Development plays a central role in shaping Egypt’s economic direction, noting that the government has finalized a post-IMF agreement national economic program based on the National Narrative for Comprehensive Development. During a meeting at…

Experience the Magic of Ramadan Nights at Safir Hotel Cairo

CAIRO, EGYPT – This holy month, Safir Hotel Cairo invites you to rediscover the true spirit of Ramadan with an exquisite blend of tradition, elegance, and world-class hospitality. Experience a curated experience designed to create “unforgettable moments” for you and your loved ones. Iftar at Palms: A Global Feast with…

Talaat Moustafa Group 2025 profit rises 43% to 18.2bn EGP

Talaat Moustafa Group (TMG) Holding’s net profit surged 43% in 2025 to 18.2bn EGP, according to the company’s annual financial results. The profit growth followed a 46% increase in total revenues, which reached approximately 62.5bn EGP. The performance was driven by a 50% jump in real estate revenues to 36.7bn…

Egypt to launch nationwide aerial survey for mineral exploration

Egypt is finalising procedures to launch a nationwide aerial mineral survey as part of a strategy to attract new investment into gold and mineral exploration, Petroleum and Mineral Resources Minister Karim Badawi said. The announcement came during a meeting with the board of the Mineral Resources and Mining Industries Authority,…