Category: News

Emtelaak Group has obtained a licence from the Financial Regulatory Authority (FRA) for Emtelaak Real Estate Projects Fund Company to operate a real estate investment fund, as the group moves to develop investment products linked to different segments of the property market. The licence will enable the company to develop…

City Edge Developments has signed a nine-year agreement with a consortium comprising Al Ashraaf Developments, SAM Developments, and AWG to lease and operate Mazarine Boulevard in New Alamein City. The agreement is part of City Edge’s strategy to enhance the operational and investment value of its projects and develop integrated…

Minister of Industry Khaled Hashem and Minister of Communications and Information Technology Raafat Hindi witnessed the signing of a cooperation protocol between the Industrial Modernisation Centre (IMC) and Middle East Communication Systems (MCS) to strengthen digital transformation and cybersecurity across Egypt’s industrial sector. The protocol was signed by Assistant Minister…

Mohamed Farid, Minister of Investment and Foreign Trade, stressed the importance of Egyptian companies’ efforts to expand production, increase the use of local components, and strengthen their ability to access foreign markets. He directed full coordination between the ministry’s entities and factories to boost investment and promote exports. Farid made…

The ninth Cairo Water Week will run from October 25 to 29, with 11 ministers and special envoys confirmed to attend and 114 technical and scientific sessions planned, as organisers place water security, peace, and sustainable development at the centre of this year’s programme. Water Resources and Irrigation Minister Hani…

One in four senior leaders surveyed in Egypt believed no member of their senior team was ready to step into the top role, according to the Leadership Pulse 2026 survey conducted by Atruk Athar Consultancy. The finding highlighted the need to strengthen leadership development, the firm said, as it hosted…

DALTEX Corporation, a leading Egyptian agribusiness with an integrated portfolio spanning agricultural production, fresh produce and irrigation solutions, has entered into a strategic partnership with China-based Irritech, a specialist in large-scale irrigation systems. Under the agreement, DALTEX will serve as the exclusive seller of Irritech’s irrigation solutions in Egypt, Algeria…

Egypt is targeting around $3bn in new investments in the fertilizer industry, with five major projects expected to increase domestic production by between 2 million and 3 million tonnes annually over the next three years, according to Mostafa Sherif El-Gabaly, Deputy Chairperson of the Chemical and Fertilizers Export Council. El-Gabaly…

EFG Holding said on Tuesday it had secured a $40m four-year term loan from the European Bank for Reconstruction and Development to support the expansion of financing for micro, small and medium-sized enterprises in Egypt. EFG Holding, a financial institution with a universal bank in Egypt and the leading investment…

The Central Bank announced on Monday that remittances from Egyptians working abroad increased by 28.1 percent during the first seven months of 2026, recording approximately $29.7 billion, compared to around 23.2 billion dollars during the same period last year. The bank explained that remittances from Egyptians working abroad continued their…