Category: News

Egyptian exports rose by 37.4% year-on-year in June 2026, reaching $5bn, compared with $3.6bn in June 2025, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). In its monthly bulletin on foreign trade data, issued on Monday, CAPMAS said the increase was mainly driven by higher export values…

Commercial International Bank – Egypt (CIB) has successfully completed the first EGP 1.383bn securitisation issuance for Capital Securitization Company on behalf of the Micro, Small and Medium Enterprises Development Agency (MSMEDA), the bank announced.   The transaction marks the inaugural issuance of a three-year securitisation programme with a total value…

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has granted four companies approval to conduct a number of non-banking financial activities using financial technology (fintech), through its Committee for Reviewing Applications to Use Financial Technology. The approvals are part of the FRA’s ongoing efforts to expand the beneficiary base…

Egypt’s Planning and Economic Development Minister Ahmed Rostom held a meeting with Vijay Krishnan, Chief Financial Officer of Americana Foods, and Saqib Awan, the group’s General Counsel and Company Secretary, at the start of his visit to the UAE to participate in the 15th AIM Investment Summit. The meeting discussed…

Egypt will continue implementing its government offering programme by selling stakes in state-owned companies to increase private sector participation in the economy, Prime Minister Mostafa Madbouly stated.   The planned stake sales align with the targets of the State Ownership Policy Document and aim to enhance the private sector’s role…

المالديف، سبتمبر 2026 على بُعد 40 دقيقة فقط بالقارب السريع من مطار فيلانا الدولي، يصل الضيوف إلى VARU by Atmosphere في شمال ماليه أتول، حيث تبدأ العطلة باستقبال مالديفي تقليدي على إيقاعات طبول Boduberu، في أجواء تعكس روح الجزيرة منذ اللحظة الأولى. يحمل اسم VARU في لغة الديفيهي المحلية معاني…

Sungrow recently launched its energy storage manufacturing facility in Egypt’s Suez Canal Economic Zone, with a planned annual production capacity of 10 GWh and operations set to begin in June 2027. The facility’s initial production will support the Sustainable Energy Valley project in Egypt’s Minya Governorate, jointly developed by the…

Modon Developments is investing around EGP 5bn in its Green River Tower project in the New Administrative Capital, with approximately EGP 1bn already deployed, according to Jihad Fathy, the company’s Head of New Capital Projects. Fathy said construction completion has reached around 52%, with the company targeting completion of the…

Aqar Exit has launched Egypt’s first index tracking the real estate assignment market, aiming to monitor activity involving existing property contracts and analyse trends in supply, demand, liquidity, and purchasing power. The index is based on preliminary data recorded between August 8 and September 5, 2026. Mahmoud Ammar, Founder and…

M squared, the real estate arm of Intro Holding, announced that its Masyaf Ras Al Hekma destination has reached approximately 41% overall construction completion, as development accelerates across the 1,546-unit project and construction begins on Phase 2. Construction is currently underway across the entirety of Phase 1, comprising 347 units…