SODIC’s net profit surges 77% in 2025

Sixth of October Development and Investment Company (SODIC) delivered a strong set of consolidated financial results for 2025, posting sharp growth in revenues, profitability, and operational performance. The results were driven by robust demand across the company’s portfolio and the successful launch of its flagship East Cairo development, Eastvale. SODIC…

Egypt to import frozen poultry to boost supply ahead of Ramadan

Egypt has agreed to import large quantities of frozen poultry and poultry parts from several countries to increase market supply and lower prices ahead of Ramadan, the ministries of Supply and Agriculture and the Mostaqbal Misr Agency for Sustainable Development said on Sunday. The agreement, reached during a meeting between…

Gold prices drop EGP 150 in local market despite global gains

Gold prices in Egypt’s local market declined by EGP 150, or 2.2%, over the past week, even as global gold prices posted gains, reflecting a correction driven by a narrowing pricing gap between local and international markets. According to a report issued by online gold and jewellery trading platform iSagha,…