News

A-Plus Developments has announced that it has obtained the ministerial decree for its Jiran Residence project in October Gardens, West Cairo, marking a key regulatory milestone. The company stated that construction had already commenced more than two months ago following the issuance of excavation permits, with the project currently in…

Free Brokers has announced that it recorded EGP 1bn in third-party sales during the first quarter (Q1) of 2026, as it targets total sales of EGP 4bn by year-end. Since its launch, the platform has surpassed 1,000 sales transactions, reflecting growing adoption among real estate marketers. According to CEO Ahmed…

Minister of Petroleum and Mineral Resources Karim Badawi called for accelerating work on the Assiut diesel production complex to help reduce imports and boost local supply. During a virtual meeting of Assiut National Oil Processing Company (ANOPC), the minister said that the project plays an important role in increasing domestic…

The government is working to offer more attractive economic opportunities to boost investment inflows, with over 20 new projects planned under the public-private partnership (PPP) system, Finance Minister Ahmed Kouchouk said on Sunday, April 12, 2026. In statements, Kouchouk affirmed that the government remains committed to advancing economic reforms aimed…

An economist at Moody’s Analytics, Dominic Bartos, said that the Gulf Cooperation Council (GCC) countries are facing an unprecedented crisis due to the Iran war, raising concerns about the potential postponement or cancellation of their previously announced investments in Egypt. Bartos added that the Egyptian economy was in a strong…

With the Central Bank of Egypt (CBE) maintaining interest rates at 19% for deposits and 20% for loans to combat inflation, many investors are looking for stable returns, Youm7 reported. Against this backdrop of monetary tightening, the National Bank of Egypt (NBE) continues to offer a diverse range of certificates…

Cairo, April 9, 2026; the Ambassador of Italy to Egypt H.E. Mr. Agostino Palese will confer upon prominent Egyptian businessman Naguib Sawiris the title of Grand Officer of the “Ordine della Stella d’Italia” (Order of the Star of Italy), one of Italy’s highest civilian honors. The distinction recognizes Mr. Sawiris’…

Opella Egypt is scaling up its commitment to the local market with total investments of approximately EGP 1bn over the past decade, as the global self-care giant doubles down on local manufacturing, portfolio expansion, and youth development while ruling out an immediate stock market listing. The company, which serves an…

The Egyptian Exchange (EGX) closed higher on Wednesday, April 8, 2026, supported by buying from local, Arab, and foreign institutions and investment funds, while individual investors tended toward selling. Market capitalization of listed companies gained around LE 71 billion to reach LE 3.400 trillion by the close of trading. Total…

Indorama Egypt Fertilisers has signed a contract to establish a new phosphate fertiliser plant in the Suez Canal Economic Zone (SCZONE) with a first-phase investment of $525m, targeting 80% of its production for export. The agreement, witnessed by Prime Minister Mostafa Madbouly at the government headquarters in the New Administrative…