News

CAIRO, March 12 (MENA) – Prime Minister Mostafa Madbouly reviewed plans by Talaat Moustafa Group to expand its investments in Egypt during the coming period as part of efforts to increase private sector engagement in the economy. This came during a meeting attended by Minister of Finance Ahmed Kouchouk, Minister…

The Egyptian banking sector witnessed a turbulent close to the trading week as the US Dollar surged to unprecedented heights against the Egyptian Pound. By the end of Thursday’s sessions, the greenback had gained between LE 2.17 and LE 2.45 across ten major lenders compared to the previous week, signaling…

March 2026, Cairo – EgyptNew Era Education proudly announces the launch of Uppingham New Cairo, the latest addition to itsportfolio of world-class British schools in Egypt. Located in New Kairo by G Developments, thismilestone project builds on the success of Uppingham Cairo in New Giza and marks a significant step…

Soma Bay, Red Sea, Egypt – 2026 – Sheraton Soma Bay Resort, part of Marriott Bonvoy’s global portfolio, announces the unveiling of its two newly reimagined Presidential Suites, offering a refined residential-style experience defined by space, privacy and intuitive service. Designed for guests seeking an elevated level of exclusivity, the…

Edita Food Industries reported a strong financial performance for the fiscal year ending 31 December 2025, with revenues reaching EGP 20.9 billion, marking a 29.5% year-on-year increase, while net profit surged 72.6% to EGP 2.4 billion, supported by strong demand and improved margins. The Egyptian snack-food producer delivered an especially…

Minister of Agriculture and Land Reclamation Alaa Farouk held talks with Minister of Planning and Economic Development Ahmed Rostom to review the workflow of joint development projects financed locally and in partnership with international development partners. During the meeting, the two ministers reviewed performance reports on ongoing projects, stressing the…

The Federation of Egyptian Chambers of Commerce (FEDCOC) held an emergency meeting of its High Committee for Crisis Operations to assess the potential economic repercussions of escalating geopolitical tensions linked to the military confrontation between the United States and Iran. According to Ahmed El Wakil, president of the federation, the…