News

The Egyptian Ethylene and Derivatives Company (Ethydco) achieved export growth of 5.4%, with dollar sales reaching $211.8m, as the company expands its presence in Latin American, African, European, and Turkish markets, Chairperson Hesham Riad said during the company’s General Assembly. Petroleum and Mineral Resources Minister Karim Badawi told the assembly…

Industrial and Engineering Enterprise Company (IEEC), listed on the Egyptian Exchange, announced that its board of directors approved the financial statements for the fiscal year ending December 31, 2025. The results reveal a significant surge in the company’s financial and operational performance.   Founded in 1952, IEEC is one of…

Egyptian Ministry of Health and Population signed a memorandum of understanding with Roche Diagnostics to establish a national digital pathology network, aimed at enhancing diagnostic capabilities and speeding up cancer detection across Egypt. The agreement was signed at the Egyptian Center for Disease Control (EGYCDC) in the presence of Khaled…

Mostafa Madbouly, Prime Minister of Egypt, chaired a meeting of the Governors’ Council in the New Administrative Capital, stressing the need for intensified field monitoring of markets and commercial outlets to ensure the availability of goods at fair prices. The meeting was attended by Manal Awad, Minister of Local Development…

MRB, a facility management consultancy, has signed an agreement with Bright City Developments to manage and operate the Bright Point Mall project. MRB will also develop and implement the leasing strategy for the mall’s retail brands, marking a notable addition to its portfolio in the area. The Bright Point Mall…

Emtelaak Investment announced that it has obtained approval from the Financial Regulatory Authority (FRA) to establish Emtelaak for Underwriting and Management of Real Estate Investment Funds, chaired by Waleed Shaarawy. The new company will be responsible for managing and underwriting real estate investment funds. This approval follows an earlier step…

Salam Properties has announced its expansion strategy for 2026, focusing on accelerating project execution, diversifying its portfolio, and completing ongoing developments. Walid ElDeeb, Chairperson of Salam Properties, said the company plans to deliver more than nine projects in New Damietta City during 2026. The projects will include residential, commercial and…

Coldwell Banker Egypt organised the first annual ceremony of its CB Link programme, bringing together partners from leading real estate brokerage and marketing companies to celebrate a year of collaboration in the Egyptian property market. Ayman Shalaby, CEO of the CB Link programme, said the initiative recorded significant growth during…

Global energy executives and traders warned that oil prices are set to reach $100 per barrel within days as the near-total halt of shipping through the Strait of Hormuz transforms a long-held worst-case scenario into a reality. The escalating conflict has pushed Brent crude past the $90 mark, with gains…