News

Talaat Moustafa Group (TMG) Holding’s net profit surged 43% in 2025 to 18.2bn EGP, according to the company’s annual financial results. The profit growth followed a 46% increase in total revenues, which reached approximately 62.5bn EGP. The performance was driven by a 50% jump in real estate revenues to 36.7bn…

Egypt’s Minister of Planning, Economic Development Ahmed Rostom met with a high-level delegation from the World Bank, headed by Country Director for Egypt, Yemen and Djibouti Stéphane Guimbert, alongside the Bank’s Cairo-based team, to discuss ways to further deepen the strategic partnership between the two sides. The meeting focused on…

Egypt is finalising procedures to launch a nationwide aerial mineral survey as part of a strategy to attract new investment into gold and mineral exploration, Petroleum and Mineral Resources Minister Karim Badawi said. The announcement came during a meeting with the board of the Mineral Resources and Mining Industries Authority,…

Egypt’s Minister of Housing, Utilities, and Urban Communities Randa El-Menshawy has directed officials to accelerate the regularisation of land status in several new cities and simplify procedures for “serious” applicants. Speaking at a meeting on Sunday, El-Menshawy emphasised the necessity of swift decision-making regarding applications that meet established conditions to…

Egypt is intensifying maintenance and development works along the Holy Family Trail as part of broader efforts to promote religious tourism and maximise the project’s economic returns, Minister of Local Development and Environment Manal Awad said. According to a ministry statement, Awad reviewed a report submitted by inspection committees following…

The Central Bank of Egypt (CBE) announced on Sunday that net foreign assets (NFA) in the Egyptian banking sector increased by a cumulative $20.3 bn throughout 2025, driven by an improved external economic position and favourable exchange rate developments. According to a CBE monetary policy report, the banking sector’s total…

Prime Minister Mostafa Madbouly met with Minister of Industry Khaled Hashem at the government headquarters in the New Administrative Capital to review the ministry’s vision and work plan for the coming phase. At the outset of the meeting, Madbouly stressed that the industrial sector ranks among the government’s top priorities…

President Abdel Fattah Al-Sisi reviewed plans to modernise Egypt’s education system, including the integration of artificial intelligence and programming into school curricula, during a meeting with Prime Minister Mostafa Madbouly and Minister of Education and Technical Education Mohamed Abdel Latif, according to a presidential statement. The education minister outlined ongoing efforts…

Gold prices in the local market rose by EGP 215, or 3.2%, last week, reflecting a similar increase in the global gold price, which rose by $65, or 1.3%. This surge was driven by escalating geopolitical tensions and renewed demand for the precious metal as a safe-haven asset, according to…