News

Manal Awad, Minister of Local Development and Environment and Chair of the Supreme Committee for Public Establishments Licensing, announced revised closing hours for shops, restaurants and cafés during the holy month of Ramadan and the Eid Al-Fitr holiday, as an exception to the operating hours stipulated under the committee’s Decision…

Egypt is implementing six petroleum refinery development projects with total investments exceeding $4bn, Minister of Petroleum and Mineral Resources Karim Badawi said. The projects are designed to increase domestic production, boost added value, and reduce the country’s fuel import bill, Badawi said in a statement following a meeting with International…

AlGammal Holding has signed a strategic partnership agreement with Lectrobar to collaborate on the development and expansion of the Lectrobar Busway system, marking a significant step in advancing innovative electrical distribution solutions across the region. The agreement was formalised during a signing ceremony in Cairo on Monday. It aims to…

AlMarasem International for Development is accelerating its expansion in West Cairo with the development of its new residential project, Mar Ville, in New Sheikh Zayed. The company is targeting total sales of around EGP 33bn, reinforcing its strategy to achieve geographic diversification across its real estate portfolio. The launch of…

Egypt’s Minister of Industry Khaled Hashem held discussions with representatives of Nissan Motor Corporation on the company’s plans to expand its operations in the Egyptian market and boost vehicle exports to African countries. The Monday talks come as part of the government’s broader strategy to localise the automotive industry and…

Egypt is preparing 60 state-owned companies for restructuring and investment, including 40 proposed for transfer to the Sovereign Fund of Egypt and 20 undergoing listing procedures on the Egyptian Exchange, Deputy Prime Minister for Economic Affairs Hussein Issa said on Monday. Issa stated that he is currently studying the files…

The U.S. Embassy Cairo partnered with the American University in Cairo’s Venture Lab at the Onsi Sawiris School of Business to host its annual SelectUSA Tech Pitch Competition, spotlighting Egypt’s emerging technology entrepreneurs. Sixteen Egyptian start-ups presented their business concepts before a panel of industry experts for the chance to…

In line with its strategic vision to strengthen regional investments and reinforce its position as a key development partner, Al Salem Holding Group, chaired by Dr. Bahaa Salem, has announced an ambitious expansion plan in the Egyptian market, featuring major multi-sector investments. Since 2019, we have strategically redirected a portion…