News

MARAKEZ, one of Egypt’s leading mixed-use real estate developers, has secured an EGP 3bn project finance facility from Kuwait Finance House Bank – Egypt (KFH-Egypt) to support the expansion of its commercial and administrative offerings at District 5, underscoring strong demand for premium office spaces and the company’s continued growth.…

Egypt’s Ministry of Health and Population announced that the state-owned Holding Company for Biological Products and Vaccines (VACSERA) has hosted a delegation from GenVax Egypt and China’s Minhai, as part of efforts to localise production of a key childhood vaccine. The visit aims to fast-track implementation of a “gap analysis”…

Bel Group has reinforced its commitment to Egypt with nearly €150m in investments focused on industrial excellence, digitalization, and advanced production technologies. After more than 28 years in the Egyptian market, the company is strengthening its role as a regional hub while supporting the delivery of healthier, more accessible food…

The Financial Regulatory Authority (FRA) has issued regulations governing insurance operations covered by the Government Fund for Insurance against Risks Arising from Medical Errors, as part of efforts to enforce the provisions of the Unified Insurance Law and the Law Regulating Medical Liability and Patient Safety. The regulations set out…

Egypt and the African Development Bank (AfDB) have signed a $170m agreement for the second phase of the Private Sector Development and Economic Diversification Support Program (PSD-EDSP II) to support the state budget and advance structural reforms. The Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, and AfDB…

Egypt’s Prime Minister Mostafa Madbouly has ordered the immediate implementation of the “Medical Capital City for Hospitals and Educational Research and Training Institutes” following directives from President Abdel Fattah Al-Sisi. During a meeting on Monday to track the project’s progress, Madbouly described the development as a significant addition to Egypt’s…

Egyptian real estate developer Madinet Masr reported a strong performance in 2025, achieving record new sales of approximately EGP 52.1bn. During the year, the company sold 4,462 units, while the number of delivered units rose sharply to 1,941 units, compared with 645 units in 2024, representing a 201% year-on-year increase.…

Egypt’s Ministry of Planning, Economic Development and International Cooperation witnessed the signing of a Memorandum of Understanding between the German Agency for International Cooperation (GIZ) and the International Fund for Agricultural Development (IFAD) to enhance climate-resilient agricultural and rural development. The agreement, which operates under the framework of Egypt’s “NWFE”…