News

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…

  The Financial Regulatory Authority (FRA) officially approved the establishment of the Al Ahly Green Agricultural Investment Fund on Saturday, 7 March. This initiative addresses the increasing need for investment in agriculture and aligns with the government’s broader strategy to enhance food security and promote economic sustainability. Significant emphasis has…

Minister of Industry Khaled Hashem discussed with officials of Turkey’s Polaris plans to expand industrial zones in Egypt and attract new investments. During a meeting with a delegation headed by Chairman of Polaris Tunç Ozkan, the minister said the state is moving to create a more attractive investment climate through…

EGYPTAIR has denied reports circulating on social media regarding an increase in return ticket prices from Gulf countries to Cairo, stating that claims of price hikes are inaccurate and do not reflect company policy during current regional circumstances. The national carrier affirmed that it has implemented an operational plan to…