Banque Misr posts EGP 68.35bn in net profits during M9 2025

Banque Misr reported net profits of EGP 68.353bn during the first nine months of 2025, up from EGP 60.457bn in the same period of 2024, according to the bank’s financial statements. Profits before tax reached EGP 108.328bn over the period, compared with EGP 93.345bn a year earlier. Net interest income…

TMG to launch post-AI project and begin Noor city deliveries in 2026

Talaat Moustafa Group (TMG) is set to launch “The Spine”, a 2.4 million square metre project in East Cairo utilizingpost-artificial intelligence technologies, and will commence deliveries of the first phase of its Noor city development in 2026. The Spine project, located within the group’s Madinaty development, is designed to incorporate…

Egypt’s agricultural exports surpass 9 million tons in 2025

The Egyptian Minister of Agriculture, Alaa Farouk, announced that agricultural exports surpassed 9 million tons in 2025. In a televised interview with Al-Qahera News (Cairo News), Farouk clarified that Egypt’s agricultural exports reached a total of 9.2 million tons. He noted that citrus fruits led the exports at 2.10 million…

Egypt receives $3.5 Bln in Samla, Alam Al-Roum development

CAIRO, Dec 30 (MENA) – Egypt has received $3.5 billion as part of an investment deal to develop Samla and Alam Al-Roum area on the Northwest Coast in Matrouh Governorate. The project is an investment partnership between the Ministry of Housing, Utilities, and Urban Communities and Qatari Diar Co, signed…

MSMEDA expands marketing support for SMEs: Rahmy

Basil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), reaffirmed the agency’s commitment to providing strong marketing support to small and medium-sized enterprise owners by facilitating their participation in various exhibitions, particularly international fairs, to help develop their products and expand access to regional and global…