ODE achieves record EGP 32.5bn in real estate sales, marking 67% growth in FY 2024
Orascom Development Egypt (ODE) has announced its consolidated results for Q4 2024, reporting record-breaking financial performance for the fiscal year (FY) 2024. The company achieved EGP 32.5bn in real estate sales, reflecting a 67% year-over-year (YoY) growth, with revenues surging
Egypt launches new initiative for expats to invest in 1.5 Million Feddan Project
In a bid to enhance investment opportunities for Egyptians abroad, the New Egyptian Countryside Development Company has launched a new initiative titled “Your Farm in Egypt,” in collaboration with the Ministries of Foreign Affairs and Migration and Egyptians Abroad Affairs.
Abdelatty outlines priorities for Egyptian foreign policy
Egyptian Minister of Foreign Affairs Badr Abdelatty met with senior officials from the Ministry on Monday, to review operations and discuss key foreign policy priorities. The meeting included Deputy Ministers of Foreign Affairs, Assistant Ministers for geographical and technical sectors,
Renewable energy dominates Egypt’s new investment strategy
Egypt is prioritising renewable energy in its new investment plan to become a regional energy hub, officials announced after a meeting between Planning Minister Rania al-Mashat and Electricity Minister Mahmoud Essmat on Tuesday. The discussions focused on the electricity and
Egypt’s engineering industries exports surge 42% in January 2025
The Engineering Export Council of Egypt (EECE), led by Sherif El-Sayyad, announced that engineering exports increased by 42% in January 2025, reaching $526.2m compared to $371.4m in January 2024. El-Sayyad emphasized that this strong start to the year reinforces the
Mountain View targets EGP 150bn in sales in 2025
Mountain View for Development and Real Estate Investment has set an ambitious target of EGP 150bn in sales for 2025 while planning EGP 50bn in investments, including EGP 18bn allocated to construction. The announcement follows a year of exceptional achievements,
UNODC debuts ‘CHAMPS’ in Egypt to strengthen child protection systems
The United Nations Office on Drugs and Crime (UNODC) has selected Egypt as the first country globally to implement the “CHAMPS” initiative, a groundbreaking initiative aimed at strengthening prevention systems for children up to the age of 18. This decision
Egyptian FM, EU Envoy discuss Horn of Africa security
Egyptian Foreign Minister Badr Abdelatty met with Annette Weber, the European Union’s Special Envoy for the Horn of Africa, on Tuesday, to discuss strategies for bolstering security and stability in the region. The meeting highlighted the importance of continued consultation
Used Porsche Taycans Are Surprisingly Cheap Right Now
Looking for a fancy performance EV for around $50,000? You can get a used Taycan for less than that.
Egyptian, Saudi Foreign Ministers discuss regional cooperation
Egypt’s Foreign Minister Badr Abdelatty held a phone call on March 10 with Prince Faisal bin Farhan, the Foreign Minister of Saudi Arabia, to discuss regional cooperation and key issues. The ministers followed up on the outcomes of the extraordinary