SCZONE secures EGP 30bn long-term CIB financing for infrastructure and port upgrades
The Suez Canal Economic Zone (SCZONE) has secured EGP 30bn in long-term banking finance from Commercial International Bank – Egypt (CIB) over 17 years. This funding will repay and restructure a previous EGP 10bn loan and provide EGP 20bn in
Belmazad, Cairo Finance partner to launch real estate auction platform, debuting with Mansoura asset
Belmazad, a company specialising in online real estate auction management and marketing, has signed a partnership agreement with Cairo Finance, a subsidiary of Banque du Caire, to launch an integrated digital platform for the sale and financing of repossessed real
Egyptian Swiss Group invests $25m to expand pasta production over five years
Egyptian Swiss Group for Pasta, Milling and Concentrates announced plans to expand its production capacity over the next five years with total investments of $20-25m, aiming to achieve EGP 5bn in total sales by the end of 2025, including EGP
Infrastructure projects key to attracting $11bn to Suez Canal Economic Zone: Madbouly
Egypt’s massive investment in infrastructure over the past decade has been crucial in attracting $11bn in foreign direct investment to the Suez Canal Economic Zone (SCZONE), Prime Minister Mostafa Madbouly said on Sunday. Speaking at the end of a tour
Egyptian machinery enters Gaza amid renewed Israeli truce violations
Egyptian machinery and equipment entered the Gaza Strip early Sunday through the Rafah crossing to assist in the search for the remains of Israeli detainees believed to be buried under the rubble of buildings destroyed during Israel’s war on the
RSF claims capture of El Fasher after fierce battles with Sudanese army
The Rapid Support Forces (RSF), a paramilitary group, launched a major assault on El Fasher, the capital of North Darfur, claiming full control of the Sudanese army’s 6th Infantry Division headquarters in one of the fiercest escalations since the conflict
Health minister, Qena governor review progress on key healthcare projects in Upper Egypt
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met on Sunday with Qena Governor Khaled Abdel Halim to discuss ways to accelerate the development of the healthcare system in the governorate and complete ongoing projects aimed at improving medical
Capital Markets Advisors Concludes Advisory Role in Al Baraka Bank Egypt’s Acquisition of Amlak Finance Egypt
Capital Markets Advisors, a subsidiary of Synergy Capital, has successfully completed its role as the exclusive buy-side advisor to Al Baraka Bank – Egypt in its full acquisition of Amlak Finance – Egypt, marking a significant milestone in the local
Egypt Open Junior and Ladies Golf Championship concludes
The Egypt International Junior and Ladies Golf Championship has concluded after three days of competition at the New Giza Golf Club, with nearly 100 players from 15 countries participating. In the ladies’ competition for the Nefertiti Cup, South African player
Hills Developments, Protection Real Estate Development forge strategic partnership to advance urban projects
Hills Developments and Protection Real Estate Development (PRD) have announced a strategic partnership to jointly develop large-scale urban projects, combining their respective strengths in real estate innovation and engineering excellence. The collaboration brings together two leading names in Egypt’s real