Wadi Degla Developments records EGP 5.6bn in 2025 sales
Wadi Degla Developments recorded total sales of EGP 5.6bn in 2025, alongside the delivery of 1,500 residential units, maintaining a steady execution pace of around three units per day. This marks the third consecutive year the company has sustained this
Egyptian-Italian alliance targets $10bn mega projects across Egypt, Gulf
Precision Consulting Engineering (PCE) has announced a strategic partnership with RECS Architects to expand integrated architectural and consultancy services across Egypt and Gulf markets. The agreement, signed by PCE Chairperson Waleed Sweida and Pier Maria Giordani, aims to establish a
Madaar Developments unveils The Hillage in Sheikh Zayed with EGP 15bn investments
Madaar Developments has officially launched its latest residential project, The Hillage, in the heart of Sheikh Zayed City, positioning it as one of the final prime land opportunities in the area. The project comes with total investments exceeding EGP 15bn
Al-Sisi reaffirms Egypt’s support for Kuwait’s security, calls for deeper economic ties
Egypt’s President Abdel Fattah Al-Sisi has reaffirmed Egypt’s full support for Kuwait’s security and stability, rejecting any violation of its sovereignty and stressing that the security of Kuwait and other Arab states is integral to Egypt’s national security. According to
Madbouly inaugurates Sinai plastics factory, reviews transport projects
Egyptian Prime Minister Mostafa Madbouly inaugurated the National Sinai for Plastic Industries (NSPI) factory in Bir El-Abd, as part of a broader tour of development and infrastructure projects across North Sinai, underscoring the government’s commitment to accelerating economic growth in the
Iran warns ships near Hormuz as regional tensions escalate amid fragile ceasefire
Iran has escalated its warnings over maritime movement in the Gulf and the Strait of Hormuz, cautioning vessels against approaching the strategic waterway as tensions persist with the United States and Israel and uncertainty deepens over a fragile ceasefire and
Deputy PM explores deeper cooperation with US financing, development institutions
Hussein Eissa, Deputy Prime Minister for Economic Affairs, has participated in a joint Egyptian-American working session hosted by Motaz Zahran, Egypt’s Ambassador to the United States. The meeting brought together Mohamed Farid Saleh, Minister of Investment and Foreign Trade; Samar
Egypt’s anti-money laundering unit, UN, seek closer ties to target transnational financial crime
Egypt and the United Nations peacebuilding office have committed to expanding partnerships to combat illicit financial flows and transnational crime, citing the need for intensified international collaborative measures amid current global geopolitical tensions. The commitment was outlined during a Sunday
The Spine: New hub for finance, business and tourism in Egypt by 2026
In a landmark move poised to redefine Egypt’s urban and economic landscape, Talaat Moustafa Group (TMG) has unveiled its most ambitious development to date: The Spine in Madinaty. With investments exceeding EGP 1.4trn and targeted sales of more than EGP
Opinion | The Egyptian pound: Between stability gains and cautious outlook
The recent strengthening of the Egyptian pound (EGP) against the US dollar towards the end of last week’s trading was not merely a random fluctuation or a simple market reaction to easing geopolitical tensions and cautious optimism over a potential