Al-Sisi reviews Egypt’s financial performance, FY 2025/26 budget goals
President Abdel Fattah Al-Sisi met with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk on Sunday to discuss the state’s financial performance indicators and the key features and targets of the upcoming fiscal year (FY) 2025/26 budget. The new
Housing Ministry to facilitate real estate funds in Egypt to attract foreign investment
Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny stated that the ministry is continuously working to develop the real estate sector to drive economic growth and provide suitable housing opportunities for citizens. This effort includes future strategies to enhance
Al Ismaelia to invest EGP 300m in property development during 2025
Al Ismaelia for Real Estate Investment has announced its 2025 strategy, reinforcing its commitment to revitalizing Downtown Cairo as a leading cultural, touristic, and investment destination. The company unveiled several transformative projects at a memorial event marking the 130th anniversary
ACUD, Côte d’Ivoire Embassy sign agreement for new headquarters in New Capital
The Administrative Capital for Urban Development (ACUD) and the Embassy of the Republic of Côte d’Ivoire in Cairo have signed a land sale agreement for a 5,000-square-meter plot, where the new embassy headquarters and the ambassador’s residence will be constructed
Il Cazar, STM Investment partner to launch Stoda in East Cairo
Egyptian real estate developer Il Cazar has announced a partnership with STM Investment, a diversified Egyptian company specializing in real estate development, education, clubs, shopping malls, investments, and technology. This collaboration aims to launch a series of real estate projects
Edita Food Industries Reports Record-Breaking Revenues of EGP 16.1 Billion in FY2024
Edita Food Industries S.A.E. has announced a milestone year, with revenues soaring 33.2% year-on-year (y-o-y) to reach EGP 16.1 billion in 2024. The company’s strategic diversification, successful pricing strategies, and regional expansion efforts have played a pivotal role in its
Developers face cash flow challenges, rely on unsold inventory to offset costs
Chairperson of Mazaya Developments, Mohamed Allam, emphasized the critical role of calculating a company’s final cash income after deducting expenses and costs from revenues. The resulting positive or negative balance ultimately determines a developer’s financial strength, execution capabilities, and ability
Elsewedy invests $500m in submarine cable factory West of Damietta
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry, oversaw the signing of a Memorandum of Understanding (MoU) between the Holding Company for Maritime and Land Transport and Elsewedy Electric. The agreement aims to foster
Deputy PM discusses mechanisms, regulations for organizing industrial development
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, convened a comprehensive meeting with Mahmoud Esmat, Minister of Electricity and Renewable Energy, Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, and a group of
Gold prices surge 1.8% over past week: Gold Bullion
Gold prices declined on Friday, yet the precious metal achieved gains over the past week due to safe-haven inflows and a US jobs report revealing lower-than-expected job growth in February. This suggests that the Federal Reserve may be on track