Gold Star Fashion invests $4.5m in garment factory at West Qantara
The Suez Canal Economic Zone (SCZONE) has signed an investment agreement with Chinese apparel manufacturer Gold Star Fashion to establish a garment production facility in the West Qantara Industrial Zone. The agreement, signed at SCZONE’s headquarters in the New Administrative
MSMEDA injects EGP 2.6bn to support over 95,000 small, micro projects in Qena
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), announced that the agency has provided EGP 2.6bn in funding for over 95,000 small and micro projects in Qena between July 2014 and December 2024. This initiative
CI Capital, Compass launch EGP 3bn C3 Fund to invest in EGX-listed equities
CI Capital Holding and Compass Capital for Financial Investments announced on Monday the launch of Egypt’s first onshore private equity fund, C3 Capital Fund 1, with a target size of EGP 3bn at final close. The fund is dedicated to
German investors eye Egypt as key market, multiple trade delegations expected in 2025
German investors are showing a strong interest in Egypt’s economic potential, recognizing the country’s strategic opportunities and ongoing market reforms, according to Maren Diale-Schellschmidt, CEO of the German-Arab Chamber of Industry and Commerce (AHK Egypt). She emphasized that Egypt’s economic
Mortgage finance in Egypt reaches EGP 81.22bn, benefiting 617,500 citizens
Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund (SHMFF), announced that total mortgage financing in Egypt has reached approximately EGP 81.22bn, benefiting 617,500 recipients through 22 banks and eight mortgage finance companies. She noted that direct
Reportage Egypt targets EGP 6bn in sales for 2025
Reportage Egypt aims to achieve EGP 6bn in sales in 2025, doubling its success from the previous year, according to Eslam Hammam, Regional Chief Commercial Officer at Reportage Properties. The company recorded EGP 3bn in sales from its flagship project,
The MarQ Communities delivers first residential units at The MarQ Gardens in New Cairo
The MarQ Communities has begun handing over the first batch of residential units at The MarQ Gardens, its flagship project in New Cairo. During a press conference, Amr Badr, Chairperson and CEO of The MarQ Communities, announced that the company
Egyptian PM reviews projects with Electricity, Investment Ministers
Prime Minister Mostafa Madbouly on Sunday met with Mahmoud Essmat, Minister of Electricity and Renewable Energy, and Hassan El-Khatib, Minister of Investment and Foreign Trade, to discuss and review several joint projects. The meeting took place at the New Administrative
Egypt’s Transport Ministry calls for increased use of Ro-Ro shipping to boost exports to Europe
The Egyptian government, in its ongoing efforts to expand exports to European and global markets and strengthen the national economy, has launched a Ro-Ro (roll-on/roll-off) shipping line between Damietta Port and Italy’s Trieste Port. The first voyage of this initiative
Egypt explores industrial zone development with Türkiye’s Polaris Parks
Mohamed El-Shimy, Egypt’s Minister of Public Enterprises Sector, met with a delegation from Turkish industrial zone developer Polaris Parks to discuss potential collaboration in industrial development. The delegation, led by Chairperson Tunç Özkan and accompanied by Executive Managing Director Osman