Al-Borouj Misr unveils 6ixty Walk projects in New Capital with EGP 10bn investment
Al-Borouj Misr Developments has announced the launch of its latest ventures, 6ixty Walk One and 6ixty Walk Two, in the Financial District of the New Administrative Capital. With a total investment of EGP 10bn, the projects mark a significant milestone
Madinet Masr, GTCI partner to invest over EGP 263m in Taj City infrastructure
Egyptian real estate developer Madinet Masr has entered a strategic partnership with GTCI Constructors for Energy and Infrastructure Projects, a subsidiary of Al Tawakol Group, to invest more than EGP 263m in advancing the infrastructure of Taj City, a mixed-use
Deputy PM emphasizes private sector’s role in advancing Egypt’s health system
Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population, has underscored the significance of private sector collaboration in developing Egypt’s health system. Speaking at a symposium organized by the Egyptian-Lebanese Businessmen Association under the theme “The Importance
PM Madbouly inaugurates Geely assembly plant in Egypt with 45% local component
Egypt’s Prime Minister Mostafa Madbouly has officially inaugurated the Geely car assembly plant located within the Bavarian Auto Manufacturing Company in 6th of October City. Following the ribbon-cutting ceremony, Madbouly toured the facility, inspecting its advanced production lines. During the
CIB completes EGP 1.82bn securitization transaction for GB Leasing
The Commercial International Bank (CIB) Egypt has successfully completed its ninth securitization transaction for GB Leasing, valued at EGP 1.82bn. This marks a significant milestone in the company’s ongoing three-year securitization bond issuance program, which totals EGP 15bn. In collaboration
Egypt’s Local Development Minister meets S. Korean ambassador to strengthen cooperation
Manal Awad, Egypt’s Minister of Local Development, welcomed Kim Young-hyun, South Korea’s Ambassador to Cairo, for a meeting to discuss expanding bilateral cooperation in the field of local development. The Monday meeting was also attended by Hossam Al-Qawish, Assistant Minister
Geely Auto to open Egyptian factory with plans for regional export hub
Egyptian Prime Minister Mostafa Madbouly met with Song Jim, Chairperson of Geely Global Automobile and Vice Chairperson of Geely Auto Holding, to discuss the company’s plans to establish a vehicle manufacturing plant in Egypt through a partnership with Auto Mobility.
Egypt seeks stronger ties with Latvia, Botswana
Egyptian Foreign Minister Badr Abdelatty met with Andžejs Viļumsons, Secretary of State at the Latvian Ministry of Foreign Affairs, on Jan. 14, to discuss bilateral relations and cooperation. In a separate phone call on Tuesday, Abdelatty spoke with Phinny Butale,
Deputy PM reviews progress on Egyptian baccalaureate reform
Khaled Abdel Ghaffar, Deputy Prime Minister for Human Development and Minister of Health and Population, has directed the formation of a higher advisory committee for human development to evaluate the national project and develop operational mechanisms for its implementation, leveraging
Gold prices rise amid US inflation data anticipation: Gold Bullion
Gold prices increased in global trading on Tuesday, bolstered by uncertainty surrounding the political plans of US President-elect Donald Trump. Markets are awaiting US inflation data, expected to offer more clarity on the Federal Reserve’s future monetary policy. The global