Wealth Plus Developments unveils VERS Commercial Arena in New Cairo with EGP 4bn investment
Wealth Plus Developments has launched VERS Commercial Arena, a mixed-use project in New Cairo with total investments estimated at EGP 4bn. The development brings together commercial, administrative, and medical units, designed to serve as a multi-purpose destination in a strategic
Chevron begins drilling new well at Egypt’s Narges gas field to boost production
Chevron has begun drilling a new natural gas well in the Mediterranean’s Narges field, part of a strategic push to boost Egypt’s local production and increase the US energy major’s regional output by up to 50 per cent over the
CBE expects inflation to accelerate through Q3 2026 before gradual decline towards target
The Central Bank of Egypt (CBE) expects annual headline inflation to accelerate through the third quarter (Q3) of 2026, driven partly by unfavourable base effects, supply-side pressures linked to ongoing regional conflict, exchange-rate movements and fiscal adjustment measures. Earlier on
Egypt champions six global health resolutions at WHO assembly
Egypt played a leading role at the 79th World Health Assembly in Geneva, where six international health resolutions spearheaded by the country were adopted, underscoring its growing influence in shaping global health policy. Health Minister Khaled Abdel Ghaffar said
Egypt’s inbound tourism climbs 15.6% in Q1 2026: Minister
Egypt recorded a 15.6% increase in inbound tourist arrivals during the first quarter (Q1) of 2026 compared to the same period last year, according to Minister of Tourism and Antiquities Sherif Fathy. The announcement followed Fathy’s visit to New York,
Egypt’s FRA approves licences for eight companies across non-banking financial sectors
Egypt’s Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved licences and authorisations for eight companies to operate across a range of non-banking financial activities. The approvals aim to support the expansion of healthcare management programmes, investment funds, and
Military production minister calls for expanding industrial cooperation to boost local manufacturing
Salah Gombalat, Minister of State for Military Production, held a meeting with chairpersons of affiliated companies and units to review progress on ongoing projects, assess implementation rates, and monitor development plans across entities under the ministry’s umbrella. During the meeting,
EGX listing aims to broaden investor base beyond fundraising: Korra Energi CEO
Korra Energi adopted an accelerated timetable for its debut on the Egyptian Exchange (EGX), moving quickly between regulatory approval of its prospectus and a mid-week investor roadshow as part of a strategy to complete both the private placement and public
Toyota Egypt Group enters electric vehicle market with launch of bZ4X and Lexus RZ
Toyota Egypt Group has officially entered the electric vehicle (EV) market in Egypt for the first time with the launch of two new models: the Toyota bZ4X and the Lexus RZ. The introduction of the vehicles, announced during an event
In the Presence of Turki Alalshikh… Sela and Talaat Moustafa Group Launch Strategic Consortium to Develop an Integrated Entertainment Ecosystem in Egypt
In the presence of His Excellency Turki Alalshikh, Chairman of the General Entertainment Authority (GEA), Sela, a Public Investment Fund company and one of Saudi Arabia’s leading entertainment and destination developers, announced the launch of a strategic consortium with Talaat