Arkan Palm, CIB partner to develop 16,000 sqm headquarters in Sheikh Zayed’s Financial District
Arkan Palm for Real Estate Development, a subsidiary of Badr El Din Group, has signed an agreement with Commercial International Bank (CIB) to allocate 16,000 square meters in the Financial District of Project 205 in Sheikh Zayed for the bank’s
Egypt’s Finance Minister calls for fairer global policies to support emerging economies
Ahmed Kouchouk, Egypt’s Minister of Finance, has urged international financial institutions to adopt more balanced and supportive policies for emerging economies. He emphasized the need for expanded multilateral financing tools to drive sustainable development and enhance resilience against global economic
Gold declines as high interest rates dampen appeal
Global gold prices fell for the second consecutive day after reaching a record high, pressured by rising US Treasury yields and Federal Reserve Chairperson Jerome Powell’s hawkish stance on interest rates. Investors now await key US inflation data for further
CIB signs EGP 1.8bn financing agreement with CRC for Solana project in New Zayed
Commercial International Bank (CIB), Egypt’s leading private-sector bank, has signed a financing agreement with Construction and Reconstruction Engineering Co. (CRC), a Class A certified general contractor affiliated with Dorra Group, to fund the construction of the upcoming Solana project in
New guide to help investors understand rights, tax obligations: ETA
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), reaffirmed the Ministry of Finance and ETA’s commitment to strengthening communication with tax professionals, economic associations, and the business community. She emphasized that these entities are key partners in developing
Al Ahly Sabbour to invest EGP 10bn in 2025
Al Ahly Sabbour Developments has reported a strong performance in 2024, surpassing its annual sales target by achieving EGP 32.5bn compared to the projected EGP 30bn. The company also delivered 2,500 residential units this year and plans to hand over
Egypt, South Korea launch $9m initiative to enhance emergency medical services
Khaled Abdel Ghaffar, Egypt’s Deputy Prime Minister for Human Development and Minister of Health and Population, has met South Korean Ambassador to Egypt, Kim Yonghyon, to discuss bilateral cooperation in healthcare, human resource development, and South Korea’s biomedical investments. A
Egyptian PM addresses agricultural land encroachment
Egypt’s Prime Minister Mostafa Madbouly chaired a Tuesday meeting to review efforts to combat encroachment on agricultural land and the procedures for its removal. Attendees included Minister of Local Development Manal Awad, Minister of Agriculture and Land Reclamation Alaa Farouk,
Housing Minister visits Egypt-built Julius Nyerere Hydropower project in Tanzania
Egyptian Housing Minister Sherif El-Sherbini visited the Julius Nyerere Hydropower Project in Tanzania, meeting with Tanzanian and Egyptian officials and workers. The project, implemented by the Egyptian consortium of Arab Contractors and Elsewedy Electric, aims to generate 2,115 megawatts of
Q Developments eyes EGP 34bn in investments with expanding land portfolio
Q Developments held its 2025 annual event to highlight recent achievements, investment strategies, sales performance, and expansion plans for the coming year. Ahmed Thabet, CEO of Q Developments, stated that they hold a 260-feddan land portfolio across the North Coast