Madbouly, Saudi Energy Minister discuss strengthening joint investments
Egyptian Prime Minister Mostafa Madbouly met with Saudi Energy Minister Prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud and his delegation on Monday at Al Manara International Conferences Center. The meeting took place on the sidelines of the 8th Egypt
Organi Group leads contracting consortium for $5bn projects in Egypt
Organi Group has launched a major contracting consortium in collaboration with its subsidiary, Abnaa Sinai for Construction and Building, alongside IGI Holding’s subsidiary, Income, and the China State Construction Engineering Corporation (CSCEC). The consortium aims to execute large-scale construction and
Chevron welcomes Egypt-Cyprus MoU as key step for Aphrodite gas project
The Memorandum of Understanding (MoU) signed on Monday between the governments of Egypt and Cyprus, alongside Chevron, marked a significant milestone in advancing key commercial agreements for the Aphrodite gas project, located offshore Cyprus. The agreement strengthens the project’s long-term
Egypt’s governmental real estate platform officially launched
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister of Communications and Information Technology Amr Talaat, Egypt’s governmental real estate platform—supported by the Multiple Listing Service (MLS) system—was officially launched on Thursday in Cairo.
SPINNEYS EXPANDS AND REACHES THE COASTAL RESORT TOWN OF AIN SUKHNA
Spinneys, one of the leading supermarket chains providing quality products and services across Egypt, proudly announced the opening of its 31st store on Sunday February 16. The new store is located in the coastal resort town of Ain Sukhna by
Urbnz Developments unveils AXIS Three Business Mall in West Cairo
Urbnz Developments has launched its first project, AXIS Three Business Mall, in West Cairo, targeting sales of EGP 230m, according to Mahmoud Amir, Chief Commercial Officer (CCO) of the company. Amir highlighted that Urbnz Developments’ management team brings over 60
Transport Ministry showcases advantages of ‘Ro-Ro’ shipping line for exporting
The Ministry of Transport has called upon the Egyptian Federation of Industries, the Federation of Chambers of Commerce, heads of Egyptian export councils, exporters, importers, and business leaders to leverage the substantial benefits of the “Ro-Ro” (Roll-on/Roll-off) maritime shipping line.
ETA committed to partnership with businesses to remove obstacles, foster growth: Chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), emphasized the authority’s commitment to strengthening its partnership with the business community. She highlighted that the Minister of Finance continuously directs and follows up on efforts to address business concerns
Egypt’s net foreign asset surplus reaches $11.99bn in January 2025
The Central Bank of Egypt (CBE) recorded a net foreign asset (NFA) surplus of $11.99bn (EGP 603.06bn) in January 2025, up from $11.64bn (EGP 592.47bn) in December 2024. Net foreign assets, which represent the difference between the CBE’s foreign currency
Namaa EXP unveils M STREET Heliopolis with EGP 4bn investment
Namaa EXP for Mall Management has launched its new brand, M STREET, introducing a premium shopping and entertainment experience that brings together top local and international brands under the concept of shopping indulgence. The brand’s first project, M STREET Heliopolis,