Gulf Egypt plans EGP 20bn mixed-use tourism project in Sharm El Sheikh
Gulf Egypt for Hotels and Tourism, a subsidiary of United Real Estate Company (URC), has unveiled plans for a mixed-use tourism and hospitality development in Sharm El Sheikh with investments exceeding EGP 20bn, as part of its expansion strategy in
Empire State Developments targets EGP 5.6bn sales from Upmount at New Capital
Egypt’s real estate market is entering a more selective phase where execution, liquidity management, and disciplined expansion matter more than rapid project launches, according to Mostafa Mohsen, Chairperson of Empire State Developments. Mohsen said the company is focusing on growth
Egypt says four EU-backed local development projects reach 25% completion
Egypt has completed around 25% of four local economic development projects in Fayoum, Beni Suef, Luxor and Aswan under a European Union-funded technical assistance programme implemented in cooperation with the United Nations Development Programme (UNDP), Minister of Local Development Manal
Military Production Ministry develops new strategy to modernise affiliated companies through AI, digital transformation
Minister of State for Military Production Salah Gamblat said the Ministry of Military Production is developing a new strategy to modernise its affiliated companies, with a focus on digital transformation, the expanded use of industrial software, artificial intelligence (AI) applications,
Industry Minister tours Misr Spinning & Weaving complex in El Mahalla El Kubra
Egypt’s Minister of Industry, Khaled Hashem, began a field tour of El Mahalla El Kubra—one of the country’s largest industrial hubs—with a visit to the Misr Spinning and Weaving Company complex, reaffirming the government’s commitment to modernising the textile sector,
Egyptian electricity minister meets China’s CSGI to plan 45% renewable energy mix within two years
Egypt is exploring technical cooperation with China Southern Power Grid (CSGI) to upgrade its national electricity grid and integrate 45 per cent renewable and clean energy into its energy mix over the next two years, the Ministry of Electricity and
Al Alamein Airport records 57% jump in passenger traffic ahead of EIAS 2026
Al Alamein International Airport recorded a 57% year-on-year increase in passenger traffic as Egypt accelerates preparations to host the second edition of the Egypt International Air Show (EIAS 2026) this September, according to the Cabinet’s Information and Decision Support Center
14 countries account for 68.8% of Egypt’s foreign trade in H1 FY2025/26: CBE
Fourteen countries accounted for 68.8% of Egypt’s total foreign trade during the first half (July–December) of fiscal year 2025/26, with combined trade reaching $50.616bn, according to a report published by the Central Bank of Egypt (CBE). The total comprised imports
FRA extends compliance deadlines for healthcare administrators, foreign reinsurance brokers
Egypt’s Financial Regulatory Authority (FRA) has extended compliance deadlines for healthcare management companies and non-resident foreign reinsurance brokers, giving market participants additional time to meet regulatory requirements under the Unified Insurance Law. The decisions were approved by the FRA’s Board
New irrigation museum to highlight Egypt’s water management legacy
Egypt is preparing to open a new irrigation museum in the New Administrative Capital to showcase the country’s long history of water management and engineering achievements, Minister of Water Resources and Irrigation Hani Sewilam said. In a ministry statement, Sewilam