TMG, Alameda partner on healthcare projects in Egypt and Saudi Arabia
Talaat Moustafa Group (TMG) has partnered with Alameda Healthcare Group to develop and manage high-quality medical and healthcare projects in Egypt and Saudi Arabia. Under the agreement, Alameda will manage and operate a new hospital in TMG’s Madinaty project in
Ahl Masr Foundation signs cooperation agreement to support Burn Hospital
The Ahl Masr Foundation for Development has signed a cooperation agreement with the Egyptian General Trading and Contracting Company, under which the company will provide financial support to cover both the treatment costs of burn patients and the operational expenses
Alameda Healthcare signs strategic partnership with COMEN to enhance medical services in Egypt
Alameda Healthcare Group, a leading healthcare provider in Egypt, has signed a Memorandum of Understanding (MOU) with Shenzhen COMEN Medical Instruments Co., Ltd (COMEN), a China-based manufacturer of advanced medical equipment. The agreement aims to integrate cutting-edge medical technologies into
IFC to advise Egypt on private sector participation in airports
The Egyptian government has signed an advisory services agreement with the International Finance Corporation (IFC), the World Bank’s private sector arm, to expand private sector participation in the country’s airport sector. The signing ceremony was held on Monday at the
WE and CIB partner to offer advanced digital financial services in Egypt
WE, the retail brand of Telecom Egypt and country’s leading telecommunications and information technology service provider, has announced a strategic partnership with the Commercial International Bank (CIB), the country’s largest private sector bank. The collaboration aims to deliver an innovative
NileSat profits surge 31.83% to $57.7m in 2024
NileSat, the Egyptian satellite company, has reported a significant increase in profits for 2024, with net earnings reaching $57.7m, a 31.83% increase compared to the $43.8m profit recorded in the previous year. The announcement was made during NileSat’s General Assembly,
Microfinance companies inject EGP 80.4bn into MSMEs in January 2025: FRA
The Financial Regulatory Authority (FRA) has reported that licenced microfinance companies and associations provided a total of EGP 80.409bn in funding to micro, small, and medium enterprises (MSMEs) in January 2025. This represents a significant increase compared to EGP 58.881bn
Egypt’s microfinance sector approaches EGP 100bn in 2024: MSMEF
Mona Zulficar, Chairperson of the Egyptian Federation for Financing Medium, Small, and Micro Projects (MSMEF), announced that Egypt’s microfinance sector has seen significant growth in 2024, with total financing balances nearing EGP 100bn by the end of the year. This
Misr Cement Group Reports EGP 272 Million Profit in 2024, Marking 136% Growth
Misr Cement Group has announced a significant surge in its financial performance for 2024, reporting a net profit of EGP 272 million, a 136% increase compared to the previous year. This remarkable growth underscores the Group’s successful strategy in cost
SCZONE launches pilot digital one-stop shop for investors
The Suez Canal Economic Zone (SCZONE) has officially launched a pilot digital service package aimed at enhancing the experience for investors. This marks the first phase in a broader effort to digitize various services offered by the SCZONE. The digital