Brevan Developments launches Lake House project in Obour City with EGP 1.5bn investment
Brevan Developments has unveiled its latest project, Lake House, in Obour City, with a total investment of EGP 1.5bn. This launch is part of the company’s broader strategy to introduce three major developments in Obour City by 2025. Ibrahim Abdel
Electricity Minister discusses boosting renewable energy investments with UAE’s AMEA Power
During the 15th General Assembly of the International Renewable Energy Agency (IRENA) and the Abu Dhabi Sustainability Week Summit, Mahmoud Esmat, Egypt’s Minister of Electricity and Renewable Energy, met with a delegation from AMEA Power, led by Chairperson Hussain Al
Smuggling threatens EGP 4.5bn investments in Egypt’s mobile market: Importers Division
Matti Beshay, Head of the Trade Committee at the Importers Division of the Federation of Egyptian Chambers of Commerce (FEDCOC), has issued a stark warning about the dangers posed by smuggling in Egypt’s mobile industry. He highlighted that smuggling threatens
Egypt’s gold reserves rise by $2.2bn in 2024
The Central Bank of Egypt (CBE) has reported a $2.2bn increase in the value of gold included in the country’s foreign exchange reserves in 2024, bringing the total to $10.644bn by December 2024, compared to $8.440bn in December 2023. After
Bonyan expands portfolio with acquisition of Grade A office building in New Cairo
Bonyan for Development and Trade, a leading independent real estate investment company, has successfully acquired an 8,178 sqm Grade A office building at Park Street Edition in New Cairo. The deal, finalized in December 2024, strengthens Bonyan’s position in one
Banque Misr, Suez Canal Bank, and Al Baraka alliance secures $108m financing for MAFI
A banking alliance led by Banque Misr, alongside Suez Canal Bank and Al Baraka Bank–Egypt, has successfully secured long-term joint financing of $108m for MAFI for Agricultural Produce Industries. This funding will cover a portion of the estimated $180m investment
Egypt’s Agriculture Minister discusses cooperation with Senegal, Somalia
Egyptian Minister of Agriculture and Land Reclamation, Alaa Farouk, has met with his counterparts from Senegal and Somalia to discuss enhanced agricultural cooperation. The meetings took place on the sidelines of the African Union’s Extraordinary Summit on Agricultural Development, currently
Agricultural Bank of Egypt, Elsewedy Watanya sign cooperation protocol to finance modern irrigation solutions
The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with Elsewedy Watanya for Industrial and Engineering Projects, under the auspices of the Ministry of Agriculture and Land Reclamation. The agreement is designed to provide essential financing to farmers
Egypt engages with Turkish TAV for collaborative airport management, operations
Egypt’s Minister of Civil Aviation Sameh El-Hefny has held discussions with officials from major global companies specializing in airport services to support Egypt’s strategy of increasing private sector participation and strengthening the civil aviation sector’s position as a regional hub
Wood manufacturers call for reassessment of industrial land prices, VAT policies
The Federation of Egyptian Industries (FEI) has called for the stabilization of gas and electricity prices for factories, as industry leaders propose several key measures to advance Egypt’s wood and furniture sector. Alaa Nasr El-Din, a board member of