Egypt unveils digital platform to boost industrial investment – Dailynewsegypt
Egypt is establishing a digital platform to streamline investment and accelerate industrial development, Deputy Prime Minister and Minister of Industry and Transport Kamel Al-Wazir announced Monday. The platform is part of a wider plan to revitalise the industrial sector, Al-Wazir
IMF completes Egypt’s 3rd review, approves $820m tranche disbursement – Dailynewsegypt
The International Monetary Fund has approved a fresh disbursement of $820m to Egypt after IMF’s Executive Board completed the third review under the $8bn loan programme. The decision, announced on Monday, follows a positive assessment of the country’s economic performance since
SCZone revenues soar to EGP 8.245bn in FY 2023/24 – Dailynewsegypt
The Suez Canal Economic Zone (SCZone) reported a significant increase in revenue for the fiscal year(FY) 2023/24, rising to EGP8.245bn, with 72% or EGP5.932bn coming from US dollar-denominated sources, according to a government statement on Monday. Prime Minister Mostafa Madbouly
Beltone Mortgage Debuts with 22.25% Market Share, Leading in Fast and Easy Home Financing – Dailynewsegypt
Beltone Holding, one of the fastest-growing financial institutions, has significantly expanded its footprint in the mortgage sector with its wholly-owned subsidiary, “Beltone Mortgage.” The subsidiary has swiftly captured a 22.25% market share in the first half of 2024, providing efficient
Cairo’s real estate market poised for growth amid currency stabilisation: JLL report – Dailynewsegypt
Around 1,300 keys are expected to be added to hospitality sector this year, dominated by 5-star properties
SODIC records 87% YoY growth in net profit, 35% increase in revenues, and 34% rise in gross sales – Dailynewsegypt
Company's hospitality portfolio expands after adding three more hotels
Egypt’s Petroleum Minister, Indorama Ventures discuss fertiliser plant progress – Dailynewsegypt
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with Amit Lohia, Deputy Chairperson of Indorama Ventures, on Sunday to review the progress of a new high-quality phosphate fertiliser plant in Ain Sokhna. The plant is a joint venture
Egypt PM Monitors Progress of Warraq Island Redevelopment – Dailynewsegypt
Egypt’s Prime Minister Mostafa Madbouly on Sunday stressed the need to accelerate the redevelopment of Warraq Island, urging officials to adhere to timelines for evacuating residents and compensating them for their losses. Madbouly chaired a meeting with Housing Minister Sherif
Shell, Cheiron to invest $340m in Egyptian oil and gas – Dailynewsegypt
Egyptian Petroleum Minister Karim Badawi on Sunday signed two agreements worth a combined $340m with Shell Egypt and Cheiron Energy to increase oil and gas production in the Mediterranean and Suez Gulf. The deals are part of the government’s ongoing
Total financial position of Egyptian banking sector increases to EGP 17.8trn in Q1 2024 – Dailynewsegypt
Household sector holds 74.2% of EGP 11.534trn in customer deposits