Madinet Masr posts record EGP 52.1bn in new sales as deliveries surge 201% in 2025
Egyptian real estate developer Madinet Masr reported a strong performance in 2025, achieving record new sales of approximately EGP 52.1bn. During the year, the company sold 4,462 units, while the number of delivered units rose sharply to 1,941 units, compared
Egypt to commence construction of 4,000-bed medical city
Egypt’s Prime Minister Mostafa Madbouly has ordered the immediate implementation of the “Medical Capital City for Hospitals and Educational Research and Training Institutes” following directives from President Abdel Fattah Al-Sisi. During a meeting on Monday to track the project’s progress,
AfDB provides $170m to Egypt for economic diversification and sustainability
Egypt and the African Development Bank (AfDB) have signed a $170m agreement for the second phase of the Private Sector Development and Economic Diversification Support Program (PSD-EDSP II) to support the state budget and advance structural reforms. The Minister of
Egypt targets competitiveness, private capital as reforms enter delivery phase: Investment Minister
Hassan El-Khatib, Minister of Investment and Foreign Trade, said Egypt has decisively moved from a phase of stability to one of execution, noting that with macroeconomic stability restored, the focus has shifted to enhancing competitiveness, driving export-led growth and attracting
FRA issues regulations governing insurance coverage for medical errors under government fund
The Financial Regulatory Authority (FRA) has issued regulations governing insurance operations covered by the Government Fund for Insurance against Risks Arising from Medical Errors, as part of efforts to enforce the provisions of the Unified Insurance Law and the Law
Bel Group invests €150m in Egypt to expand production, modernize facilities
Bel Group has reinforced its commitment to Egypt with nearly €150m in investments focused on industrial excellence, digitalization, and advanced production technologies. After more than 28 years in the Egyptian market, the company is strengthening its role as a regional
Egypt advances local production of pneumococcal vaccine through VACSERA partnership
Egypt’s Ministry of Health and Population announced that the state-owned Holding Company for Biological Products and Vaccines (VACSERA) has hosted a delegation from GenVax Egypt and China’s Minhai, as part of efforts to localise production of a key childhood vaccine.
MARAKEZ secures EGP 3bn financing from KFH-Egypt to expand District 5 commercial, office offerings
MARAKEZ, one of Egypt’s leading mixed-use real estate developers, has secured an EGP 3bn project finance facility from Kuwait Finance House Bank – Egypt (KFH-Egypt) to support the expansion of its commercial and administrative offerings at District 5, underscoring strong
KOICA’s development portfolio in Egypt reaches $100m: Country Director
At a time when Egypt–Korea relations are gaining renewed momentum, development cooperation has emerged as a central pillar of this growing partnership. Against this backdrop, Dr Sooyoung Park, Country Director of the Korea International Cooperation Agency (KOICA) Egypt Office, spoke
Gold prices rise by EGP 325 since start of 2026 in Egypt: iSagha
Gold prices posted strong gains in Egypt over the past week, tracking a parallel rise in global markets, with prices climbing by around 1.9% amid escalating geopolitical tensions and political uncertainty, according to a report by iSagha. Saied Embaby, CEO