JUZUR signs MoU with Hossam Fahmy Consultancy for New Cairo mixed-use project
JUZUR has signed a memorandum of understanding (MoU) with Hossam Fahmy Consultancy to develop the strategic vision, operational concept, and leasing strategy for Neo, its mixed-use commercial project in New Cairo. Under the agreement, the consultancy will shape the project’s
Egypt refers building violations in Cairo districts to prosecution after surprise inspections
Egypt’s Ministry of Local Development and Environment said it had referred several building and administrative violations in Cairo’s El Marg and Ain Shams districts to the public prosecution following surprise inspections aimed at curbing illegal construction and improving local government performance.
Egypt PM orders financial sustainability studies for state-owned press to settle debts
Egypt’s Prime Minister Mostafa Madbouly has directed the National Press Authority (NPA) to prepare a comprehensive study for each state-owned press institution outlining mechanisms to achieve financial sustainability and settle accumulated debts. The studies will be reviewed in coordination with
Egypt prepares to launch 2nd phase of Decent Life initiative after completing 826 villages
Egyptian Prime Minister Mostafa Madbouly on Sunday reviewed preparations for launching the second phase of the presidential Decent Life initiative, as the government seeks to accelerate the delivery of rural development projects while incorporating lessons learned from the first phase.
Egypt showcases energy, mining investment opportunities to foreign diplomats
Egypt’s Foreign Minister Badr Abdelatty and Minister of Petroleum and Mineral Resources Karim Badawi held a briefing on Sunday for representatives of foreign embassies accredited to Egypt as part of the government’s efforts to attract foreign investment and strengthen international
Egypt steps up preparations for Cairo Water Week 2026
Egypt is stepping up preparations for the ninth Cairo Water Week, scheduled for October 25-29, by expanding its international participation and scientific programme ahead of a series of high-level regional and global events on water security. Minister of Water Resources and
MAG targets EGP 3bn in sales by end-2026, prepares new launch at La Reva Signature Residence
Methaq Arab Group (MAG) is targeting EGP 3bn in contracted sales by the end of 2026 as it prepares to launch a new phase of its flagship La Reva Signature Residence project in Egypt’s New Administrative Capital, offering exclusive introductory
Banque Misr launches Riyadh branch, begins banking operations in Saudi Arabia
Banque Misr has officially launched its branch in Riyadh, marking the start of its banking operations in Saudi Arabia after completing all regulatory requirements and obtaining approval from the Saudi Central Bank (SAMA). The expansion reflects the growing economic partnership
Al Ahly Pharos completes EGP 744m securitised bond issuance for Valu
Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), has announced the successful completion of the third issuance under the eighth securitisation programme for U Consumer Finance S.A.E. (Valu), with a total value
IDA reclaims industrial land, factory units from non-compliant investors
Egypt’s joint committee, led by the Industrial Development Authority (IDA) in coordination with land-owning authorities and law enforcement agencies, continued its large-scale enforcement campaign for the second consecutive day, reclaiming industrial land plots and ready-built factory units from non-compliant investors