Egyptian Society of Real-Estate Appraisers to Hold International Conference in Cairo
The Egyptian Society of Real-Estate Appraisers (ESREA) will hold its second international conference on 18 January 2025, at the Semiramis Intercontinental Hotel in Cairo. The conference, titled “The Real Estate Appraisal Industry and its Role in Supporting the National Economy,”
TMG sales exceed $10bn in 2024 solidifying regional real estate leadership
Talaat Moustafa Holding Group (TMG) has reported record sales for 2024, exceeding EGP 0.5trn, or approximately $10bn, by December 22. This figure marks a significant milestone for the company, solidifying its position as a leading real estate developer in Egypt
ERC completes debt restructuring, pays $315m to senior, subordinated lenders
The Egyptian Refining Company (ERC) has concluded its Senior and Subordinated Debt Restructuring, marking a significant milestone in its financial strategy. As part of the agreement, ERC made payments totaling $315 million, which included $33.3m in fees and default interest
Unionaire launches largest home appliances factory with EGP 6bn investment
Unionaire Group, a leading home appliances manufacturer, has unveiled plans to launch a state-of-the-art factory with an investment of approximately EGP 6bn, marking a significant expansion in Egypt’s manufacturing sector. The company is positioning the new facility to become the
Siemens Healthineers to acquire Varian equipment sales, services in Egypt
Siemens Healthineers Egypt has finalized an agreement with IEC Medical Systems (Industry and Engineering Consultants for Medical Systems) to acquire the sales and service business of Varian equipment in Egypt. This acquisition, supported by Siemens Healthineers AG and Siemens Healthineers
Egyptian-Uzbek Joint Committee meets to boost economic ties
Expert-level meetings for the seventh session of the Egyptian-Uzbek Joint Committee for Economic, Scientific, and Technical Cooperation began on Sunday in Tashkent, the Uzbek capital. The meetings are in preparation for a ministerial committee meeting later this week. Rania Al-Mashat,
MIDAR invests $7bn in Mostakbal City, plans for local, regional expansion targeting $14bn
MIDAR for Investment and Urban Development, the founding and master developer of Mostakbal City and MADA in East Cairo, is reinforcing its leadership in Egypt’s real estate development sector with ambitious expansion plans. These initiatives are part of a broader
SAIL Project delivers mechanisation, microgrants to rural areas in Egypt
Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat oversaw the delivery of agricultural mechanisation equipment to agricultural and marketing cooperatives, alongside the distribution of microenterprise grants to rural women, during an inspection tour of the Sustainable Agricultural
Communications Minister chairs meeting to review National Cybersecurity Strategy projects
Amr Talaat, Egypt’s Minister of Communications and Information Technology, chaired a pivotal meeting of the Supreme Cybersecurity Council, where members reviewed and discussed the progress of projects under the National Cybersecurity Strategy for 2023–2027. The session focused on essential cybersecurity
Egypt plays key role in Libya’s reconstruction: FEI official
Alaa Nasr El-Din, a board member of the Wood and Furniture Chamber at the Federation of Egyptian Industries (FEI), highlighted the significant strides made by Egypt’s industrial sector in 2024, noting key economic and commercial developments that have positively impacted