TMG to launch post-AI project and begin Noor city deliveries in 2026
Talaat Moustafa Group (TMG) is set to launch “The Spine”, a 2.4 million square metre project in East Cairo utilizingpost-artificial intelligence technologies, and will commence deliveries of the first phase of its Noor city development in 2026. The Spine project,
Egypt completes 90% of first-phase gas connections for ‘Decent Life’ initiative
Egypt has completed 90 per cent of the planned natural gas delivery works for the first phase of the “Decent Life” (Haya Karima) presidential initiative, Petroleum Minister Karim Badawi said on Tuesday. During a meeting with Prime Minister Mostafa Madbouly
Reefy secures FRA approval for EGP 1.064bn securitisation bond issuance
Microfinance Enterprise Services – Reefy announced that it has received final approval from the Financial Regulatory Authority (FRA) for the third issuance under its second securitisation programme, with a total value of EGP 1.064bn, in favour of Egyptian Securitisation Company.
ECS, Expolink explore stronger cooperation to boost Egyptian exports
Head of the Egyptian Commercial Service (ECS), Abdel Aziz El-Sherif, received Mohamed Kassem, Chairperson of the Egyptian Exporters Association (Expolink), along with several members of the association’s board, to discuss ways to strengthen cooperation and enhance Egyptian exports. El-Sherif stated
Egypt moves to deepen local manufacturing, cut textile imports
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held a meeting with Minister of Public Enterprises Sector Mohamed El-Shimy and a group of manufacturers from the spinning, textiles, ready-made garments, and home furnishings industries
Valero Developments partners with KAD to strengthen project management, operational performance
Valero Developments has entered into a strategic cooperation agreement with KAD Commercial Property Management to enhance the operational performance of its projects and support their long-term investment value. The agreement was signed by Ahmed Fahmy, Chairman of Valero Developments, and
Egypt, Sudan move to deepen industrial, trade cooperation
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Sudan’s Minister of Industry and Trade, Mahasin Ali Yaqoub, and her accompanying delegation to explore ways to strengthen bilateral relations and expand industrial
MSMEDA expands marketing support for SMEs: Rahmy
Basil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), reaffirmed the agency’s commitment to providing strong marketing support to small and medium-sized enterprise owners by facilitating their participation in various exhibitions, particularly international fairs, to help
GlobalCorp issues eighth securitization bond worth EGP 2.5bn
GlobalCorp Financial Services has successfully completed its eighth securitization bond issuance, valued at EGP 2.5bn, following approval from Egypt’s Financial Regulatory Authority (FRA). The transaction falls under the company’s second approved securitization program. The issuance was structured into three tranches
CBE, Afreximbank sign MoU to launch pan-African Gold Bank programme in Egypt
The Central Bank of Egypt (CBE) and the African Export–Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to establish a pan-African Gold Bank programme, a strategic initiative aimed at formalising gold value chains, strengthening central bank reserves, and