CI Capital, Compass launch EGP 3bn C3 Fund to invest in EGX-listed equities
CI Capital Holding and Compass Capital for Financial Investments announced on Monday the launch of Egypt’s first onshore private equity fund, C3 Capital Fund 1, with a target size of EGP 3bn at final close. The fund is dedicated to
German investors eye Egypt as key market, multiple trade delegations expected in 2025
German investors are showing a strong interest in Egypt’s economic potential, recognizing the country’s strategic opportunities and ongoing market reforms, according to Maren Diale-Schellschmidt, CEO of the German-Arab Chamber of Industry and Commerce (AHK Egypt). She emphasized that Egypt’s economic
Egyptian medical convoy provides dental care for 154 Palestinian patients in North Sinai
Egypt’s Ministry of Health and Population announced that a specialized medical convoy continues to operate across Sheikh Zuweid Central Hospital, Arish General Hospital, and Bir al-Abd Model Hospital, offering essential dental care to injured Palestinian patients and their companions. Hossam
Mortgage finance in Egypt reaches EGP 81.22bn, benefiting 617,500 citizens
Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund (SHMFF), announced that total mortgage financing in Egypt has reached approximately EGP 81.22bn, benefiting 617,500 recipients through 22 banks and eight mortgage finance companies. She noted that direct
The MarQ Communities delivers first residential units at The MarQ Gardens in New Cairo
The MarQ Communities has begun handing over the first batch of residential units at The MarQ Gardens, its flagship project in New Cairo. During a press conference, Amr Badr, Chairperson and CEO of The MarQ Communities, announced that the company
Egyptian PM reviews projects with Electricity, Investment Ministers
Prime Minister Mostafa Madbouly on Sunday met with Mahmoud Essmat, Minister of Electricity and Renewable Energy, and Hassan El-Khatib, Minister of Investment and Foreign Trade, to discuss and review several joint projects. The meeting took place at the New Administrative
Egypt’s Transport Ministry calls for increased use of Ro-Ro shipping to boost exports to Europe
The Egyptian government, in its ongoing efforts to expand exports to European and global markets and strengthen the national economy, has launched a Ro-Ro (roll-on/roll-off) shipping line between Damietta Port and Italy’s Trieste Port. The first voyage of this initiative
Egypt explores industrial zone development with Türkiye’s Polaris Parks
Mohamed El-Shimy, Egypt’s Minister of Public Enterprises Sector, met with a delegation from Turkish industrial zone developer Polaris Parks to discuss potential collaboration in industrial development. The delegation, led by Chairperson Tunç Özkan and accompanied by Executive Managing Director Osman
Rooftop farming transforms once-impoverished Egyptian village into thriving oasis
Xinhua – Once a struggling village, Nagaa Aoun in Egypt’s Beheira Governorate, north of Cairo, has undergone a significant transformation. Through innovative rooftop farming, the community has become self-sufficient in vegetables and enjoys a steady income. Leading this effort is
Islamic banking in Egypt increases to EGP 1.14trn in 2024
The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing approximately 5% of the total banking market, according to Mohamed El-Beltagy, Chairperson of the Egyptian Islamic Finance Association (EIFA). This marks an increase of EGP 412bn compared to