Al-Sisi reviews housing, infrastructure projects, urges strict adherence to timelines
Egyptian President Abdel Fattah Al-Sisi stressed on Saturday the importance of adhering to defined timelines for the completion of housing and infrastructure projects, while removing obstacles facing investment in the sector, according to a presidential statement. During a meeting with
Egypt accelerates hospital upgrades, puts up urgent overhaul plan for Matrouh
Egypt is stepping up the pace of ongoing healthcare projects and has put up an urgent plan to upgrade hospitals in Matrouh ahead of the summer season, the Ministry of Health said. In a statement, the ministry said Health Minister
Egypt unveils rare Roman-era tomb in Minya, illuminating ancient burial rituals
Egypt’s Ministry of Tourism and Antiquities has announced a major archaeological discovery at the historic site of El-Bahnasa in Minya, offering new insights into funerary traditions during the Greek and Roman periods. The find was made by a Spanish mission
Egypt’s gold prices fall EGP 100 on currency gains
Gold prices in Egypt declined during April 11-18, moving against the global rally as the Egyptian pound strengthened against the US dollar, according to iSagha’s weekly report. The price of 21-karat gold—the most widely traded locally—fell by about EGP 100,
Egypt’s EPROM reports record EGP 1.586bn profit in 2025 amid international expansion
The Egyptian Projects Operation and Maintenance (EPROM) recorded the highest net profit in its history at EGP 1.586bn for 2025, marking a 44% increase from EGP 1.096bn the previous year, as the company expanded operations into Nigeria and Iraq, the
Egypt, Eritrea move to deepen industrial, investment cooperation
Egypt’s Minister of Industry, Khaled Hashem, held talks with Hagos Gebrehiwet, Economic Adviser to the Eritrean President, and Nasr El-Din Saleh, Eritrea’s Minister of Trade and Industry, to explore avenues for strengthening bilateral cooperation in industry and joint investment. Hashem
Sakr to invest EGP 940m in three projects at Sokhna Industrial Zone
Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of contracts for three new projects by Sakr for Electronics and Energy (SDC Investment Fund) within the MDC industrial developer’s zone in the integrated Sokhna Industrial
FRA chief pushes responsible pricing to boost SME financing confidence
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), convened an expanded meeting with representatives of companies financing micro, small, and medium enterprises (MSMEs), reinforcing the authority’s commitment to open dialogue and sector development. The discussions centered on operational and
IBF & COMPANY invests in Techno Metal to strengthen industrial portfolio
IBF & COMPANY, an investment and strategic advisory firm focused on growth-stage companies, has completed a strategic equity investment in Techno Metal, an Egyptian provider of industrial storage solutions and metal racking systems. The transaction forms part of IBF &
Startup Sync facilitates Edafa Venture’s six-figure acquisition of Cyclex to boost Egypt’s circular economy
Startup Sync, the entrepreneurship platform active in Egypt and Saudi Arabia, has successfully facilitated the acquisition of Egyptian recycling startup Cyclex by Edafa Venture, a leading venture capital firm in both markets. Cyclex specializes in recycling non-hazardous solid waste and