The Spine: New hub for finance, business and tourism in Egypt by 2026
In a landmark move poised to redefine Egypt’s urban and economic landscape, Talaat Moustafa Group (TMG) has unveiled its most ambitious development to date: The Spine in Madinaty. With investments exceeding EGP 1.4trn and targeted sales of more than EGP
Opinion | The Egyptian pound: Between stability gains and cautious outlook
The recent strengthening of the Egyptian pound (EGP) against the US dollar towards the end of last week’s trading was not merely a random fluctuation or a simple market reaction to easing geopolitical tensions and cautious optimism over a potential
Madbouly reviews Finance Minister’s Washington engagements during IMF-World Bank Spring Meetings
Prime Minister Mostafa Madbouly met with Finance Minister Ahmed Kouchouk to review key meetings and engagements held on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C. During the meeting, Kouchouk said he held discussions with counterparts from
Electricity Minister explores digital grid optimisation with Nexus Analytica
Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from Nexus Analytica, led by CEO Wissam El-Baz, at the Ministry’s headquarters in the New Administrative Capital. The meeting was attended by Mona Rizk, Chairperson of the Egyptian
Egypt steps up efforts to shield startups, SMEs from global headwinds: MSMEDA chief
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said state entities are working in close coordination to mitigate the impact of global economic challenges on startups and small and medium-sized enterprises (SMEs) in Egypt. He
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