MARAKEZ secures EGP 3bn financing from KFH-Egypt to expand District 5 commercial, office offerings
MARAKEZ, one of Egypt’s leading mixed-use real estate developers, has secured an EGP 3bn project finance facility from Kuwait Finance House Bank – Egypt (KFH-Egypt) to support the expansion of its commercial and administrative offerings at District 5, underscoring strong
KOICA’s development portfolio in Egypt reaches $100m: Country Director
At a time when Egypt–Korea relations are gaining renewed momentum, development cooperation has emerged as a central pillar of this growing partnership. Against this backdrop, Dr Sooyoung Park, Country Director of the Korea International Cooperation Agency (KOICA) Egypt Office, spoke
Gold prices rise by EGP 325 since start of 2026 in Egypt: iSagha
Gold prices posted strong gains in Egypt over the past week, tracking a parallel rise in global markets, with prices climbing by around 1.9% amid escalating geopolitical tensions and political uncertainty, according to a report by iSagha. Saied Embaby, CEO
Housing minister orders fast-tracked completion of New Capital’s Business District
Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny held a regular meeting to review progress on the Central Business District (CBD) project in the New Administrative Capital, as well as the Downtown Towers and Lagoons project in New Alamein
Kemet, TBEA sign MoU to establish Egypt’s first inverter manufacturing plant
Mahmoud Esmat, Minister of Electricity and Renewable Energy, witnessed—at the conclusion of his official visit to China—the signing of a memorandum of understanding (MoU) between Egyptian company Kemet and China’s TBEA. The agreement covers cooperation in renewable energy, the transfer
Egypt, South Korea sign joint statement on Comprehensive Economic Partnership Agreement
Egypt and South Korea have taken a major step to deepen economic cooperation, with Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, and Yeo Han-koo, South Korea’s Minister of Trade, Industry, and Resources, signing a joint statement on a
Egypt promotes private sector partnership to accelerate textile, garment industry development
Egypt’s Minister of Public Enterprises Sector, Mohamed El-Shimy, held a meeting with representatives from the Ready-Made Garments and Home Textiles Chamber, the Textile Industries Chamber, and the Apparel Export Council to discuss ways to strengthen cooperation with companies affiliated to
FRA grants fintech licence to Granite, enabling Egypt’s first fully digital money market account
Granite Financial Holding, a digitally enabled asset management company, has received a fintech licence from the Financial Regulatory Authority (FRA), paving the way for the immediate launch of its proprietary mobile application, the Granite Money Market Account (Granite MMA). The
Egypt, India explore deeper cooperation on climate action, waste management
Egypt’s Minister of Local Development and Acting Minister of Environment, Manal Awad, met with India’s Minister of State for External Affairs, Environment, Forest and Climate Change, Shri Kirti Vardhan Singh, in Cairo to discuss expanding bilateral cooperation across a broad
Egypt, EU coordinate on 2026-2027 development grants as growth surpasses 5%
Egypt’s economic growth rate exceeded 5% during the first quarter of the current fiscal year, Planning, Economic Development and International Cooperation Minister Rania Al-Mashat said. The announcement followed the disbursement of a €1bn tranche in January 2026 under the European