Egyptian President asks Madbouly to form new government, outlines priorities
Safeguarding national security, prioritising health and education initiatives, continuation of economic reforms top new government's priorities
Egypt, Spain back Biden’s Gaza ceasefire proposal
Spain and Egypt have expressed support for the latest Gaza cease-fire agreement proposed by US President Joe Biden. The announcement was made during a joint press conference in Madrid on…
Mekky Developments unveils Gardenia Plaza Mall in New Cairo
Mekky Developments recently revealed its newest project: Gardenia Plaza Mall, located in New Cairo. Covering an area of 3,000 square meters, the mall represents an investment of over EGP 800m.…
El Batal Developments to launch 5 new projects with EGP 10bn investments in 2024
El Batal Developments has announced the launch of five new projects in 2024, spanning areas in the New Administrative Capital (NAC), Sheraton, and New Heliopolis. These projects are estimated to…
Rowad Modern Engineering aims for 50% international business volume
Mohamed Mahlab, CEO of Rowad Modern Engineering, recently revealed the company’s expansion plan for Egypt and the Gulf markets. The plan involves new investments in infrastructure, industry, and general contracting…
GateLock forges strategic partnership with ESET, Safetica to deliver global cybersecurity solutions in Egypt
As a cybersecurity solutions provider, GateLock recently established a strategic alliance with ESET and Safetica, both renowned information security software and smart solutions providers. This collaboration further solidifies GateLock’s position…
Egyptian insurTech Mal Bazaar expands with brokerage license, digital platform
Mal Bazaar, an Egyptian insurtech startup, has strengthened its market position after acquiring a licensed insurance brokerage and securing approval from the Egyptian Financial Regulatory Authority (FRA). The company…
Egypt and Tanzania discuss water cooperation
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem received on Sunday Richard Mutayuba, Ambassador of Tanzania in Cairo, to discuss ways of joint cooperation between the two countries in…
World Bank highlights procedures to improve state-owned enterprise governance in Egypt
Despite Egypt’s growth potential, state-owned enterprises (SOEs) and restrictive regulations currently hinder competitiveness. The government aims to redefine the state’s economic role, enhance the business environment, and manage public assets…
Domestic liquidity in banking sector increases to EGP 10.1trn in April 2024: CBE
Non-governmental deposits in local currency increase to EGP 6.505trn in April
