Banque du Caire reports record profits of EGP 6.7bn in 2023
Total assets grow by 25% to EGP 402bn
Government officials sign contracts for EGP 565m solid waste management system in 5 governorates
Hala El-Said, Minister of Planning and Economic Development, Yasmine Fouad, Minister of Environment, Hisham Amin, Minister of Local Development, and Mukhtar Abdel Latif, Chairperson of the Arab Organization for Industrialization,…
Egypt’s Trade Ministry prioritizes boosting industrial production, increasing exports
Ahmed Samir, the Egyptian Minister of Trade and Industry, emphasized the Ministry’s role, along with its sectors and affiliated entities, in advancing the Egyptian industry and expanding exports to diverse…
SCZONE contracts 127 projects worth $2.8bn in nine months
Within nine months, the Suez Canal Economic Zone (SCZONE) has secured contracts for 127 projects, totaling an investment of approximately $2.8bn. Out of these, 61 projects have received final approval,…
Compass Capital, CI Capital launch EGP 3bn equity fund
Compass Capital, a leading Egyptian private equity firm, in partnership with CI Capital, a top-tier Egyptian investment bank, has announced the inception of the C3 Fund. This closed-end equity fund…
Egypt Builds Stockpile of Essentials to Curb Price Fluctuations
In a move to bolster market stability and shield consumers from price swings, the Egyptian government announced plans to build a strategic stockpile of essential goods. The decision came during…
Israeli forces commit atrocities against civilians in Al-Shifa Hospital vicinity
The Israeli occupation army continues its incursion into Al-Shifa Hospital and the surrounding area for the seventh day, coinciding with air strikes on various areas in the Gaza Strip as…
Al-Sisi, UN Secretary-General emphasise two-state solution, aid for Gaza
President Abdel Fattah Al-Sisi convened with UN Secretary-General António Guterres to deliberate on various regional and international matters, with a focus on the situation in Gaza. The assembly included Egypt’s…
Hassan Allam Properties Expands Footprint at Mostakbal City with New Land Acquisition sizing 279 Feddan
This latest project will mark HAP’s third undertaking in Mostakbal City, which is quickly emerging as one of Egypt’s premier real estate destinations.
Spinneys continues to expand across Egypt with new opening in October City
Spinneys continues to expand its store footprint across Egypt with its latest opening of a new store in west Cairo. The new store, which opened on March 24, is located…