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…
Egypt advances local production of pneumococcal vaccine through VACSERA partnership
Egypt’s Ministry of Health and Population announced that the state-owned Holding Company for Biological Products and Vaccines (VACSERA) has hosted a delegation from GenVax Egypt and China’s Minhai, as part…
Bel Group invests €150m in Egypt to expand production, modernize facilities
Bel Group has reinforced its commitment to Egypt with nearly €150m in investments focused on industrial excellence, digitalization, and advanced production technologies. After more than 28 years in the Egyptian…
FRA issues regulations governing insurance coverage for medical errors under government fund
The Financial Regulatory Authority (FRA) has issued regulations governing insurance operations covered by the Government Fund for Insurance against Risks Arising from Medical Errors, as part of efforts to enforce…
Egypt targets competitiveness, private capital as reforms enter delivery phase: Investment Minister
Hassan El-Khatib, Minister of Investment and Foreign Trade, said Egypt has decisively moved from a phase of stability to one of execution, noting that with macroeconomic stability restored, the focus…
AfDB provides $170m to Egypt for economic diversification and sustainability
Egypt and the African Development Bank (AfDB) have signed a $170m agreement for the second phase of the Private Sector Development and Economic Diversification Support Program (PSD-EDSP II) to support…
Egypt to commence construction of 4,000-bed medical city
Egypt's Prime Minister Mostafa Madbouly has ordered the immediate implementation of the "Medical Capital City for Hospitals and Educational Research and Training Institutes" following directives from President Abdel Fattah Al-Sisi.…
Al-Sisi calls for unified religious discourse to counter extremism, modernize Islamic outreach
Egyptian President Abdel Fattah Al-Sisi on Monday urged the development of a unified and enlightened religious discourse to confront extremism and adapt Islamic outreach to the digital era, as Cairo…
Madinet Masr posts record EGP 52.1bn in new sales as deliveries surge 201% in 2025
Egyptian real estate developer Madinet Masr reported a strong performance in 2025, achieving record new sales of approximately EGP 52.1bn. During the year, the company sold 4,462 units, while the…
Finance, investment ministers witness Customs-Commercial Service cooperation protocol
Ahmed Kouchouk, Minister of Finance, and Hassan El-Khatib, Minister of Investment and Foreign Trade, witnessed the signing of a cooperation protocol between Ahmed Amoui, head of the Egyptian Customs Authority,…