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,…
Egypt, GIZ, IFAD partner to drive climate-resilient agriculture under NWFE programme
Egypt’s Ministry of Planning, Economic Development and International Cooperation witnessed the signing of a Memorandum of Understanding between the German Agency for International Cooperation (GIZ) and the International Fund for…
Egypt signs $350m agreement to develop integrated textile industrial complex in New October City
Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, witnessed the signing of a contract to establish an integrated spinning and textile industrial complex…
Orion Consumer Finance secures FRA licence ahead of market launch
Orion Consumer Finance (algo), a partnership between Talaat Moustafa Group (TMG) and AUR Leasing and Factoring, has received approval from the Financial Regulatory Authority (FRA) to operate in Egypt’s consumer…
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…
IMF raises Egypt economic growth outlook to 5.4% for FY 2026/27
The International Monetary Fund has revised its growth forecasts for Egypt upwards to reach 5.4% in the fiscal year (FY) 2026/27, citing a positive shift in economic indicators. In its…
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…
Egyptian Competition Authority approves five major mergers, acquisitions
The Economic Concentration Review Committee at the Egyptian Competition Authority (ECA) has approved a series of significant mergers and acquisitions across multiple sectors. Dar Al-Handasah Consultants (Shair and Partners) will…
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…