Egypt’s Ras El-Hekma Megaproject: Modon Holding Secures Key Partners for
Modon Holding PSC, the master developer for the Ras El-Hekma megaproject on Egypt's Mediterranean coast, has taken a significant step forward by securing key partnerships for the ambitious development. The…
UAE’s ADQ appoints Modon Master Developer for Egypt’s Ras El-Hekma Megaproject
Abu Dhabi-based investment and holding company ADQ has appointed Modon Holding PSC as the master developer for the Ras El-Hekma megaproject, a major development spanning 170 million square metres on…
Egypt, UAE leaders witness launch of $110bn Ras El-Hekma Development Project
Egypt President Abdel Fattah Al-Sisi and UAE President Mohamed bin Zayed Al Nahyan witnessed the launch of the Ras El-Hekma development project on Egypt's western North Coast, a significant step…
Cairo Fashion & Tex Exhibition Opens with 550 Exhibitors
The 75th edition of the Cairo Fashion & Tex exhibition opened on 3 October 2024 at the Cairo International Exhibition and Conference Centre. The event is being held under the…
Egypt secures $2.9bn in new financing: Al-Mashat
Egypt is on track to secure $2.9bn in new financing from a group of development partners, including the European Union, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat…
Egypt’s GDP growth records 2.4% in FY 2023/24
Egypt's GDP growth rate slowed to 2.4% in the fourth quarter of fiscal year (FY) 2023/24, bringing the annual growth rate to 2.4%, down from 3.8% in the previous year.…
Egypt’s Environment Minister reviews updates of ‘Safe Haven’ project in Fayoum
Egypt’s Minister of Environment, Yasmine Fouad, held a meeting with Princess Alia bint Al Hussein of Jordan and Ahmed Al Ansari, Governor of Fayoum, via video conference to review the…
Egyptian banking sector shows strong financial indicators, surpassing regulatory benchmarks: CBE
A financial stability report issued by the Central Bank of Egypt revealed the continued resilience of Egypt’s financial system—both banking and non-banking sectors—in performing its core function of financial intermediation…
Rapid regional developments impact economy: Prime Minister
Egypt’s Prime Minister Mostafa Madbouly chaired a government meeting on Wednesday, at the Cabinet headquarters in the New Administrative Capital. Madbouly stated that the rapid developments in the region created…
8 Israeli soldiers killed in Hezbollah ambushes in Lebanon
Israeli media has reported casualties among the Israeli army during clashes with Hezbollah. Israel’s TV Channel 12 confirmed the deaths of eight officers and soldiers from the Israeli commando unit,…
