Al Ahly Sabbour unveils Wadi Zaha in Oman with OMR 90m investment
Al Ahly Sabbour Developments has announced the launch of Wadi Zaha, the first neighbourhood in its project in Sultan Haitham City, Oman, with a total investment of OMR 90m ($234.59m).…
Real Estate Development Chamber calls for 3-10% mortgage initiatives
The Real Estate Development Chamber at the Federation of Egyptian Industries has called for the introduction of initiatives to support the real estate sector, including the provision of mortgages with…
CIB completes EGP 1.56bn securitization deal for B.TECH, serving as financial advisor, arranger, and manager
The Commercial International Bank (CIB) Egypt has successfully concluded the fourth securitization deal for B.TECH, valued at EGP 1.5605bn. CIB acted as the financial advisor, arranger, manager, and promoter for…
Egyptian Minister, Japanese Ambassador review cooperation plans in Cairo
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met with Japan's Ambassador to Cairo, IWAI Fumio, to discuss the implementation plan for outcomes from her December 2024…
Striving to digitize real estate appraisal nationwide: FRA Chairperson
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), highlighted the Authority’s ongoing efforts to digitize real estate appraisal by developing electronic applications to assist appraisers in various regions. These…
Egypt to approve simplified tax system for SMEs, entrepreneurs, and professionals soon: Finance Minister
Ahmed Kouchouk, Egypt’s Finance Minister, has announced that a simplified tax system designed to support small and medium-sized enterprises (SMEs), entrepreneurs, and professionals will soon be approved. This initiative is…
Egypt’s Al-Mashat, EU official discuss €4bn macro-financial assistance programme
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, met virtually with Elena Flores, Deputy Director-General of the European Commission and Head of International Economic and Financial Relations,…
Archaeologists uncover Ptolemaic-era statue head in Alexandria’s Taposiris Magna
A French archaeological mission led by Joachim le Bomin, in collaboration with Lyon University and the French Institute of Eastern Archaeology in Cairo, has uncovered a remarkable marble statue head…
Al-Sisi, Haftar discuss Libyan stability, security
Egyptian President Abdel Fattah Al-Sisi met with Field Marshal Khalifa Haftar, commander of the Libyan National Army (LNA), on Saturday, to discuss the situation in Libya. Head of the Egyptian…
CBE explains decline in inflation during December 2024
Annual urban headline inflation decreased to 24.1% in December 2024, down from 25.5% in November 2024, marking the lowest rate in two years. This decline is primarily driven by a…
