Nile Property Expo teams up with Nawy to expand global reach
The Nile Property Expo, a leading platform for Egyptian real estate developers, is expanding its reach into the US market with the launch of its 13th edition in New Jersey.…
TICAD Ministerial Meeting concludes with focus on cooperation, UN Security Council reform
Ministers and minister-level officials from Japan, Egypt, and 40 other African countries met in Tokyo for a two-day ministerial meeting of the Tokyo International Conference on African Development (TICAD), culminating…
Saudi Cities Authority invites Egyptian-Swiss Group to invest in Jeddah food cluster
The Saudi Cities Authority (MODON) has invited the Egyptian-Swiss Pasta and Milling Group to invest in the Kingdom’s largest food industry cluster in Jeddah, as part of a broader effort…
Residence Developments invests EGP 750m in Aroma Al Sokhna’s final phase
Residence Developments is preparing to begin construction work on the fourth and final phase of its Aroma Al Sokhna project, the company's CEO has announced. Wael El Shahed, CEO of…
Foreign Ministry monitors investigation into death of Egyptian researcher in France
The Egyptian Ministry of Foreign Affairs is closely monitoring the investigation into the death of Egyptian researcher Reem Hamed, who died in France on Thursday, August 22. In a statement…
JLL to manage El Batal Developments’ Rock Gold Mall in Cairo
El Batal Developments has appointed JLL, a global real estate services firm, to provide property management services for its Rock Gold Mall, the first gold and beauty mall in Cairo's…
Somabay profits surge 155% in H1 2024
Somabay, the developer of the Somabay peninsula in Egypt, reported a 155% increase in profits for the first half of 2024, reaching EGP 102m. The company's revenues rose by 29%,…
Egypt’s Prime Minister dismisses real estate bubble threat
Egypt's Prime Minister Mostafa Madbouly has dismissed concerns about a real estate bubble in Egypt, stating that the country is not at risk of experiencing such a phenomenon. Addressing the…
Egypt’s Al-Sisi discusses MidEast tensions with US Joint Chiefs Chairperson
Egyptian President Abdel Fattah Al-Sisi met on Sunday with Lieutenant General Charles Brown, the Chairperson of the US Joint Chiefs of Staff, and his accompanying delegation. The meeting, which focused…
Egypt, Kenya discuss regional issues at TICAD meeting
Egypt and Kenya have agreed to strengthen their bilateral relations and coordinate efforts on regional issues, including the ongoing crisis in Gaza and the situation in Sudan. Egyptian Foreign Minister…