CBE’s net foreign assets record $10.3bn surplus in August
The Central Bank of Egypt's net foreign assets (NFA) achieved a surplus for the fourth consecutive month, reaching $10.3bn, equivalent to EGP 499.269bn, in August 2024. It compared to $10.5bn,…
IL CAZAR launches new phase of The Crest after EGP 11.8bn sales at Safia project
IL CAZAR for Urban Development is preparing to launch the second phase of its The Crest project in New Cairo, with expected total sales reaching EGP 4bn. This will be…
New tax relief measures to be clarified shortly: Abdel Aal
Rasha Abdel Aal, Head of the Egyptian Tax Authority, has announced that all the aspects of the tax relief package will be revealed over the next four weeks, with specific…
MRB cooperates with Emerald Developments to develop Stone Capital at New Capital
Mohamed Rashid, CEO of MRB Holding Group, announced the adoption of an integrated strategic plan after merging a group of companies under its umbrella, in preparation for its launching in…
UC Developments partners with Mido to sponsor The Maker Football Academy
UC Developments has signed a cooperation agreement to sponsor The Maker Academy, supporting and nurturing rare sports talents in Egypt. This partnership was with Ahmed Hossam “Mido”, the founder and…
Maxim Investment Group unifies its brands under new entity
In celebration of Maxim Mall's 8th anniversary in New Cairo, Maxim Investment Group announced the consolidation of its brands under the new entity, Maxim Commercial and Entertainment Centres. This entity…
Proptech transforms Egypt’s real estate: 1st startup incubator, smart city advancements, and tech integration
Khaled Abbas, Chairperson and Managing Director of Administrative Capital for Urban Development (ACUD), has announced the launch of Egypt’s first real estate startup incubator. During the Invest-Gate’s roundtable Proptech Innovations:…
South Sudan postpones elections, extends transition period by 2 years
South Sudan’s transitional government has announced the postponement of long-delayed elections and extended the transition period by two years, citing the government’s failure to meet key provisions of a peace…
Senior officials meet in Bamako to operationalize Sahel States Confederation
Senior officials from Burkina Faso, Mali and Niger gathered in Bamako on Friday to lay the groundwork for the upcoming meeting of the Ministers of Foreign Affairs of the Confederation…
Hundreds of thousands displaced as floods devastate Northeast Nigeria
Torrential rains have caused a dam to collapse, flooding vast areas of northeast Nigeria and displacing hundreds of thousands of people, the UN World Food Programme (WFP) announced. Alau Dam,…
