Egypt reaffirms Red Sea access for bordering nations only, pledges support for Somali sovereignty
Egyptian Foreign Minister Badr Abdelatty stated on Monday that the Red Sea should only be accessible to nations bordering it and that no other parties should be permitted entry. The…
Egyptian Society of Real-Estate Appraisers to Hold International Conference in Cairo
The Egyptian Society of Real-Estate Appraisers (ESREA) will hold its second international conference on 18 January 2025, at the Semiramis Intercontinental Hotel in Cairo. The conference, titled "The Real Estate…
TMG sales exceed $10bn in 2024 solidifying regional real estate leadership
Talaat Moustafa Holding Group (TMG) has reported record sales for 2024, exceeding EGP 0.5trn, or approximately $10bn, by December 22. This figure marks a significant milestone for the company, solidifying…
Syria’s Al-Sharaa Vows to Centralise Weapons, Improve Ties With Lebanon
Ahmad Al-Sharaa, the leader of Syria’s ruling administration, met with Turkish Foreign Minister Hakan Fidan and Lebanese Druze leader Walid Jumblatt in Damascus on Sunday. The meetings signal a determined…
Siemens Healthineers to acquire Varian equipment sales, services in Egypt
Siemens Healthineers Egypt has finalized an agreement with IEC Medical Systems (Industry and Engineering Consultants for Medical Systems) to acquire the sales and service business of Varian equipment in Egypt.…
Unionaire launches largest home appliances factory with EGP 6bn investment
Unionaire Group, a leading home appliances manufacturer, has unveiled plans to launch a state-of-the-art factory with an investment of approximately EGP 6bn, marking a significant expansion in Egypt’s manufacturing sector.…
ERC completes debt restructuring, pays $315m to senior, subordinated lenders
The Egyptian Refining Company (ERC) has concluded its Senior and Subordinated Debt Restructuring, marking a significant milestone in its financial strategy. As part of the agreement, ERC made payments totaling…
Deputy PM launches executive plan for ‘One Health’
Egypt's Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, officially launched the National Executive Plan for One Health (2024-2027) on Sunday, alongside the Strategic Framework for…
Egypt’s Ministry of Culture revamps strategy to boost cultural impact
Egypt’s Prime Minister, Mostafa Madbouly, met with Minister of Culture Ahmed Fouad Hanno on Sunday to review the ministry's operational strategy. This strategy is designed to enhance Egypt's cultural identity,…
CBE’s Governor participates in AMF meeting on financial stability
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), participated in the 19th High-level Meeting on Financial Stability and Regulatory and Supervisory Priorities in Abu Dhabi, taking place on…
