News / Business

Prime Minister Reviews Proposals from Global Alliance to Manage Financial District in New Capital

Prime Minister Dr. Mostafa Madbouly chaired a meeting to review proposals from the Cairo International Financial Center (CIFC) for the management of the Financial and Business District in the New Capital. The meeting was attended by Minister of Housing, Utilities, and Urban Communities Eng. Sherif El-Sherbini, along with CIFC representatives Mr. Raoul Alos Thomas, Mr. Hisham Kaddoura, and Mr. Salah Al-Nasser, Invest-Gate reports.

Fawry Partners with CDS Solutions to Deliver Integrated Payment Solutions for Odoo Customers in Egypt

Fawry, Egypt’s leading fintech company, has announced a strategic partnership with CDS Solutions, Odoo’s certified Golden Partner in Egypt, to integrate Fawry’s point-of-sale (POS) systems with Odoo’s POS platform. The move underscores both companies’ commitment to driving digital transformation and enhancing operational efficiency for businesses across Egypt, Invest-Gate reports.

PRE Group Announces First-Half 2025 Financial Results

PRE Group, listed on the Egyptian Exchange, announced its consolidated financial results for the period ending June 30, 2025. The company reported total revenues of EGP 3.3 bn and a net profit of EGP 504 mn, with total assets reaching EGP 66 bn by the end of June 2025 and shareholders’ equity amounting to EGP 13.4 bn, Invest-Gate reports.

With Unprecedented Attendance, Beltone Holding General Assembly Renews Confidence in Board and CEO Dalia Khorshid for Three More Years

Beltone Holding announced that its Ordinary General Assembly recorded the highest attendance and voting rate in the company’s history, with about 88% of shareholders eligible to vote participating. The assembly approved by 99.9% the re-election of the Board of Directors and the renewal of Dalia Khorshid’s mandate as CEO and Managing Director for an additional three years, Invest-Gate reports.

Madinet Masr Celebrates 2024 Orange Corners Egypt Graduates, Empowering Young Entrepreneurs in Delta and Upper Egypt

Madinet Masr (EGX: MASR.CA), one of Egypt’s leading urban community developers, celebrated the graduation of the 2024 cohort of the Orange Corners Egypt Programme, reaffirming its commitment to youth empowerment and entrepreneurship, Invest-Gate reports.

Horizon Egypt Partners with SHOT London to Launch First Branch in Egypt at SA’ADA New Cairo

Horizon Egypt for Tourism Communities Development has signed a partnership agreement with the British luxury coffee brand SHOT London to open its first branch in Egypt at the SA'ADA New Cairo project in 2026, Invest-Gate reports.

Emaar Extends Marassi’s Summer Season Until End of October, Opening New Horizons for Tourism and Investment

Emaar Misr has announced the extension of the summer season at Marassi in Egypt’s North Coast until the end of October, marking the second consecutive year of prolonging the season. The decision follows last year’s extension, which proved highly successful and reinforced Marassi’s status as one of the region’s premier tourism destinations, Invest-Gate reports.

Beltone Mortgage Successfully Concludes its First EGP 1.32 bn Securitization Issuance

Beltone Mortgage has completed its first securitized bond issuance worth EGP 1.32 bn, attracting strong investor demand with 2.3 times oversubscription. The deal, executed under Beltone Securitization’s second program, underscores confidence in the company’s portfolio and financial position, Invest-Gate reports.

Brouq Developments appoints Azure Architects for upcoming New Cairo project launch

Brouq Developments has signed an agreement with Eng. Omar Okeil, Head of Azure Architects, to design its latest New Cairo project. The partnership reflects Brouq’s commitment to innovative, sustainable, and high-quality developments, Invest-Gate reports.

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