News / Egypt

Empire State Developments Achieves 40% Construction Progress on its First New Capital Project

Empire State Developments advances construction at El Centro Business Park, reaching 40% completion.

Empire State Developments announced that it has reached 40% construction completion on its first project, El Centro Business Park, located in Downtown area at the New Capital. This milestone is part of the company’s strategy focused on actual execution and strict timelines, reflecting a clear commitment to establishing itself as a serious player in the Egyptian real estate market, Invest-Gate reports.

Beltone Holding Acquires Baobab Group in a Landmark Deal to Build a Pan-African Financial Platform

Beltone Holding announces the successful completion of a strategic acquisition through which Beltone Capital, a wholly owned subsidiary of Beltone Holding, has acquired 100% of Baobab for a total of 197.6 million. The transaction marks Beltone’s first cross-border acquisition and the largest deal in the company’s history, underscoring management’s commitment to creating sustainable shareholder value through disciplined expansion into high-potential markets, Invest-Gate reports.

PORTO FC Promoted to Second Division (B) After an Exceptional Season, Highlighting Strong Institutional Planning and Teamwork

PORTO FC, part of the PORTO Sports Clubs under Amer Group, achieved a new milestone in its football journey after earning promotion from the Third Division to the Second Division (B). The promotion came following a well-deserved 3–1 victory over El Tal El Kabir, allowing the team to secure the top spot in Group Seven and officially confirm promotion with four rounds remaining in the competition, Invest-Gate reports.

Midar Awards 24 Prizes Worth EGP 2 Million to Top Participants at Book Fair 57

Midar, golden sponsor of Cairo International Book Fair 57, awarded 24 prizes worth EGP 2 million to top participants, honoring outstanding artistic and cultural contributions while supporting culture and knowledge in Egypt.

Talaat Moustafa Group Holding Signs Strategic Partnership Agreement with Egypt Education Platform (EEP)

Talaat Moustafa Group (TMG) is pleased to announce the signing of a strategic partnership agreement with Egypt Education Platform (EEP), the largest and fastest-growing education services provider in Egypt, owned by the Egypt Education Fund, which is managed and backed by EFG Hermes, Invest-Gate reports.

Torasna and Brassbell Form Strategic Alliance to Drive Heritage-Led Hospitality Developments in Egypt

Torasna and Brassbell Hospitality Group announce a strategic alliance to develop heritage-led hospitality projects across Egypt, unlocking the cultural, economic, and experiential potential of iconic properties while supporting the country’s record tourism growth.

Arab Developers and IIG Group Launch Azzurri Club in Nyoum October

Arab Developers Holding and IIG Group launch Azzurri Sports Club in Nyoum October, enhancing investment value and integrated urban living in Egypt

Orascom Development Well-Positioned to Benefit from Tourism Growth and Rising Red Sea Investments

HC Brokerage expects strong revenue and earnings growth for Orascom Development Egypt, supported by tourism momentum and Red Sea investments despite residential headwinds.

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