News / Egypt

Vodafone Egypt and Taptap Send Sign Strategic Partnership to Enable Direct International Remittances from More Than 30 Countries to Vodafone Cash Wallets

Vodafone Egypt has announced a strategic partnership with TapTap Send, one of the world’s leading international remittance platforms, enabling instant and secure money transfers from more than 30 countries directly to Vodafone Cash wallets in Egypt, Invest-Gate reports.

Minister of Housing follows up on the executive status and handover of units in the beachfront towers and “Mazarine” compound in New Alamein City

Egypt’s Housing Minister reviews progress and unit deliveries in New Alamein’s beachfront towers and Mazarine compound, stressing faster execution and quality standards.

Empire State Developments Celebrates Its Achievements with the Presence of the Minister of Youth and Partners

Empire State Developments, real estate development, New Capital, residential projects, commercial projects, success partnerships, real estate investment

Town Group Expands Portfolio, Eyes Growth in Retail Sector

Town Group Developments continues to expand its footprint in Egypt’s real estate market, supported by a growing portfolio of commercial developments that position it as an emerging player in the retail sector, Invest-Gate reports.

El Attal Rebrands Attal Properties as Biography

El Attal Holding announced the rebranding of its subsidiary Attal Properties to Biography, marking a strategic step that reflects a renewed vision for the future of real estate development in Egypt, Invest-Gate reports.

Fitch Expects Egypt’s Construction Sector to Grow at an Average of 6.3% Through 2035

Fitch expects Egypt’s construction sector to grow at an average rate of 6.3% through 2035, supported by major infrastructure, transport, and energy projects.

Housing Minister Holds Expanded Meeting to Review Progress of Phase One Projects Under the Presidential “Hayah Karima” Initiative

Minister of Housing, Utilities, and Urban Communities, Eng. Randa El-Menshawy, held an expanded meeting to review the progress of Phase One projects under the presidential  Hayah Karima initiative aimed at developing Egypt’s rural villages. The meeting addressed projects implemented by the Ministry of Housing in the sectors of drinking water, sanitation, utilities, and service facilities. It was attended by Eng. Ahmed Omran, Deputy Minister for Utilities, along with ministry officials and heads of affiliated entities responsible for implementing the projects, Invest-Gate reports. 

Sky Abu Dhabi Acquires 75 Feddans in Sixth Settlement

Sky Abu Dhabi Developments announced the acquisition of a new 75-feddan land plot in the Sixth Settlement area of New Cairo, Invest-Gate reports.

Octo Partners with Arab Bank to Launch Prepaid Visa Cards in Egypt

Octo and Arab Bank introduce secure, easy-to-use prepaid Visa cards linked to the Instapay network for seamless payments in Egypt.

Madinet Masr Reports FY 2025 Results with EGP 11.7bn Revenue and EGP 3.6bn Net Profit

Madinet Masr, one of Egypt’s leading urban community developers, announced its consolidated financial results for the full year ended 31 December 2025 (FY 2025), marking another year of strong operational and financial performance. The Company recorded revenues of EGP 11.7 billion and net profit of EGP 3.6 billion, supported by solid new sales activity and continued progress in unit deliveries across its master-planned communities. During the fourth quarter (Q4 2025), Madinet Masr generated revenues of EGP 4.3 billion and net profit of EGP 1.3 billion, while new sales reached EGP 16.1 billion, reflecting sustained demand for the Company’s developments, Invest-Gate reports.

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