News / Egypt

EMPC to Develop Additional Administrative Studios in Giza

Egyptian Media Production City’s (EMPC) board has agreed to purchase an 884-square-meter flat in Agouza, Giza Governorate, for developing a fully-fledged administrative studio, with investments worth EGP 35 mn.

Jaz Hotel Group Agrees to Manage Sharm Dreams Resort

Jaz Hotel Group, the hospitality arm of Egypt's travel conglomerate Travco Group International, has inked a ten-year management agreement for Sharm Dreams Resort, located in Naama Bay, along the coastline of Sharm El Sheikh

Gov’t Holds 1st Meeting for Egypt’s Participation in Expo 2020

The Ministry of Trade and Industry held the first meeting of the National Coordinating Committee to discuss Egypt’s participation in Expo 2020 Dubai

Investments in Shorouk City Touch EGP 3 bn: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the volume of investments pumped into Shorouk City mark about EGP 3 bn, stressing that 4,416 social housing units have been finalized, with 2,905 delivered to beneficiaries.

Headline Inflation Falls in September to Ease More Interest Cuts

Egypt’s annual headline inflation rate plummeted to 4.8% in September, compared to 7.5% a month ago, and remained almost stationary on a month-on-month basis, easing to its lowest hit since November 2012 and charting the path for additional key rate cuts.

Advertorial: Porto New Cairo’s Park Mall Marks Unrivaled Lifestyle Destination

Porto Group announced in a grand celebration the soft opening of Park Mall at its newest residential and recreational hub in the Fifth Settlement, New Cairo.

CED Sells Out Downtown New Alamein Phase I

Egypt's national developer City Edge Developments (CED) has sold out phase I of its newly launched project, dubbed “Downtown New Alamein,” in less than a week since its initial launch, achieving sales worth EGP 700 mn.

Union Pharmacist to Co-Develop Residential Project in New Minya

Union Pharmacist Company for Medical Services and Investment's (UPMS) board of directors (BoD) has approved the joint establishment of an 840-acre integrated residential compound, in the northern expansions area of New Minya.

Tatweer Misr Partakes in 10th Global Conference on Entrepreneurship

Egypt-based Tatweer Misr took part in the 10th Global Conference on the Intersection of Entrepreneurship Research and Policy, titled, “Entrepreneurship Ecosystems – The Future Ahead," held from October 2 to 4 in Washington, D.C.

Orascom Construction Inks USD 1.3 bn Deals in Q3

Orascom Construction (OC) has signed new contracts worth USD 1.3 bn in Q3 2019, spiking by 150% year-on-year (YoY) and 39% quarter-on-quarter (QoQ)

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