TMG Holding’s ICON Completes Acquisition of Prestigious 7-Hotel Portfolio in Egypt

Talaat Moustafa Group Holding's hospitality arm, ICON, has finalized the acquisition of a majority equity stake of 51% with full management rights in Legacy Hospitality Company, representing a portfolio of 7 disti ...

TMG’s ICON Acquires 39% Stake, Management Rights in Seven Historic Hotels in Egypt

Icon, a subsidiary of Talaat Moustafa Group (TMG), has signed the final agreements to acquire a 39% stake and full management rights in Legasy Hotels, a new company that owns a unique and large portfolio of seven ...

Banking-Insurance Alliance, TMG Launch Egypt Real Estate Investment Fund 1

The first issuance of the fund received EGP 360 mn worth of subscriptions, out of a targeted value of EGP 500 mn, from Egyptian and multinational financial institutions.

Talaat Moustafa to Provide 2 mn Egyptians with COVID-19 Vaccine

Talaat Moustafa Group (TMG) Holding CEO Hisham Talaat Moustafa has inked a cooperation protocol with the Egyptian health ministry to cover the costs of COVID-19 vaccines for about 2 mn unprivileged citizens, as pa ...

Public Sector Endows 60% of Egypt’s Annual Property Investments: Abbas

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas has confirmed that the annual investments in the real estate sector stand at EGP 700 bn - EGP 800 bn, of which 60% ar ...

TMG Holding’s Unit Partners With 2 Banks for East Cairo Projects

Talaat Moustafa Group (TMG) Holding's unit the Arab Company for Projects and Urban Development has partnered with the National Bank of Egypt (NBE) and Banque Misr to develop projects in east Cairo's Rehab and Madi ...

TMG Holding’s Managing Director, Executive VP Resigns After 5M in Role

Amr El Kady has stepped down as managing director and executive vice president of Talaat Moustafa Group (TMG) Holding, after less than five months in the position.

TMG Holding Settles Disputes Over San Stefano Project

Talaat Mostafa Group (TMG) Holding has signed a settlement agreement to resolve over Alexandria’s San Stefano project.

TMG Holding Maintains Stable Financial Results in 2019

Talaat Moustafa Group (TMG) Holding maintained a stable pace of development last year, with real estate transactions dipping by 4% only to hit almost EGP 20.4 bn versus sales in 2018.

Cairo ICT 2019 Heeds Digital Transformation, Smart City Applications

President Abdel-Fattah El-Sisi inaugurated the 23rd edition of Cairo ICT, which took place the Egypt International Exhibition Center (EIEC) from December 1 to 4, bidding to highlight the key benefits within digita ...

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