Talaat Moustafa Group (TMG) and the Omani Ministry of Housing and Urban Planning signed an agreement on Monday for real estate and tourism projects valued at OMR 1.5bn west of Muscat.
The signatories were Khalfan Al Shueili, the Omani Minister of (...)
AngloGold Ashanti Ltd. plans to increase its investment in Egypt's Sukari Gold Mine, CEO Alberto Calderon told Prime Minister Moustafa Madbouly, according to a Cabinet statement issued Thursday.
The announcement came as the Egyptian prime minister (...)
Prime Minister Moustafa Madbouly toured Egypt's largest gold mining operation at Sukari in the Marsa Alam area on Thursday, following a meeting with executives of AngloGold Ashanti, the mine's new investor.
The site visit follows AngloGold Ashanti's (...)
Egypt's Prime Minister Mostafa Madbouly inspected underground mining operations and a 36-megawatt solar power plant during a visit to the Sukari Gold Mine (SGM) in Marsa Alam. The station provides more than 20 per cent of the site's electricity (...)
Egyptian Prime Minister Moustafa Madbouly visited the Sukari gold mine on Monday, signalling a renewed push to overhaul the North African nation's mining sector as the government courts foreign investors and seeks to ramp up mineral (...)
Najma Walk Developments has signed a strategic partnership agreement with Concord Hotels and Resorts to manage and operate hospitality services at Najma Walk, the company's latest project in New Cairo.
Mahmoud Shalaby, a board member of Najma Walk (...)
Egypt's Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from AngloGold Ashanti to discuss efforts to enhance investment in the mining sector.
During the meeting, Badawi highlighted the signing of a new gold and mineral (...)
ADNOC Distribution, the UAE-based fuel and retail company, explores entry into Egypt's electric vehicle (EV) charging market and is in the process of securing the necessary licences, according to CEO Bader Al Lamki.
As part of its expansion (...)
Talaat Moustafa Group (TMG) reported a 224% surge in profits for 2024, reaching EGP 10.7bn, compared to EGP 3.3bn in 2023. This significant increase was driven by a 50% rise in revenues, which climbed to EGP 42.6bn from EGP 28.4bn the previous (...)
Egypt's Minister of Investment and Foreign Trade, Hassan El-Khateeb, met with the CEO of Barceló Hotel Group, Raúl González, to discuss investment opportunities in Egypt's tourism and hotel sector as part of his official visit to Spain.
El-Khateeb (...)
Minister of Civil Aviation Sameh El-Hefny recently outlined the ongoing efforts to modernize Egypt's airspace, which includes the implementation of international standards aimed at attracting more air traffic and renewing radar networks. El-Hefny (...)
Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, reviewed the achievements of the Central Agency for Reconstruction in 2024, an entity affiliated with the ministry. The agency has successfully completed 37 diverse projects, (...)
Mohamed El-Shimy, Minister of Public Enterprises Sector, has visited the Egyptian General Company for Tourism and Hotels (EGOTH), a subsidiary of the Holding Company for Tourism, Hotels and Cinema (HOTAC), to review ongoing operations and project (...)
Egypt's Prime Minister Mostafa Madbouly recently chaired a meeting of the Permanent Higher Committee for Monitoring Egyptian-African Relations, attended by Egypt's economic ministers and other relevant government officials. The session, part of the (...)
Minister of Tourism and Antiquities Sherif Fathy held a meeting at the National Museum of Egyptian Civilization in Fustat with Maja-Jennifer Koehl, CEO of ETI Group, and the accompanying delegation to explore ways to boost tourism from Eastern (...)
Sameh El-Hefny, the Minister of Civil Aviation, has dismissed rumours about selling Egyptian airports to foreign entities, affirming that they remain state-owned and under Egyptian sovereignty. The government is focusing on enhancing airport (...)
Egypt's Minister of Civil Aviation, Sameh El-Hefny, has categorically dismissed rumours suggesting the government is considering privatising the country's airports. The minister reaffirmed the state's full ownership and control of these vital (...)
The eighth edition of the Think Commercial roundtable delved into the diversity of financing instruments in Egypt. The discussion covered the impact of Real Estate Investment Trusts (REITs) on the real estate sector, the future of financing options (...)
Egypt's Central Agency for Reconstruction is currently overseeing the implementation of 25 projects with a total cost of 1.6425 billion Egyptian pound ($104.8 million USD), across the Red Sea Governorate.
Minister of Housing, Utilities, and Urban (...)
Talaat Moustafa Group Holding (TMG Holding) has achieved unprecedented results during the first five months of 2024, surpassing initial expectations across all activities. The Group's operational and financial performance continues to deliver on (...)
The US Embassy in Cairo hosted a celebration at the American University in Cairo to mark the 248th anniversary of American independence. The event brought together Egyptian government officials, diplomatic representatives, and business leaders.
In (...)
The Arab African International Bank (AAIB) and the National Bank of Egypt (NBE), as lead arrangers, have collaborated with other prominent financial institutions to increase the joint loan provided to Roya Developments. The loan amount has been (...)
The Tourism Development Authority has increased allocations for joint campaigns with professional partners, including tour operators and airlines. Additionally, aviation incentives provided by the Ministry of Aviation aim to maintain movement and (...)
Egypt's stock exchange (EGX) closed mixed on Thursday, with the main index, EGX30 inching up by 0.06 per cent, to 29,309.73 points.
The small to mid-size enterprises' index, EGX70 hiked by 1.42 per cent, to 7,854.63 points.
The index, EGX100 index (...)
Egypt's stock market (EGX) closed in the green area on Thursday. The main index, EGX30 jumped by 0.18 per cent, to 28,926.15 points.
The small to mid-size enterprises' index, EGX70 soared by 1.44 per cent, to 7,243.93 points.
The index, EGX100 index (...)
