Monday 25 Nov

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Egypt's foreign reserves hit record high of $46.4 billion
2024/07/07

Egypt's foreign reserves hit record high of $46.4 billion

The Central Bank of Egypt (CBE) announced today, Sunday, that its foreign reserves rose by $260 million to reach $46.4 billion at the end of...

PM: SouthMed project aligns with North Coast development vision
2024/07/02

PM: SouthMed project aligns with North Coast development vision

Prime Minister, Dr. Moustafa Madbouly, announced a focus on the North Coast to double tourism and accommodate population growth. He highlighted Egypt's potential to attract...

Hisham Talaat: SouthMed project to generate trillion-pound state revenue
2024/07/02

Hisham Talaat: SouthMed project to generate trillion-pound state revenue

Talaat Moustafa Holding Group CEO, Hisham Talaat Moustafa, unveiled the North Coast's SouthMed project, a massive undertaking rivaling global giants at 23 million square meters.

SouthMed sells EGP 60 billion in under 24 hours
2024/07/02

SouthMed sells EGP 60 billion in under 24 hours

Talaat Moustafa Group CEO Hisham Talaat Moustafa announced record-breaking sales for their new project, SouthMed. Reservations opened at 5 pm yesterday, Monday, and continued until...

Talaat Moustafa Group tops stock exchange trading in Q1 2024
2024/07/01

Talaat Moustafa Group tops stock exchange trading in Q1 2024

Shares of Talaat Moustafa Group (TMG) topped the list of most actively traded stocks on the Egyptian Exchange during the first quarter of this year,...

El-Mashat highlights international financing's role in public-private partnerships
2024/07/01

El-Mashat highlights international financing's role in public-private partnerships

Dr. Rania El-Mashat, Minister of International Cooperation, emphasized that Egypt's cooperation with development partners is guided by a clear national strategy and state-defined priorities. This...

Framework cooperation agreement for elevator supply, assembly, and commissioning in Egypt
2024/07/01

Framework cooperation agreement for elevator supply, assembly, and commissioning in Egypt

The Arab Organization for Industrialization, Talaat Moustafa Group (TMG), and Schindler Group have signed a partnership agreement to implement a program for localizing the supply,...

Al-Mashat: €5.5 billion EU funding boosts Egyptian private sector over 4 years
2024/06/29

Al-Mashat: €5.5 billion EU funding boosts Egyptian private sector over 4 years

Minister of International Cooperation, Dr. Rania Al-Mashat, revealed on Saturday that the European Union has provided $5.5 billion in funding to the private sector in...