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Egypt to receive $1.2 billion in new IMF funding
2024/12/25

Egypt to receive $1.2 billion in new IMF funding

Sources reported on Wednesday that Egypt is set to receive a $1.2 billion disbursement from the International Monetary Fund (IMF) as part of its ongoing...

Talaat Moustafa pioneers AI-driven cloud infrastructure in Noor City
2024/09/29

Talaat Moustafa pioneers AI-driven cloud infrastructure in Noor City

Talaat Moustafa Group (TMG) has signed a new partnership agreement to support its efforts in building smart cities and leveraging technological advancements to deliver real...

Alexandria Pharma sales soar to EGP 1.7 billion by June 2024
2024/09/14

Alexandria Pharma sales soar to EGP 1.7 billion by June 2024

The adjusted financial indicators of Alexandria Pharmaceutical and Chemical Industries Company showed that the company's profits increased by 71.3% on an annual basis during the...

TMG forecasts doubled dollar revenue from hotel expansion
2024/09/02

TMG forecasts doubled dollar revenue from hotel expansion

Talaat Moustafa Holding Group (TMG) expects to double its dollar revenue to $856 million by 2028, primarily driven by its recent acquisition of a controlling...

Talaat Moustafa Group soars: Profits triple, Revenues hit EGP 17 billion
2024/08/13

Talaat Moustafa Group soars: Profits triple, Revenues hit EGP 17 billion

Talaat Moustafa Holding Group (TMG Holding) announced a significant surge in net profit for the first half of the year, with a 310% year-on-year increase....

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...