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Companies provided EGP 2.45bln in real estate financing by the end of January 2026

Companies provided EGP 2.45bln in real estate financing by the end of January 2026

Recent data from the Social Housing Fund revealed disparities in...

Businessmen Team 07 Feb 2026

The figures indicate that mortgage finance companies serve as a vital complement to the banking sec...

Banks inject EGP 84.5bln into low-income housing by end of January 2026

Banks inject EGP 84.5bln into low-income housing by end of January 2026

Latest data from the Social Housing and Mortgage Finance Fund...

Businessmen Team 07 Feb 2026

The competition for the top spot among the major banks continues, with the National Bank of Egypt (...

El-Sherbiny, Marzouk tour Gamasa new industrial treatment plant

El-Sherbiny, Marzouk tour Gamasa new industrial treatment plant

Minister of Housing, Utilities, and Urban Communities Engineer Sherif El-Sherbiny...

Businessmen Team 19 Jan 2026

The visit, which followed a tour of a seawater desalination plant in New Mansoura, included senior...

Egypt denies plans to sell state-owned textile factories

Egypt denies plans to sell state-owned textile factories

In a statement released by the Cabinet’s Media Center, the...

Businessmen Team 25 Dec 2025

The ministry stated that the project covers approximately 60 factories and service buildings across...

Egyptian pound holds steady against US dollar

Egyptian pound holds steady against US dollar

The foreign exchange market in Egypt witnessed noticeable stability in...

Businessmen Team 29 Nov 2025

US Dollar Rate at Egyptian Banks:Central Bank of Egypt (CBE):Buying: EGP 47.58  Selling: EGP 47.7...

Industry Minister tackles investor challenges, pushes regulatory reform

Industry Minister tackles investor challenges, pushes regulatory reform

Minister of Industry and Transport, Lieutenant General Engineer Kamel Al...

Businessmen Team 21 Oct 2025

The meeting was attended by Minister of Electricity and Renewable Energy Dr. Mahmoud Esmat, Ministe...

New factory opens in Gamassa to boost agricultural exports

New factory opens in Gamassa to boost agricultural exports

Minister of Industry and Transport, Lieutenant General Engineer Kamel Al-Wazir,...

Businessmen Team 20 Oct 2025

The visits are part of a series of regular tours by the Minister to industrial areas and factories...

QNB to launch digital bank in Egypt with EGP 2 bln capital

QNB to launch digital bank in Egypt with EGP 2 bln capital

Qatar National Bank (QNB) has received preliminary approval from the...

Businessmen Team 09 Oct 2025

The new entity, which will operate under the name "EZ Bank," will be a subsidiary of QNB's local un...

US dollar drops against Egyptian pound Monday

US dollar drops against Egyptian pound Monday

The U.S. dollar recorded slight fluctuations against the Egyptian pound...

Businessmen Team 06 Oct 2025

Dollar exchange rates at major Egyptian banks:National Bank of Egypt (NBE):Buying: EGP 47.58  Sellin...

Housing Minister inspects Nabaruh drinking water station

Housing Minister inspects Nabaruh drinking water station

Engineer Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities,...

Businessmen Team 24 Jul 2025

The Minister of Housing and the Governor of Dakahlia toured the site of the Nabaruh drinking water...

El-Sherbiny inspects mit khamis water station

El-Sherbiny inspects mit khamis water station

Engineer Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities,...

Businessmen Team 24 Jul 2025

The visit included a detailed briefing on the water station’s operational history. The first phase...

Orascom Development announces new CEO for O West, Makadi Heights, Byoum

Orascom Development announces new CEO for O West, Makadi Heights, Byoum

Orascom Development has announced a key leadership change, appointing Hazem...

Businessmen Team 15 Jan 2025

Hazem Helal will also be a key member of the Orascom Development executive committee, reporting dir...