O West, the fully integrated town by Orascom Development in West Cairo, has signed an operating agreement with Blue Ribbon, a premium sports club management company, to run the O West Sports Club, scheduled to open in the fourth quarter (Q4) of 2025.

The Egyptian Ministers of Finance and Tourism and Antiquities unveiled an initiative to bolster the tourism sector with EGP 50 billion in financing facilities, aiming to increase hotel room capacity in high-priority areas such as Luxor, Aswan, Greater Cairo, the Red Sea, and South Sinai.

The Suez Canal Authority (SCA) has issued an array of facilitations and incentives for the canal transiting yachts under a new navigation circular to promote yacht marine tourism in the Red Sea region.

The government has unveiled the first batch of the tax facilities package aimed at boosting the country’s tax system, promoting investments, and driving economic growth, Minister of Finance Ahmed Kouchouk stated.

The new tax facilities package for small and medium-sized enterprises (SMEs) will come into effect in November.

Egypt-based systems integrator Giza Systems and its subsidiary VAS Integrated Solutions have sealed a Sharia-compliant syndicated bank facilities agreement worth a total of EGP 5.5 billion with several banks, led by Abu Dhabi Islamic Bank-Egypt (ADIB Egypt).

The Egyptian Minister of Housing, Utilities and Urban Communities Assem El-Gazzar has granted facilities to real estate companies, investors, and individuals on the unallocated and withdrawn lands.