Abu Dhabi Developmental Holding (ADQ) is poised to unveil a comprehensive plan for the Ras El-Hekma development project in the coming months, contingent upon the Egyptian government’s approval.

The Administrative Capital for Urban Development (ACUD) has selected Dar Al-Handasah engineering consortium to design the second, third, and fourth phases of the New Administrative Capital

Saudi Egyptian Developers (SED) and the UAE’s Al Shafar General Contracting (ASGC) Group are close to revamping the former National Democratic Party (NDP) headquarters in the heart of Cairo, in collaboration with The Sovereign Fund of Egypt (TSFE).

The Egyptian Natural Gas Holding Company (EGAS) has signed a memorandum of understanding (MoU) with Romania’s Transgaz to reinforce joint cooperation in the field of natural gas transmission, according to Cabinet statement on February 5th. The MoU targets deepening cooperation between Egypt and Romania in the infrastructure development projects of natural gas transmission.

Arab Company for Asset Management and Development’s (ACAMD) board of directors approved an offer by a consortium of Vantage Developments and the UAE’s Annex Investments for the development of projects on a 60,000-square meter (sqm) land in Zifta city in the governorate of Gharbia, according to a filing to the Egyptian Exchange (EGX) on Wednesday. The consortium plans to develop residential, commercial, administrative, medical, tourist, and recreational projects on the land.

Remco for Tourism Villages Construction (RTVC) incurred EGP 47.15 in standalone net losses during the first nine months of 2022, down by 87.88% from EGP 388.92 million during the same period of 2021, according to the financial income statement filed to the Egyptian Exchange (EGX) on January 30th.

Orascom Development Egypt’s (ODE) (ORHD) net real estate sales rose by 20.7% year-on-year (YoY) to EGP 11.11 billion in 2022, up from EGP 9.20 billion, marking the group’s highest sales in history, according to its preliminary earnings release published on January 30th.

General Company for Land Reclamation, Development, and Reconstruction (AALR) achieved net profits after tax of EGP 3.02 million in the first half (H1) of fiscal year (FY) 2022/2023, versus net losses of EGP 31.62 million in the FY-ago period, according to financial indicators filed to the Egyptian Exchange (EGX) on January 31st.

ExxonMobil Egypt has signed a memorandum of understanding (MoU) with Sawiris Foundation for Social Development (SFSD) to join its program “Bab Amal”, carried out by the Giving Without Limits Association in Assiut, according to a press release on January 31st.

Orascom Development Egypt (ODE) (ORHD) has appointed Wael Al Lawati as the new CEO of its Omani destinations of Muriya, including the awarding-winning communities of Jebel Sifah and Hawana Salalah, according to an emailed press release on January 31st.

President Abdel Fattah ratified Law No. 1 of 2023 granting a commitment to build and develop the superstructure, use, manage, operate, maintain, and re-deliver a container terminal in Ain Sokhna port to the under-construction firm of Red Sea Container Terminals Company, the Middle East News Agency reported on January 23rd.

President Abdel Fattah El-Sisi received a phone call from his Senegalese counterpart Macky Sall on January 23rd, reviewing preparations for the upcoming annual African summit, which is scheduled to take place next February, according to a statement by the Egyptian presidency.

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has granted a total of EGP 6.8 billion worth of financing to micro and small enterprises in 2022, the agency’s CEO Basil Rahmi said in a meeting with Prime Minister Mostafa Madbouly on January 23rd.

Egyptian President Abdel-Fattah El-Sisi has welcomed on January 23rd Director of the American Central Intelligence Agency (CIA) William Burns in Cairo, where they discussed ways to enhance bilateral security and intelligence cooperation, according to a presidency statement.

Ministry of Finance is set to launch EGP 3 million worth of coins of the EGP-note bearing the slogan of “Differently Abled” to appreciate the efforts of people of determination, Minister Mohamed Maait announced on Sunday.

Indian billionaire Gautam Adani, Chairman and Founder of Adani Group, is looking forward to further cooperation with Egypt to support development in light of Egypt’s attractive and stable investment climate, according to a statement by the Egyptian Presidency Spokesman on January 26th.