رئيس مجلس الإدارة
سعيد اسماعيل
رئيس التحرير
مروة أبو زاهر

10 يناير 2026

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رئيس مجلس الإدارة
سعيد اسماعيل

رئيس التحرير
مروة أبو زاهر

الوسم: alekhbaryia

Wajha Developments unveils new “Freeze Installment Payment Plan” option

Posted on by aberabozaher

Wajha Developments launches “Freeze Installment Payment Plan” option to enhance payment flexibility

Wajha Developments introduces “Freeze Installment Payment Plan” option in Egypt’s real estate market

Wajha Developments announced that it has adopted a new philosophy in Egypt’s real estate market, focusing on reshaping the developer’s role through a business model that prioritizes clients’ interests.

 

Wajha Developments

The company said this approach is underpinned by compliance with international standards in execution and investment, strengthening its competitiveness as well as that of Egypt’s real estate sector at the regional and global levels.
Mohamed Abdel Fattah, Founder and General Manager of Wajha Developments, said the company’s strategy is based on in-depth, data-driven analysis of customer needs, with a focus on integrating real estate products into the enhancement of residents’ lifestyles rather than simply selling units.

He added that this approach aims to boost the real value of projects and maximize long-term returns for clients.
Abdel Fattah noted that Egypt’s real estate sector is the largest in the region, which necessitates innovative solutions aligned with global developments. This has prompted the company to introduce business policies being applied for the first time in the Egyptian market, including linking installment schedules to construction progress.

Leveraging its solid financial standing, the company starts project execution from the outset, enabling clients to track progress on-site before committing to a purchase—reinforcing the developer’s role as both financier and builder, rather than merely a seller, the company’s founder pointed out.

He disclosed that this model reflects the company’s dedication to transparency and client trust, serving as a foundation for implementing international execution standards in the Egyptian market and laying the groundwork for future regional expansion to enhance the company’s presence beyond national borders.

To protect clients’ interests, Wajha Developments has implemented flexible payment options that consider economic shifts and individual circumstances. This includes an “Freeze Installment Payment Plan” option, allowing clients to pause payments for a set period in case of unexpected financial difficulties, enhancing both security and long-term trust between developer and its clients.

The company also focuses on providing innovative investment solutions by forming strategic partnerships with specialized brands and experts across different operational sectors. This strategy aims to deliver sustainable, well-planned returns, turning each property unit into a productive asset rather than just a place to live.

Wajha’s new philosophy aims to establish a genuine partnership with clients, based on commitment and tangible execution rather than marketing promises, while developing a competitive Egyptian real estate model that prioritizes the client’s interests.

Centro Real Estate Unveils Gate 9 Mall in Obour City with EGP 500 Million Investment

Posted on by doha

Centro Real Estate has officially launched its latest mixed-use development, Gate 9 Mall

in Obour City, marking a major milestone in the company’s ambitious expansion strategy

The project spans over 3,000 sqm of retail space and is backed by total investments of

EGP 500 million, with the company targeting EGP 200 million from the initial phase

Prime Location with High Investment Potential

Gate 9 Mall is strategically located in the Ninth District of Obour City, positioned on two

main streets with direct views of Al-Thaqafa Street and University Street. Its proximity to

key routes, including the Cairo-Ismailia Road and the Obour Main Axis, as well as nearby

premium residential neighborhoods, ensures high visibility, easy accessibility, and promising

investment opportunities

Modern Design with Comprehensive Shopping and Entertainment Experience

Wael Ramadan, Chairman of Centro Real Estate, stated that the project reflects the company’s

commitment to delivering a complete shopping and entertainment destination for residents and

visitors The mall combines a contemporary architectural design with a variety of services and leisure

facilities, creating both a functional and recreational environment The development includes a ground

floor plus three repetitive floors, a basement, and is managed using smart building systems to ensure

top-tier safety and security Features include a secure underground parking garage, elevators, spacious

corridors, and an open promenade with restaurants, cafes, major retail brands, and outdoor green areas

The mall also provides 24/7 security, advanced HVAC systems, and integrated eco-friendly waste

management solutions

Diverse Units for Commercial, Administrative, and Medical Use

Centro Real Estate The project offers commercial units starting from 26 sqm on the ground floor and 18 sqm

on repetitive floors, delivered in semi-finished condition Administrative and medical units

start from 20 sqm, with full finishing, while administrative units range from 45 sqm to 250 sqm

catering to businesses of all sizes A unique feature of the project is the availability of ready-to

-occupy units, allowing clients to inspect and move into units immediately. Handover of the project

is planned to begin within three years, providing flexibility for investors and tenants alike

Expanding Portfolio and Strategic Growth

Centro Real Estate Wael Ramadan emphasized that Centro Real Estate continues to execute well-defined

development plans with consistent success in delivery The company’s portfolio includes 75 diverse

projects, over 60% of which are currently under construction, and 48 projects scheduled for completion

by the end of 2026 The company’s strategy is designed to meet client expectations, adapt to market

dynamics, and provide a wide range of investment opportunities across Egypt, reinforcing Centro Real

Estate’s position as a leading developer in the Egyptian real estate market

Al Salmania Group Appoints Dr. Galal El Sheikh as General Manager to Boost Investment Growth in Egypt

Posted on by doha

 Al Salmania Group, a leading investment group in real estate development, technology

and construction in Egypt, has announced the appointment of Dr Galal El Sheikh as the

Group’s General Manager This move aligns with the Group’s strategic expansion plans to

enhance business operations and attract investments across multiple sectors, both locally and regionally

Strengthening Institutional Performance and Strategic Partnerships

Dr Galal El Sheikh highlighted that his primary focus will be on enhancing institutional

performance efficiency, expanding the Group’s investment portfolio, and building strong

partnerships that drive growth in line with evolving economic conditions He emphasized

that Al Salmania Group is committed to delivering innovative, sustainable, and high-quality

services that support Egypt’s economic development and create real added value

Professional Background and Expertise of Dr. Galal El Sheikh

Al Salmania Group Dr El Sheikh brings over 10 years of experience in management consulting

and business development, having advised more than 50 companies in the

Egyptian market He has played a crucial role in restructuring business models

and maximizing investment returns across diverse sectors He holds a PhD in Crisis

and Risk Management from Cairo University and an MBA from the Arab Academy

for Science, Technology and Maritime Transport Currently, he serves as the Head

of Resource Development at the Real Estate Developers Association, reflecting his

deep expertise in investment and strategic planning

Al Salmania Group’s Investment Vision

Established nearly eight years ago through an Egyptian–Saudi partnership

Al Salmania Group has built a strong market presence across multiple sectors

backed by a cumulative experience of over 65 years The Group operates

through a range of subsidiaries, including Radix Developments – specialized in

real estate development UCAC – delivering fully integrated construction and contracting services

Radix Smart Tech – offering advanced smart solutions for homes and offices, including lighting

security, climate control, and energy management ARTLIFE – focused on premium interior finishing

and décor, combining luxury and functionality for residential, commercial, and administrative spaces

Additionally, the Group engages in marketing, media, and industrial manufacturing, adopting a

comprehensive vision that integrates innovation, quality, and sustainability to create a fully

integrated business ecosystem serving vital sectors

Commitment to Egypt’s Sustainable Growth

Dr El Sheikh reaffirmed that the Group is aligned with Egypt Vision 2030, aiming

to support the Egyptian economy by delivering high-quality, innovative, and transparent

services while enhancing operational efficiency across all sectors The Group’s expansion

strategy focuses on diversifying investments, supporting sustainable development, and

contributing to a prosperous future for upcoming generations

Madinet Masr Partners with Forward Contractors to Build 95 Luxury Villas in Rai at Sarai Project

Posted on by doha

Madinet Masr (EGX: MASR.CA) has announced the signing of a Memorandum of Understanding

(MoU) with Forward Contractors to execute construction works at the Sarai project, its flagship mixed-use

development in East Cairo, with a total investment of EGP 1.45 billionThis partnership supports

Madinet Masr’s strategic plan to deliver high-quality residential solutions, expand its land portfolio

and accelerate project delivery while adhering to modern sustainable urban development standards

MoU Details: 95 Residential Villas in Rai within Sarai

The MoU stipulates that Forward Contractors will undertake the construction

of 95 luxury residential villas in the Rai district of Sarai, with completion scheduled

by the end of 2027 The agreement was signed by Eng Abdallah Sallam, President & CEO

of Madinet Masr, and Eng Mohamed El-Gendy, Chairman & CEO of Forward Contractors

in the presence of senior executives from both companies

Executive Statements: Strengthening Real Estate Partnerships

Eng Abdallah Sallam, President & CEO of Madinet Masr, commented

This partnership represents a key milestone in our strategy to accelerate project execution

by collaborating with experienced partners like Forward Contractors. At Madinet Masr, we continue

to develop a robust land portfolio with integrated and diverse projects that meet customer needs

and support sustainable growth in Egypt’s real estate market Eng Mohamed El-Gendy

Chairman & CEO of Forward Contractors, added We are delighted to collaborate with

Madinet Masr on this project, reflecting our commitment to delivering comprehensive construction

solutions with the highest engineering standards Our expertise in high-end residential projects ensures

top quality and strict adherence to timelines, contributing to the success of the Rai project and exceeding

customer expectations. We look forward to a long-term partnership that reinforces our shared values

of innovation and excellence

Sarai Project: A Unique Residential Experience in East Cairo

The Sarai project is one of Madinet Masr’s flagship developments

designed to offer a personalized living experience that balances vibrant

urban life with the tranquility of suburban living

Key features of Sarai include

Diverse residential options Apartments, S-Villas, and townhouses

Large-scale green spaces and recreational areas

Prime location along the Cairo-Suez Road and Al-Amal Axis, just 5 minutes

from the New Administrative Capital and 15 minutes from the Ring Road

Total area 5.5 million sqm, providing a fully integrated mixed-use community

Sarai’s innovative design and strategic location make it a landmark real estate project

in East Cairo, catering to modern lifestyle demands and high-end residential preferences

AAIB Transformed Newgiza Sports Club into a Fan Destination for AFCON

Posted on by aberabozaher

In celebration of the Egyptian national team’s participation in the Africa Cup of Nations (AFCON) 2025–2026, Arab African International Bank (AAIB), in partnership with Newgiza Sports Club, launched a fully immersive fan experience that turned the club into a vibrant destination for the club’s members and the bank’s clients.

 

AAIB

From December 22 to 29, AAIB transformed Newgiza Sports Club into a fully branded AFCON fan destination, with the club’s spaces activated to deliver a comprehensive viewing and entertainment experience centered around Egypt’s matches. Large-scale screens, interactive activations, and tailored viewing areas turned match days into all-club events, immersing members in the excitement of the tournament. These activities will continue in line with the Egyptian national team’s progress, as they advance to the next stages of the competition.

البنك العربي الأفريقي الدولي

 

Bringing an added layer of excitement, three of Egypt’s most iconic football figures, Ahmed Hossam “Mido,” Hazem Emam, and Emad Moteab, attended select match screenings, watching the games alongside fans and contributing to the festive atmosphere. Fans also had the opportunity to actively participate in various activities, blending football passion with live entertainment.

 

To further enhance the experience, AAIB offered exclusive prizes and giveaways to winners of competitions held throughout the celebratory events at Newgiza Sports Club, starting with the launch of the AFCON match screenings and continuing until the end of the competition.

 

This initiative builds on the strategic partnership between AAIB and Newgiza Sports Club, reflecting a shared vision of creating engaging, community-driven experiences for club members and clients.

 

Through this collaboration, AAIB continues to strengthen its presence within the club, actively supporting the Egyptian national team in the Africa Cup of Nations, while creating direct communication with both members and clients.

البنك العربي الأفريقي الدولي

 

The initiative also offers a unique experience that combines sports and entertainment, reaffirming AAIB’s commitment to delivering meaningful value to its clients and partners.

ITIDA and 500 Global: Transforming Egypt’s Tech Startup Ecosystem

Posted on by doha

Egypt’s technology startup ecosystem is entering a new phase of maturity, fueled by ambitious

founders and strengthened by strategic institutional partnerships Central to this evolution is the

three-year collaboration between the Information Technology Industry Development Agency (ITIDA)

and global venture capital firm 500 Global, which has helped create a more connected, performance

driven environment for tech entrepreneurship in Egypt Eng Ahmed Elzaher, CEO of ITIDA, emphasized

that the agency’s mission focuses on accelerating Egypt’s technology sector growth by supporting local

and international IT companies, expanding digital services exports, and nurturing tech startups as a key

driver of sustainable innovation He added that freelancers remain an essential component of Egypt’s

digital economy, while the country’s deep pool of digital talent continues to be a competitive advantage

in the region Elzaher shared these insights during a panel discussion with Bedy Yang, Managing Partner

at 500 Global, and Amal Enan, Partner at 500 Global Egypt, marking three years of partnership between

ITIDA and 500 Global

Strategic Partnership Anchored in Performance and Expertise

The success of the ITIDA–500 Global partnership is grounded in clearly defined performance

metrics, mutual trust, and complementary capabilities. This approach has enabled the delivery

of high-impact programs and the transfer of global best practices into Egypt’s startup ecosystem

setting a model for effective collaboration between government agencies and private venture capital firms

Expanding Impact Through Accelerator Leadership

A flagship initiative under this partnership is the Bootcamp for Accelerator Managers (BAM)

 designed to scale the impact of accelerators across Egypt Through BAM, 500 Global’s expertise

in accelerator management has been shared with a broad range of Egypt’s accelerator landscape

creating a ripple effect that enhances the quality of support for tech startups nationwide

This initiative is part of ITIDA’s broader strategy to build an integrated and sustainable

entrepreneurship ecosystem, linking global best practices with local innovation hubs to enable

Egyptian founders to scale their businesses locally, regionally, and internationally

ITIDA leverages its Creativa Innovation Hubs, spread across Egypt’s governorates, to ensure

that entrepreneurship growth is decentralized and inclusive, reaching talent outside Cairo and

connecting local challenges with scalable, market-ready solutions

Success Stories of Egyptian Tech Startups

Over the past three years, 197 Egyptian startups participated in nine cohorts of 500 Global Egypt’s

Seed Bootcamp and Scale Up programs, involving over 380 founders. Collectively, these startups

attracted $6 million in direct investment during the programs and raised over $54 million in follow-on

funding The partnership also produced two successful exits, $1.3 million in grants and awards, and

created more than 1,300 full-time jobs Highlighted startups include Rahet Bally, ILLA, Dayra, Amanleek

El Gameya, Blnk, Settle, and Bluworks, while other ventures successfully expanded regionally and

internationally, such as Khazenly, Nowlun, and Enza. Additional discussions showcased founders

who achieved exits or mergers, including Orcas, Hatla2ee, and WRK+

BAM: Strengthening Accelerator Capabilities Nationwide

The Bootcamp for Accelerator Managers (BAM) has been a key driver of ecosystem development

More than 125 accelerator managers and senior team members from over 55 accelerators participated

demonstrating the program’s wide-reaching impact. Follow-up assessments indicated that

63% of participants advanced into higher-impact leadership roles

56% reported clearer and more competitive accelerator strategies

51% improved the quality of programs delivered to startups

40% achieved measurable gains in key performance indicators

These results highlight the program’s ability to translate training into operational and

economic impact across Egypt’s entrepreneurship ecosystem

Looking Ahead: Focus on Deep-Tech and Artificial Intelligence

Eng Elzaher noted that the next phase of the partnership will prioritize deep-tech startups

particularly in Artificial Intelligence (AI), alongside specialized programs aimed at improving

investment readiness and supporting international expansion Future initiatives will leverage

ITIDA’s nationwide Creativa Innovation Hubs, further decentralizing opportunities and fostering

innovation driven by local challenges with global market potential

500 Global: Global Expertise Fueling Egyptian Innovation

Bedy Yang, Managing Partner at 500 Global, emphasized

We work to empower entrepreneurs worldwide through a global innovation and knowledge

transfer network In Egypt, our partnership with the government has created clear value for

both parties, exceeding expectations She added

Egypt has a rich talent pool, but it requires mentorship and education, with accelerator managers

acting as the key enablers. Egyptian startups are capable of delivering advanced technological solutions

 including in AI We have already invested in several companies, including those in Mansoura, and we

value the Egyptian government’s flexibility and support, which has enabled this partnership to achieve all its goals

Central Bank of Egypt Hosts Bank of Tanzania Delegation to Exchange Expertise in Business Continuity Management

Posted on by doha

As part of its ongoing commitment to enhancing cooperation with African central banks

the Central Bank of Egypt (CBE) hosted a high-level delegation from the Bank of Tanzania

aiming to exchange expertise and share best practices in Business Continuity Management (BCM)

The visit was conducted under the CBE’s expertise-exchange program and reflects Egypt’s leading

role in supporting institutional development and financial stability across the African continent

Exploring Egypt’s Leading Business Continuity Framework

The five-day visit brought together a group of planning and management experts from

the Bank of Tanzania, who gained in-depth exposure to Egypt’s pioneering experience in

business continuity The program highlighted the critical role of BCM in ensuring the stability

resilience, and sustainability of banking operations, as well as enhancing preparedness and

response to crises and emergencies

CBE Emphasizes Knowledge Exchange and Capacity Building

Dr Naglaa Nozahie, Advisor to the Governor of the Central Bank of Egypt for African Affairs

stated that hosting the Tanzanian delegation underscores the CBE’s strong commitment to

expanding expertise-exchange initiatives with African central banks, particularly in strategic

areas such as business continuity and crisis management She noted that the program enabled

the visiting delegation to gain firsthand insight into the best practices implemented at the CBE

contributing to institutional capacity building and strengthening technical cooperation between

Egypt and Tanzania

ISO 22301 Certification Reflects CBE’s Readiness and Resilience

Mr Shehab Selim, Assistant Sub-Governor of the CBE for the Risk Management Sector

welcomed the delegation and highlighted that the Central Bank of Egypt’s achievement

of ISO 22301 certification reflects its commitment to applying the highest international

standards in Business Continuity Management He emphasized that the certification

demonstrates the CBE’s ability to ensure a swift and effective response to crises and

emergencies, reaffirming the Bank’s readiness to share its expertise in business continuity

and risk management with professionals from African central banks

Field Visits and Technical Sessions Enhance Practical Knowledge

The visit included a field tour of the alternative business continuity sites, allowing the

delegation to explore the operational systems and infrastructure designed to ensure

uninterrupted banking services In addition, the Tanzanian delegation participated in

interactive discussion sessions and technical presentations, addressing key challenges

faced by financial institutions and the strategies used to overcome them through effective

BCM frameworks The sessions also focused on developing business continuity capabilities

ensuring organizational readiness for potential disruptions, and emphasizing the vital role of

senior management support in the success of business continuity programs

Egypt’s Growing Role as a Regional Hub for Central Banking Expertise

The Bank of Tanzania delegation forms part of a series of specialized visits by African central

banks to the Central Bank of Egypt, aimed at fostering cooperation and benefiting from Egypt’s

extensive expertise in key central banking domains These areas include cybersecurity, payment

systems, banking supervision, risk management, and other critical functions, reinforcing Egypt’s

position as a regional center for central banking excellence and knowledge sharing in Africa

Centro Real Estate launches Gate 9 Mall with EGP 500m investment in Obour city

Posted on by aberabozaher

Centro Real Estate has launched its newest project, Gate 9 Mall, in Obour City. Spanning over more than 3,000 sqm of retail space and backed by total investments of EGP 500m, the project marks a key step in the company’s ambitious expansion strategy.

Centro Real Estate

Wael Ramadan, Chairman of Centro Real Estate, stated that the launch of the new project reflects the company’s commitment to providing a comprehensive shopping and entertainment experience for residents of Obour City and the surrounding areas.

The mall features a contemporary design alongside a range of services and entertainment options, positioning it as both a functional and leisure destination for visitors. The company aims to generate EGP 200m from the project’s initial phase, he said.

Ramadan noted that the mall enjoys a strategic location in the Ninth District, situated on two main streets with direct views of Al-Thaqafa Street and University Street. Its close proximity to key routes, including the Cairo-Ismailia Road and the Obour Main Axis, along with nearby premium residential areas, ensures high visibility, convenient access, and significant investment potential.

 

سنترو للتطوير
He explained that the project is a mixed-use development with commercial, administrative, and medical components, featuring a ground floor plus three repetitive floors, along with a basement level. The project is managed using a smart system to ensure the highest safety and security standards.

He added, “The mall includes a secure underground parking garage, elevators, and corridors designed for easy movement and accessibility, as well as an open promenade with restaurants, cafes, major retail brands, outdoor green spaces, 24-hour security, advanced HVAC systems, and integrated environmentally friendly waste management.”

He indicated that the project offers commercial units on the ground floor starting from 26 sqm, and on the repetitive floors starting from 18 sqm, delivered in semi-finished condition. Administrative units start from 20 sqm with full finishing, while medical units also start from 20 sqm with full finishing. The handover of units is scheduled to commence within three years.

Moreover, administrative units in the project range from 45 sqm to 250 sqm, offering opportunities for companies of all sizes. The project also includes ready-to-occupy units, providing clients the option to view and take possession of a unit immediately—a unique feature offered by the company.

He also highlighted that Centro Real Estate continues to implement well-defined plans, achieving consistent success in execution and delivery. The company’s portfolio comprises 75 diverse projects, with over 60% currently under construction, and 48 slated for completion by the end of 2026.

He concluded that the portfolio is strategically designed to meet client expectations, adapt to market dynamics, and offer a wide range of investment opportunities across Egypt.

Central Bank of Egypt Hosts Pan-African Seminar on Emerging Regulatory Developments

Posted on by maryem

The Central Bank of Egypt (CBE) recently hosted a landmark seminar titled “Current and Emerging

Regulatory Developments”, welcoming representatives from 23 African central banks.

This event reflects the CBE’s ongoing commitment to fostering collaboration across the

continent and sharing best practices in banking supervision.

The seminar addressed crucial topics under the Basel Accord frameworks, including Pillar II and

III, Emergency Liquidity Assistance (ELA), Recovery Plans, Sanctions, Governance, Cybersecurity

regulations, and FinTech innovations.

Experts emphasized enhancing risk management and preparing African central banks

for emerging financial challenges.

Central Bank of Egypt Advances Basel Accord Implementation

Deputy Governor of the CBE, Mr. Tarek El Kholy, highlighted the importance of regional integration:

“We always welcome cooperation and exchange of expertise with our brethren from African central

banks. This series of seminars organized and hosted by the CBE, as part of its chairmanship

of the Working Group on the implementation of Basel Accords, represents a role model for integration

among banking institutions.”

This seminar is part of the CBE-led Basel Implementation Working Group under the Community of

African Banking Supervisors (CABS), established during Egypt’s Annual Conference in June 2019.

It marks the first in-person seminar since 2021, following virtual sessions held during the pandemic.

Central Bank

Central Bank of Egypt Focuses on Pillar II and III Supervision

The seminar placed strong emphasis on strengthening supervisory frameworks based on

Basel Pillars II and III.

Participating banks discussed practical approaches to risk management, recovery planning, and

regulatory compliance.

The sessions provided a platform for knowledge-sharing and capacity-building across the continent.

Central Bank of Egypt Tackles Cybersecurity and FinTech Challenges

Given the rapid evolution of digital banking, the CBE addressed emerging regulatory

needs around cybersecurity and FinTech.

Experts presented case studies and regulatory guidelines to help African banks manage

technological risks while supporting financial innovation.

Since 2021, the CBE has hosted multiple virtual seminars under the Basel Implementation

Working Group, covering topics such as:

Basel III Post-Crisis Reforms (2022)

Climate-Related Financial Risks and Sustainable Finance (2023)

Effective Supervision: Building Supervisory Frameworks and Risk Management (2024)

These events have strengthened knowledge-sharing and professional development for African central bank officials.

Driving Continental Banking Integration

The seminar demonstrates Egypt’s leadership role in African banking supervision.

By promoting collaboration and capacity-building, the CBE continues to enhance regulatory

efficiency and financial stability across the continent.

Central Bank

Madinet Masr Leads in Mixed-Use Development and Heritage Preservation with 2025 Awards

Posted on by doha

 Madinet Masr (EGX: MASR.CA) has been honored with two prestigious awards at the Invest-Gate

ACE Awards 2025, recognizing the company’s leadership in sustainable urban development, mixed-use

projects, and corporate social responsibility (CSR) The company received Mixed-Use Project of the Year

2025 for its flagship development Taj City, and the CSR Initiative of the Year 2025 – Heritage Preservation for

its Buyut Al-Khalifa project in Historic Cairo The awards highlight Madinet Masr’s commitment to delivering

innovative urban communities that integrate residential, commercial, and leisure spaces, while promoting heritage

conservation, sustainability, and community empowerment

Taj City: A Landmark Mixed-Use Development

Taj City was recognized as the Mixed-Use Project of the Year 2025 for its comprehensive

urban design and innovative master plan The development combines residential, commercial

administrative, and leisure facilities within a fully integrated community

Key features of Taj City include11 residential compounds and 2 commercial projects

catering to diverse customer needs Tajed Madinet Masr’s first fully integrated commercial and administrative hub

The Prism A premier retail and entertainment center within Tajed, featuring upscale dining and fashion retail

Shark Tank Business Park: The world’s first business park inspired by the Shark Tank television franchise

merging work and leisure to enhance productivity Kayan An integrated lifestyle concept combining the

Lemania Swiss International School (LSIS), Klub Kayan sports and wellness facility, and the operational

Asten College, offering a complete community experience Strategically located with easy access to Cairo’s

main roads, Taj City will also host Madinet Masr’s headquarters, solidifying its position as a fully integrated

urban hub

Buyut Al-Khalifa: Preserving Heritage and Revitalizing Historic Cairo

Madinet Masr also received the CSR Initiative of the Year 2025 for Buyut Al-Khalifa

a project aimed at revitalizing Al-Rukbiyya Street in Historic Cairo

The initiative focuses on

Restoring Cairo’s historic urban fabric, a UNESCO World Heritage Site

Enhancing quality of life for local residents and addressing urban areas prone to deterioration

Integrating heritage preservation, community development, and environmental sustainability

for lasting social and economic impact Buyut Al-Khalifa is a key part of Madinet Masr’s“Building

Communities strategy, specifically under the Heritage Revival pillar, reflecting the company’s

commitment to sustainable urban development and corporate social responsibility

Leadership Comments

Eng Abdallah Salam, President & CEO of Madinet Masr, stated

We are proud of this dual recognition, which reflects our commitment to urban innovation

sustainability, and community development Our approach goes beyond building mixed-use

projects – it focuses on understanding community needs and delivering solutions that balance

quality of life, cultural preservation, and long-term impact Eng Mohamed Lashien, Senior VP

of Product Development, added Winning the Mixed-Use Project of the Year 2025 for Taj City

demonstrates our dedication to creating integrated, sustainable urban communities that enhance

residents’ lifestyles and align with global best practices Dena Habib, VP of Corporate Relations

commented “Buyut Al-Khalifa’s CSR recognition highlights our strategy of heritage preservation

community empowerment, and environmental sustainability, reinforcing Cairo’s role as a global

cultural and tourism destination

Madinet Masr’s Sustainable and CSR Strategy

Madinet Masr’sCultivating Communities” strategy is based on three pillars

Providing Shelter to local communities

Reviving Egyptian Heritage through preservation initiatives

Community Empowerment via projects addressing essential needs, including healthcare and food security

This holistic approach demonstrates Madinet Masr’s long-term commitment to sustainable development

and social impact, reinforced by previous accolades including

Heritage Project of the Year for Bayt Al-Razzaz by Invest-Gate

Sustainability Award 2025 from Amwal Al Ghad

Central Bank of Egypt Hosts a Seminar on “Current and Emerging Regulatory Developments” with the Participation of 23 African Central Banks

Posted on by aberabozaher

In line with the Central Bank of Egypt’s (CBE) leading role in strengthening cooperation with African counterparts, the CBE has recently organized a seminar on “Current and Emerging Regulatory Developments”, with the participation of around 23 Central Banks, members of the Association of African Central Banks (AACB).

Central Bank of Egypt

 

The seminar’s agenda focused on priority topics for Central Banks supervision, including Pillar II and III frameworks of Basel Accord, supervisory regulations on Emergency Liquidity Assistance (ELA), Recovery Plans, Sanctions, and Governance, as well as addressing the specific regulations related to Cybersecurity, and FinTech. The seminar aimed to enhance awareness and develop risk management practices in central banks to address emerging challenges within the African continent”.

Mr. Tarek El Kholy, Deputy Governor of the Central Bank of Egypt, stated: “We always welcome cooperation and exchange of expertise with our brethren from African central banks, to enhance work efficiency in all relevant specialties. This series of seminars organized and hosted by the CBE, as part of its chairmanship of the Working Group on the implementation of Basel Accords, represents a role model for integration among banking institutions that we aspire to support and expand at the regional and continental levels”.

 

This seminar is part of an ongoing series of seminars, held virtually for several past years, under the CBE’s chairmanship of the Basel Implementation Working Group at the Community of African Banking Supervisors (CABS), which was established during the Annual Conference, hosted by Egypt in June 2019. Worth noting, this seminar marks the first in-person participation of African Central Bank representatives, after being held virtually since 2021.

 

Since its inception, the Working Group has launched a series of virtual seminars hosted by the CBE over the past four years. Previous seminars encompassed “Pillar II and III of Basel Accord on Banking Supervision” in 2021, “Basel III – Post-Crisis Reforms” in 2022, “Climate related Financial Risks and Sustainable Finance” in 2023, and “Effective Supervision:

 

Building Supervisory Frameworks and Risk Management” in 2024. These seminars played a vital role in fostering the exchange of banking expertise among calibers working in the field of banking supervision and oversight at African central banks.

PLDG Development appoints Gamal Ghoneim Head of the commercial sector

Posted on by aberabozaher

PLDG Development company, announced the appointment of Gamal Ghoneim as Head of the Commercial Sector, among its strategic steps to enhance its expansion in the Egyptian market, as the company has an investment plan exceeding EGP 30 billion in 6th October, Sheikh Zayed, New October, and North Coast.

PLDG Development

 

Ghoneim’s appointment is based on his extensive experience which exceeds 13 years in real estate sector and commercial management, besides his ability to lead the company’s growth in the coming phase.

For his part, Gamal Ghoneim, PLDG Development Head of the Commercial Sector, said “I am proud to join a company with a clear and ambitious vision for growth, considering joining the company a great responsibility and a driving force towards achieving a qualitative leap within the company’s commercial sector, in alignment with the company’s ambitious expansion plan”.

He assured his commitment to leading a new phase of development and expansion in the coming period, which will strengthen the company’s leading position in the Egyptian market and support its ability to compete and achieve sustainable growth in the future.

He revealed the most prominent features of his plan at PLDG Development, which aims to develop the client portfolio and contribute in injecting his expertise to complement the company’s plan to increase the size of its investments, and to work on raising the efficiency of the company’s commercial performance, in parallel with the company’s readiness to launch its latest projects in 2026, which are targeted youth with economical prices and flexible payment plans.