رئيس مجلس الإدارة
سعيد اسماعيل
رئيس التحرير
مروة أبو زاهر

رئيس مجلس الإدارة
سعيد اسماعيل

رئيس التحرير
مروة أبو زاهر

Emotional Tributes to Jota and Silva Mark Liverpool’s First Pre-Season Friendly

 Heartfelt Homage to Fallen Footballers Jota and Silva Dominates Match Atmosphere

Liverpool’s first pre-season friendly saw an outpouring of emotion as the club

paid heartfelt tributes to star forward Diogo Jota and his brother André Silva, who tragically die

d in a car crash on July 3rd in the Spanish province of Zamora.

The somber occasion transformed the friendly fixture into a poignant farewell, highlighting

the deep impact both players had on fans and the footballing world.

 Liverpool

A Somber Mood and Fan Love for Porto and Wolves Icons

Before the kick-off of the friendly against Preston North End, the atmosphere at Preston’s stadium

was heavy with sorrow.

Fans movingly sang Elvis Presley’s “Can’t Help Falling in Love,” followed by Liverpool’s timeless

anthem “You’ll Never Walk Alone.”

 Liverpool

In a touching gesture, Preston captain Ben Whiteman, visibly emotional,

laid a wreath in front of the traveling Liverpool supporters, demonstrating his club’s solidarity

with the Reds during this difficult time.

The away end was adorned with flags and scarves commemorating the late Portuguese forward,

who previously shone for Porto and Wolves.

As the players walked onto the pitch, the crowd’s voices swelled with Jota’s dedicated chant,

followed by a meticulously observed minute of silence, a profound expression of grief

for the two departed stars.

 Liverpool

Liverpool Players’ Farewell Messages to Jota’s Spirit

The tributes extended beyond the pre-match ceremonies into the game itself.

In the 20th minute, the crowd once again erupted in Jota’s chant, a powerful reminder of their enduring

affection for their lost star.

When Conor Bradley opened the scoring for Liverpool, his celebration

was subdued and filled with emotion, as the young full-back looked up to the heavens, a silent farewell

to his teammate’s spirit.

 Liverpool

The heartfelt tributes continued when Uruguayan striker Darwin Nunez scored Liverpool’s second goal.

He paid his own homage to Jota by performing two of Jota’s signature celebrations

in front of the Liverpool fans, a powerful affirmation that the Portuguese star’s spirit remains

alive in the hearts of his teammates and the club’s supporters.

 Liverpool

New Event Developments Expands into Saudi Arabia with a Luxury Residential Project in Jeddah

New Event Developments Enters Saudi Market with Launch of Luxury 

New Event Developments, a leading real estate developer, has officially launched its first project

in the Kingdom of Saudi Arabia: Sakan View, a premium residential development in Jeddah.

This marks a significant milestone in the company’s regional growth strategy and reflects its confidence

in the strong opportunities driven by Saudi Arabia’s Vision 2030.

With a solid track record of success in Egypt, New Event Developments is now venturing

into one of the region’s most promising and stable real estate markets. The company’s expansion

aligns with its vision of capitalizing on Saudi Arabia’s rapid urban development and investor-friendly ecosystem.

Chairman: Saudi Arabia Offers One of the Region’s Most Attractive Real Estate Markets

Dr. Hamid Al Rajawi, Chairman of New Event Developments, expressed pride in launching the company’s

first Saudi project after more than a year of in-depth research and strategic planning.

“Our decision to enter the Saudi market stems from a firm belief in its status as one of the region’s most stable,

attractive, and profitable real estate investment environments,” he stated. “The Kingdom’s dynamic urban transformation, its position as a hub for major global events, and the legal framework supporting

foreign property ownership have created ideal conditions for international investors.”

Dr. Al Rajawi highlighted that Sakan View in Jeddah has been carefully designed to offer

residents the highest levels of luxury, comfort, and accessibility to essential services.

The project also aims to provide strong returns for real estate investors in Saudi Arabia.

Next Landmark: Major Real Estate Project Planned for Riyadh

Looking ahead, New Event Developments is preparing to unveil its largest project yet in Riyadh,

a move that Dr. Al Rajawi described as a “turning point” in the company’s expansion journey across

the Kingdom. The Riyadh project is expected to further solidify the company’s presence in the Saudi

market and deliver innovative residential solutions that align with modern urban planning trends.

CEO: Global Standards and Smart Technology at the Heart of Every Project

Engineer Mohamed Al-Asry, CEO of New Event Developments, emphasized the company’s commitment

to global quality standards in every phase of the Sakan View project.

He noted that the firm will draw on its years of international experience and will leverage

cutting-edge technologies in real estate development to deliver a world-class product.

Collaborations with top engineering consultants will ensure the project is completed on time and built

to the highest standards of sustainability and smart construction.

Client Satisfaction as a Core Business Strategy

Eng. Al-Asry concluded by reaffirming the company’s commitment to long-term client relationships.

“Fostering lasting partnerships with our clients is central to our strategy. Customer satisfaction

is not just a goal—it is the foundation of every project we undertake.

Signify and Paragon Collaborate to Advance Green, Tech-Driven Real Estate in Egypt

 Signify Egypt, the global leader in lighting innovation, has signed a strategic Memorandum of Understanding (MoU) with Paragon Developments to implement cutting-edge smart and sustainable lighting solutions across all current and future real estate projects by Paragon in Egypt.

This landmark partnership aligns with Egypt’s broader push toward sustainable urban development, leveraging smart building technologies and energy-efficient systems to improve environmental performance, user comfort, and operational efficiency in modern real estate projects.

Energy-Efficient Lighting Solutions to Drive Sustainability

Under the agreement, Signify Egypt will deploy a full ecosystem of IoT-enabled LED lighting solutions, designed to reduce energy consumption by up to 80% compared to conventional systems.

The solutions will also meet rigorous environmental standards, being PVC-free, RoHS-compliant, and fully recyclable—reinforcing Paragon’s mission to align its developments with international green building standards.

“Lighting is no longer just a technical component—it’s a catalyst for transformation in how we live and work,” said Mohamed Saad, CEO of Signify Africa.

“Through this partnership with Paragon, we’re combining innovation, sustainability, and user experience to reshape Egypt’s real estate landscape.”

Training and Digital Integration to Enhance Efficiency

As part of its commitment to knowledge transfer, Signify Egypt will provide technical training and ongoing support to Paragon’s teams to ensure seamless integration and maximum performance of the smart lighting systems.

These efforts will focus on smart workspace design, natural light simulation (Skylight sensors), and 3D-printed lighting components that allow for customization and reduced carbon footprint.

Redefining Real Estate Through Regenerative Design

Commenting on the partnership, Eng. Bedeir Rizk, CEO of Paragon Developments, emphasized the significance of strategic alliances in implementing the company’s regenerative development philosophy—aimed at creating urban ecosystems where work, life, and culture coexist harmoniously.

“At Paragon, we view real estate as a long-term responsibility, not just a construction process,” Rizk stated.

“This collaboration with Signify is a direct expression of our commitment to Egypt’s Vision 2030, integrating sustainable and smart technologies at every stage of development.”

Expanding Smart Lighting Integration Across Mixed-Use Projects

The partnership also includes a roadmap to scale smart lighting systems across a broad portfolio of mixed-use developments managed by Paragon.

Both companies envision expanding the scope of collaboration to include more advanced digital lighting innovations that improve user wellbeing, energy performance, and urban livability.

By uniting Signify’s global expertise with Paragon’s innovative approach to urban development, this MoU represents a forward-thinking model for eco-conscious real estate in Egypt and the wider region.

Qurtuba Developments Expands Portfolio with New Downtown Project in New Capital

Qurtuba Developments, a leading real estate developer in Egypt, has announced plans to launch a new flagship project in the New Administrative Capital, marking a significant step in its expansion strategy aimed at introducing six unique projects across Egypt over the next two years.

Strategic Location in the Heart of Downtown New Capital

According to Ahmed Ewis, Chief Sales Officer at Qurtuba Developments, the upcoming project will be strategically located in the Downtown area of the New Capital. Its proximity to key landmarks such as the Main Towers Axis, Green River, and the monorail station gives the project a prime position with strong investment and tourism appeal.

Ewis emphasized the company’s commitment to selecting premium locations that offer high investment potential and long-term value for clients.

 “This project marks a pivotal milestone in Qurtuba’s journey to become a trusted real estate developer offering premium experiences in fourth-generation cities,” Ewis stated.

Supporting Egypt’s Vision for Smart Cities and Tourism

The new launch aligns with Egypt’s national vision to promote smart tourism, enhance hotel infrastructure, and develop integrated communities in the New Administrative Capital. Qurtuba’s expansion is a direct reflection of its robust financial standing, enabling it to tap into emerging urban markets across the country.

Ewis noted, “Our expansion plan is designed to meet evolving client expectations, and this upcoming project reflects our ability to deliver integrated real estate solutions that support sustainable urban growth.”

Project Details to Be Unveiled Soon

:The company will soon release comprehensive information about the project, including

Exact location within the New Capital

Unit types and space offerings

Flexible payment plans

Exclusive investment incentives

These elements are expected to position the project as one of the most anticipated launches in the Egyptian real estate market in 2025.

Qurtuba’s Commitment to Quality and Client-Centric Development

Qurtuba Developments reaffirmed its dedication to delivering high-quality real estate offerings that combine strategic location, innovative design, and value-driven investment opportunities. The company aims to serve a broad segment of clients seeking opportunities in new urban centers like the New Administrative Capital.

Governor of the Central Bank of Egypt Signs Memorandum of Understanding with Chinese Counterpart to Promote Mutual Cooperation

, Governor of the Central Bank of Egypt (CBE), signed a Memorandum of Understanding (MoU) with H.E. Mr. Pan Gongsheng, Governor of the People’s Bank of China (PBOC), at the Egyptian Cabinet to boost joint collaboration across various areas of mutual interest. The signing ceremony was witnessed by H.E. Dr. Mostafa Madbouly, Prime Minister of Egypt, and H.E. Mr. Li Qiang, Premier of the State Council of the People’s Republic of China, alongside senior officials from both countries.

 

the Central Bank of Egypt

The MoU includes a cooperation framework through the exchange of information and professional expertise, as well as the training and development of staff at both central banks. The areas of cooperation encompass monetary policy, financial markets, electronic payment systems and services, financial and supervisory technologies, in addition to banknote issuance.

 

The MoU aims to promote the use of local currency settlements for cross-border financial and trade transactions, while facilitating direct investments between both sides to foster economic integration. It also includes provisions to strengthen cooperation on Central Bank Digital Currencies (CBDC). Additionally, it supports financial innovation using modern technology through conducting joint research and studies, as well as exchanging technical information and expertise.

 

In this regard, H.E. Mr. Hassan Abdalla, Governor of the CBE, affirmed that “this MoU reflects the evolution of the historic ties between Egypt and China. It demonstrates both institutions’ commitment to strengthening partnerships between their respective financial institutions in light of global economic developments.” He also expressed his optimism regarding “this step, which is expected to elevate economic cooperation to more advanced and effective levels.”

 

For his part, Mr. Pan Gongsheng, Governor of the PBOC, stated that “the signing of this MoU marks a pivotal step in advancing economic relations between Egypt and China,” emphasizing that “this agreement will facilitate the sharing of best practices and regulatory coordination in both jurisdictions, creating an enabling environment to unlock greater potential of bilateral financial cooperation.”

Egypt and China Deepen Central Bank Cooperation with Strategic MoUs to Boost Financial Integration and Digital Payments

In a significant move to enhance financial cooperation between Egypt and China, H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), hosted H.E. Mr. Pan Gongsheng, Governor of the People’s Bank of China (PBOC), and his delegation during an official visit to Cairo. The meeting, held at the CBE headquarters, underscored the strategic and historic relations between the Arab Republic of Egypt and the People’s Republic of China, and aimed to explore mechanisms for deeper central bank collaboration and exchange of technical expertise in the financial sector.

Governor Abdalla welcomed his Chinese counterpart, affirming that the visit reflects the long-standing bilateral ties and provides an essential platform to expand banking cooperation and foster economic stability and sustainable development in both nations.

Strengthening Currency and Banking Ties

During the meeting, both governors discussed critical areas of mutual interest, including the local currency swap agreement, the settlement of payments in local currency, the issuance of Panda Bonds, and linking national payment systems.

Discussions also highlighted the importance of increasing the presence of Chinese and Egyptian banks in each other’s markets and encouraging greater bilateral investment flows.

Signing of Three Strategic Memoranda of Understanding

:The visit culminated in the signing of three Memoranda of Understanding (MoUs) aimed at strengthening joint financial cooperation

:Yuan Promotion in the Suez Economic Zone

An MoU was signed between Suez Canal Bank, China-Africa TEDA Investment Company, and CIPS Company Limited—the operational body of China’s Cross-border Interbank Payment System (CIPS).

This agreement supports the use of the Chinese Yuan (RMB) in the China-Egypt Suez Economic and Trade Cooperation Zone, advancing currency diversification and trade facilitation.

:Expansion of UnionPay in Egypt’s Payment Landscape

UnionPay International, a leading Chinese electronic payments provider, signed an MoU with the Egyptian Banks Company for Technological Advancement (EBC) to bolster Egypt’s electronic payment infrastructure.

The agreement aims to expand the acceptance of UnionPay cards across Egyptian POS terminals and e-commerce platforms.

:UnionPay-Paymob Digital Payment Protocol

A cooperation protocol between UnionPay and Paymob, a prominent Egyptian fintech company, was also signed to promote e-payment acceptance among businesses and digital merchants in Egypt.

Advancing Digital Finance and Economic Integration

These partnerships reaffirm the shared commitment of Egypt and China to enhance their strategic financial partnership, strengthen digital payment systems, and support regional economic integration. By fostering collaboration in financial services, the two nations are paving the way for improved trade relations, investment flows, and progress toward sustainable development goals (SDGs).

Governor of the Central Bank of Egypt Hosts a Delegation from the European Bank for Reconstruction 

H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), welcomed a delegation from the European Bank for Reconstruction and Development (EBRD) on Wednesday, 9 July, 2025, at the premises of the CBE, to discuss avenues of strengthening mutual collaboration.

the Central Bank of Egypt

The delegation included Mr. Mark Davis – EBRD Managing Director for the Southern and Eastern Mediterranean (SEMED) region; Mr. Mike Taylor – Director of Financial Institutions for SEMED; Mr. Hashem Abd El Hakim – EBRD Deputy Head and Head of Financial Institutions for Egypt; and Ms. Dominique Naggar – Principal Banker for Financial Institutions.

 

The meeting commenced with a welcome for EBRD’s new Managing Director for the SEMED, Mr. Mark Davis, followed by a review of existing cooperation frameworks between the CBE, the banking sector, and the EBRD across various fields.

The discussions prioritized advancing these partnerships, with particular focus on amplifying support for Micro, Small, and Medium-sized Enterprises (MSMEs) – recognized as the fundamental pillars for promoting financial inclusion among all segments of society and driving economic development and sustainable growth. The EBRD delegation commended Egypt’s recent economic reforms, highlighting their positive impact on key economic indicators.

 

Green Investments launches its fractional ownership platform “B.almetr” with EGP 600m investments

Green Investments launches its fractional ownership platform “B.almetr” with EGP 600m investments

Green Investments introduces “B.almetr” platform offering clients investment benefits and rental returns of up to 30%

Green Investments launches “B.almetr” – the safe haven for fractional real estate investment in Egypt

Green Investments

Green Investments has announced the launch of its digital fractional ownership platform “B.almetr,” which allows clients to invest in real estate by purchasing spaces starting from just one square meter, without being restricted to a fixed number of meters. The launch comes as part of the company’s strategy to offer innovative and secure investment solutions in the Egyptian market, with a business volume reaching EGP 600m.Eng.

 

CEO of Green Investments, stated that the “B.almetr” platform represents a qualitative leap in the fractional real estate investment sector. It enables individuals to invest in ready-to-move-in units that offer real rental returns—without the need to purchase an entire unit. He noted that the platform is designed to provide investment opportunities starting from EGP 500,000, with rental returns reaching up to 30%.

He added that all properties listed on the platform are carefully selected and consist of existing, operational units—not just conceptual drawings or future promises. He emphasized that “B.almetr” embodies a modern approach to shared investment, opening the door for a wider range of investors to benefit from real estate returns in a more flexible and secure way.

 

Baghdadi explained that the platform has submitted its documentation to both the Financial Regulatory Authority and the Central Bank of Egypt to obtain the necessary licenses, noted that the platform was established entirely in accordance with the provisions of the Egyptian Investment Law, ensuring the highest standards of governance and transparency.

He added that “B.almetr” has launched its first investment project through the “Epic” project, which allows clients to acquire ready-to-operate commercial units with active lease contracts—enabling investors to generate returns from day one of purchase.

He highlighted that the “B.almetr” platform offers a unique and unmatched set of benefits for investors. These include real ownership in an existing, income-generating property—rather than a project under construction—along with genuine lease contracts that provide some of the highest rental yields in the New Administrative Capital.

The platform also features flexible contract terms with no post-dated checks or late payment penalties, and includes a built-in safety exit option, allowing investors to request a full refund—without any deductions—after 18 months from the contract date in case of financial difficulty.

He added that a major advantage for investors is the flexibility to partially resell their ownership—enabling them to sell a portion of their square meter holdings without having to liquidate their entire share, a feature not typically available in traditional real estate investments.

 

He concluded that Green Investments was established in the Egyptian market in 2018 and possesses extensive experience in real estate development and asset management. The company is backed by Egyptian-Saudi investments, enhancing its financial strength and capability to offer advanced investment products tailored to meet the needs of both local and international investors.

Central Bank of Egypt Raises Daily Cash Withdrawal Limit to EGP 500,000 Temporarily Amid System Issues

Central Bank of Egypt Announces Temporary Withdrawal Increase

In response to ongoing technical disruptions affecting banking communication systems, the Central Bank of Egypt (CBE) has officially announced a temporary increase in the daily maximum cash withdrawal limit for both individuals and businesses.

The new cap has been raised to EGP 500,000, up from the previous EGP 250,000, and will remain in effect until communication systems are fully restored.

Objective: Maintaining Service Continuity

The CBE clarified that this measure aims to facilitate customer needs and ensure continued access to banking services during the temporary disruption. The increase applies exclusively to cash withdrawals from bank branches in local currency.

CBE Reassures Public Amid Technical Disruption

The Central Bank emphasized that all necessary steps are being taken to restore full system functionality as quickly as possible, while continuing to prioritize customer convenience and financial stability.

Banks to Continue Operations Under Revised Limits

All Egyptian banks have been notified to implement the updated limit immediately, allowing clients to access their funds without unnecessary delays.

Qurtuba Developments unveils outstanding expansion strategy backed by a diverse and extensive land portfolio

Qurtuba Launches New Expansion Phase

Qurtuba Developments has announced the launch of a new expansion phase,

backed by a strategic and diverse land portfolio across several fourth-generation cities.

This comes as part of an ambitious plan to roll out six major projects over the next two years.

Six Major Projects Planned in Two Years

Dr. Hussein Hawash, Chief Commercial Officer of the company, stated that Qurtuba Developments

has already begun implementing this plan by acquiring prime plots in East Cairo and one

of Egypt’s coastal cities.

Hawash said that the company’s strong financial solvency enables it to make well-studied

investments and strengthen its presence in promising urban areas.

Strategic Land Portfolio in Prime Locations

“We are now embarking on a true phase of expansion—marked by geographic growth,

strengthening our team, and launching new branches to foster closer connections with

our clients and drive the company’s presence in new regions,” he added.

He noted, “Our new strategy builds on a strong track record of success. Since the company was founded by Eng.

Mohamed Omar, Chairman of the Board, we have successfully developed and delivered more than

50 standalone residential projects in the Bait Al Watan area of New Damietta, in addition to a

large number of ongoing projects in North Rehab and Bait Al Watan in New Cairo.”

Strong Financial Position Fuels Growth

He pointed out that as part of its expansion plans, the company has recently launched

two distinctive projects: “One Business Center,” an integrated administrative and commercial

development in the heart of New Mansoura City, and “Nuzul,” a unique hotel-style project in New Damietta.

Focus on Geographic Expansion and New Branches

He indicated that the company’s roadmap also involves expanding into hospitality sector in

the near future, through partnerships with international firms, building on the notable success

of the “Nuzul” hotel project in New Damietta.

Hawash concluded by stating that the company is committed to delivering fully integrated

real estate projects that meet customer aspirations and keep pace with global developments in

real estate development. Additionally, the expansion plan marks a new phase of growth built on

clear and well-defined financial and strategic foundations.

President El-Sisi Congratulates Denmark on Assuming EU Presidency

President Abdel Fattah El-Sisi extended his sincere congratulations to His Majesty the King of Denmark, the Prime

Minister, the government, and the friendly people of Denmark on the occasion

of Denmark’s official assumption of the rotating presidency of the Council of the European Union,

which began today, Thursday, July 3, 2025.

President

Egypt’s Confidence in Denmark’s EU Presidency

In a post on his official social media account on X, President El-Sisi stated:

“We trust that Denmark will undertake this responsibility with a spirit of cooperation and accountability.

We look forward to its presidency contributing to the promotion of peace, stability, justice, and growth

across Europe and the world.”

Strengthening Cooperation Between Egypt and the EU During Denmark’s Presidency

President El-Sisi added:

“We affirm our eagerness to coordinate and cooperate with Denmark during this presidency to advance

the interests of our African continent and developing countries, and to enhance the European response

to the issues of our region in the Middle East, thereby fostering fair and inclusive partnerships.”

Denmark’s Priorities and Tasks as EU Council President

Denmark officially took over the EU presidency last Tuesday for a six-month term, succeeding Poland.

The Danish government in Copenhagen will lead numerous ministerial meetings and act as a mediator

in disputes among the 27 EU member states.

During its presidency, Denmark plans to focus on strengthening joint defense capabilities

to face security threats, especially those posed by Russia, alongside boosting competitiveness within

the EU under the motto “A Strong Europe in a Changing World.”

Additionally, Denmark aims to advance legislative initiatives targeting the fight against illegal immigration

and climate change, reflecting its commitment to security, environmental protection, and sustainable development.

How to File a Bank Complaint with the Central Bank of Egypt..Easy Steps to Protect Your Rights

The Central Bank of Egypt has released a clear and simple guide, including a video and infographics,

explaining the steps customers of the banking sector should follow to file a bank complaint and

ensure their rights are protected.

This initiative reflects the Central Bank’s commitment to transparency and consumer protection

in the banking industry.

 the Central Bank of Egypt

Steps to File a Bank Complaint with Your Bank

Customers can contact their bank through the following channels:

Bank’s call center

Bank’s website or email

Visiting the bank branch in person

Important Tips to Follow

Obtain a reference number for your complaint to track its progress easily.

The bank must respond to your complaint within a maximum of 15 working days.

You have the right to appeal the bank’s response within 15 days if you are unsatisfied with the resolution.

Escalating the Complaint to the Central Bank of Egypt

If the issue remains unresolved or the solution is unsatisfactory, customers can escalate their complaint to

the Central Bank by:

Visiting the Central Bank’s branch in person

Or submitting the complaint through the official Central Bank website: www.cbe.org.eg

Required Documents for Filing a Complaint with the Central Bank

The reference number of the complaint submitted to the bank

Customer’s national ID card

In case of an agency, the original power of attorney or authorization

For companies, the commercial registration along with the authorized signatory’s details

Why Filing Bank Complaints Matters

Through these steps, the Central Bank of Egypt empowers customers to safeguard their rights

and ensures fair and transparent resolution of banking issues.

It emphasizes the importance of following up on complaints and obtaining clear

responses within the specified timeframe, with an effective escalation mechanism to uphold customer rights.