alekhbaryia Archives - الصفحة 8 من 51 - جريدة الاخبارية

Cairo ICT 2025: HMD Showcases Nokia Feature Phones Produced in Egypt

Posted on نوفمبر 18, 2025نوفمبر 18, 2025 by doha

HMD Global, the home of Nokia phones, has announced its participation in Cairo ICT 2025

showcasing its latest “Made in Egypt” smartphones and Nokia Feature phones These devices

are manufactured at the Egyptian Silicon Industries Corporation (E-SICO) factory in the New

Assiut Technology Park, highlighting HMD’s commitment to Egypt as a strategic technology

and electronics manufacturing hub

Expanding Local Manufacturing in Egypt

local production represents a key milestone in Egypt’s growing mobile phone and

electronics manufacturing sector By leveraging the Egyptian market, aims to make

Egypt a launch pad for mobile phone exports to North Africa, Sudan, and beyond, contributing

to the country’s reputation as a regional tech innovation hub

Tamer El-Gamal, General Manager of HMD Egypt, emphasized

Producing HMD and Nokia Feature phones in Egypt reflects our confidence in the

Egyptian market, its skilled talent, and its strategic position in the region

Cairo ICT 2025: Showcasing Innovation and Export Capabilities

At Cairo ICT 2025, will highlight

Expanded local production capabilities for smartphones and feature phones

Roadmap for export operations across Africa

Latest innovations in the HMD & Nokia Feature phone portfolio

This initiative not only strengthens presence in the Egyptian market but also

positions the country as a central hub for technology manufacturing, mobile devices

and electronics exports in the region

Tesla Developments Accelerates Construction at Green City to 70% with Plans for Early Delivery

Posted on نوفمبر 18, 2025نوفمبر 18, 2025 by doha

Tesla Developments announced that construction progress at its Green City project

in 6th of October Gardens has reached 70%, confirming its plan to deliver units ahead of the

scheduled timeline The company emphasized its commitment to maintaining rapid construction

momentum and delivering high-quality residential communities in West Cairo, a market that

continues to witness strong demand

Non-Stop Construction as the Company Pushes for Early Delivery

Yasser Mohamed, founder of Tesla Developments, stated that construction work at Green

City is ongoing 24 hours a day, reflecting the company’s commitment, discipline, and serious

approach to project execution He highlighted that Tesla Developments’ strong financial

solvency plays a crucial role in empowering its implementation plans and ensuring fast progress

Mohamed added that the project enjoys a strategic location within 6th of October Gardens

making it an attractive and secure investment opportunity for clients

A Fully Integrated Community Serving Over 700 Families

Green City spans 12 acres and is designed to serve more than 700 families, offering

a variety of residential unit sizes to meet the needs of different segments

The project includes a dedicated commercial and recreational service area, reinforcing

the company’s focus on enhancing quality of life, not merely constructing residential buildings

Tesla Developments aims to create a balanced urban environment that integrates services

facilities, and modern design

New West Cairo Projects Led by Extensive Land Portfolio

Ahmed Beshir, co-founder of Tesla Developments, revealed that the company

is preparing to launch several new projects in West Cairo, starting with the Tesla

Residence project on the Oasis Road He pointed out that Tesla Developments owns

one of the largest land portfolios in October Gardens, which positions the company

to develop distinguished projects that strengthen its leadership in the region

Strategic Expansion and Continuous Search for Opportunities

Beshir noted that the company continues to execute its current projects while

simultaneously exploring new investment opportunities and planning the development

of its land assets He emphasized that Tesla Developments is working intensively on all

fronts to maintain its leading position in the real estate market, especially as West Cairo

continues to attract high customer demand due to its rapid urban development and

strong investment appeal

Madbouly: ICT Has Become a Strategic Pillar of Egypt’s Economic Growth

Posted on نوفمبر 18, 2025 by aberabozaher

Prime Minister Dr. Mostafa Madbouly inaugurated the 29th edition of the Cairo International Technology Exhibition and Conference (Cairo ICT), the largest and most influential technology event in the Middle East and Africa. Organized under the auspices of the Ministry of Communications and Information Technology (MCIT), the exhibition is being held from 16 to 19 November at the Egypt International Exhibition Center in New Cairo, under the theme “AI Everywhere”. This year’s edition brings together more than 500 exhibitors, alongside senior representatives from ministries, authorities, and leading national institutions.

Madbouly

Dr. Madbouly was welcomed by Dr. Amr Talaat, Minister of Communications and Information Technology, and several high-level officials including Eng. Raafat Hindi, Deputy Minister for Infrastructure and Digital Transformation, Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority, and Mr. Osama Kamal, Chairman of Trade Fairs International, the event organizer. The Prime Minister praised the significant presence of Egyptian companies across diverse sectors, emphasizing that the ICT sector has firmly become a strategic pillar of the national economy and a key partner in the government’s efforts to stimulate sustainable growth.

In his remarks, Dr. Madbouly affirmed that Egypt has placed great importance on building a comprehensive national digital strategy, transforming the ICT sector from a purely service-based domain into a productive sector that creates jobs, boosts exports, and drives economic value. He stressed that establishing clear objectives, supported by precise implementation plans, is essential to achieving Egypt’s digital transformation goals.

During his tour of the exhibition, the Prime Minister visited the pavilion of the Ministry of Communications and Information Technology, where he was briefed on the latest developments in the Digital Egypt Strategy. Minister Amr Talaat explained that the strategy is built around empowering citizens and expanding access to digital services, while simultaneously nurturing digital skills and unlocking new economic opportunities. He highlighted the four core pillars of the strategy: seamless digital access, local manufacturing to build a productive digital economy, advanced digital empowerment for all citizens, and the promotion of digital innovation and entrepreneurship.

A major highlight of this year’s event was the trial launch of new services for Egyptians abroad via the Digital Egypt Platform. These services include the issuance of authenticated documents from the Ministry of Foreign Affairs, such as certified birth, marriage, divorce, and death certificates. Minister Talaat also announced that the Digital ID (Bitaqaty) card for remote identity verification will be launched soon, enabling citizens to complete notarization procedures and access additional services entirely online. He further revealed that 45 exclusive digital services are being introduced in the first phase, covering commercial registry, notarization, civil status, and social insurance services.

The minister outlined the latest achievements in local manufacturing as part of the government’s efforts to build a competitive digital economy. He stated that 15 global brands have invested USD 200 million in mobile phone manufacturing facilities in Egypt, achieving a production capacity of 20 million devices annually, with local production covering more than 81 percent of domestic demand. Egypt also hosts four manufacturers producing optical fiber cables with a combined capacity of 4 million kilometers per year. Total investments in mobile device and fiber cable manufacturing now stand at USD 263 million, creating 9,000 direct and indirect jobs.

Dr. Talaat also reviewed national initiatives designed to build digital talents and nurture innovation. The DIGITOPIA competition, launched to discover emerging talents aged 10 to 35 in fields including programming, artificial intelligence, digital arts, and cybersecurity, received more than 25,000 applications. After several qualification rounds, 72 teams reached the semi-finals, and the final results will be announced on 29 November. The minister also highlighted the success of the Mahara-Tech online training platform, which has trained 285,000 learners and earned the 2025 UNESCO ICT in Education Award for its pioneering role in expanding access to responsible digital learning. Additionally, Egypt University of Informatics (EUI) celebrated the graduation of its first cohort across computer science, business technology, and digital arts programs.

The ICT sector continues to demonstrate strong performance, with a 14 percent growth rate, a 6 percent contribution to GDP, and expected digital exports reaching USD 7.4 billion this year. Egypt has also advanced to Group A in the Global Government Digital Transformation Readiness Index, reflecting its steady progress in digital governance.

Across the exhibition halls, national institutions demonstrated a wide range of innovative digital projects. These include the real estate export platform developed with the Ministry of Housing and the Administrative Control Authority, the digital litigation system implemented with the Ministry of Justice and Public Prosecution, a speech-to-text AI system to support digital justice, and a digital religious content platform developed with the Ministry of Awqaf. The exhibition also featured the latest initiatives of Egypt Post, the Central Bank of Egypt, the Financial Regulatory Authority, ITIDA, the National Telecom Regulatory Authority, and the Arab Organization for Industrialization.

This year’s Cairo ICT hosts five major events under one umbrella, including the twelfth edition of PAFIX, the region’s leading digital payments and financial inclusion forum under the patronage of the Central Bank of Egypt; the second edition of the Artificial Intelligence, Data Centers, and Cloud Computing Forum (AIDC); the fifth edition of Connecta for youth and entertainment technologies; the Innovation Arena for startups; and, for the first time, the Cyber Zone cybersecurity showcase held across two locations within the exhibition. The Future of Egypt Authority is also participating as the exhibition’s Guest of Honor, presenting its vision on digital transformation, data centers, and artificial intelligence.

Throughout four days, Cairo ICT 2025 offers interactive sessions and live demonstrations on the latest developments in artificial intelligence, Internet of Things, fifth-generation technologies, cybersecurity, smart cities, educational technology, cloud computing, green technologies, fintech, and digital identity solutions, reaffirming Egypt’s growing position as a regional leader in technological innovation.

Kleek Developments secures building permit for Noll New Cairo project, gears up to commence construction

Posted on نوفمبر 17, 2025 by aberabozaher

Kleek Developments announced that it has obtained the building permit for its Noll New Cairo project located in the Sixth Settlement area of New Cairo. The permit represents a significant step toward commencing construction, underscoring the company’s adherence to its execution schedule and strengthening customer confidence.

Kleek Developments

Eng. Hussein Dawood, founder and chairman of Kleek Developments, stated that securing the building permit represents a significant milestone for the project.
He explained that the company has developed a comprehensive work plan for the coming period, designed to deliver top-tier quality and execution aligned with global standards—reflecting the company’s stature and the trust it has earned from its clients.

Dawood added that Kleek Developments is progressing steadily with its current project while also exploring potential expansion opportunities. The company follows a strategic plan designed to achieve sustainable growth and boost its market value, especially in light of the growing investment opportunities in Egypt and the favorable incentives and investment climate within the country’s real estate sector.

He disclosed that Noll New Cairo covers 90 acres and offers a fully integrated urban development. The project is situated in the heart of the city, neighboring prominent large-scale developments in the Sixth Settlement of New Cairo. Its central location ensures convenient access to all major roads, providing excellent connectivity. With a building density capped at 18%, every unit within the project enjoys a distinctive and unobstructed view.

The company’s chairman pointed out that the Noll New Cairo project’s progress and the decisive push toward execution demonstrate Kleek Developments’ strong financial position, allowing the company to stay on schedule without delays.

He concluded that this progress also facilitates the execution of the marketing and sales strategy for the remaining phases of the project.

Raya IT Reports 65% Revenue Increase, Showcases AI and Smart Solutions at Cairo ICT 2025

Posted on نوفمبر 17, 2025نوفمبر 17, 2025 by doha

Raya Information Technology, a subsidiary of Raya Holding for Financial Investments, has

reported remarkable growth during the first nine months of 2025, achieving a 65.1% increase

in revenue, an 89.3% rise in gross profit, a 106.4% growth in EBITDA, and a 139.2% surge in net profit

Eng Hisham Abdel Rasoul, CEO of Raya Information Technology, highlighted during a press conference

at Cairo ICT 2025″Our financial results reflect nearly three decades of resilience and operational

excellence Despite market volatility, supply chain challenges, and currency fluctuations, Raya has

consistently delivered growth through disciplined crisis management, clear strategic planning

and operational efficiency The company’s performance underscores its ability to expand operations

while improving cost structures, sustaining profitability, and reinforcing long-term shareholder value

Strengthening Global Presence Through Strategic Partnerships

Abdel Rasoul announced new strategic partnerships with Red Hat and IBM, enhancing

Raya’s portfolio in hybrid cloud solutions, artificial intelligence (AI), analytics, and cybersecurity

“These alliances expand our capabilities and regional presence, enabling Raya to serve high-impact

sectors such as financial services, telecommunications, energy, and government,” he said “Our

collaborations bridge global technology solutions with local enterprise needs, ensuring operational

flexibility, security, and actionable data-driven insights

Cisco Africa Partner of the Year Recognition

Raya Information Technology was recently named Cisco’s Africa Partner of the Year 2025

cementing its leadership across the continent Winning this award demonstrates our ability to

combine hands-on expertise with advanced technical solutions, delivering comprehensive digital

transformation across key sectors in Africa,” Abdel Rasoul noted “The recognition validates our

approach to building integrated digital ecosystems—including AI-ready data centers, unified

communications, and cybersecurity—deployed efficiently across multiple industries

AI-Centric Expansion to Support Egypt and the Gulf

Raya is positioning artificial intelligence (AI) as a strategic pillar in its digital transformation roadmap

“AI allows us to redefine customer experiences, enhance operational efficiency, and convert data into

tangible business value,” Abdel Rasoul explained “Our new AI business unit is focused on developing

intelligent platforms, scalable solutions, and practical applications for sectors such as banking

telecommunications, healthcare, and government Raya plans to expand offerings with virtual assistants

advanced analytics, automated contact centers, and scalable software solutions, supported by strategic

partnerships that strengthen its AI capabilities across Egypt, Saudi Arabia, and the broader Middle

East and North Africa region

Cairo ICT 2025: Showcasing End-to-End Digital Solutions

At Cairo ICT 2025, Raya Information Technology is exhibiting across three specialized halls

presenting a comprehensive vision for digital transformation

Big Tech Hall Collaboration with Cisco to showcase AI-ready infrastructure, performance

analytics, and intelligent collaboration environments PAFIX Hall Banking solutions with

Diebold Nixdorf, featuring DN Series devices, video-assisted banking, and automated

cash management services AIDC EXPO Hall Agentic AI solutions, agent automation

high-density data centers, cybersecurity, and managed services, demonstrating Raya’s

ability to deliver secure, end-to-end digital ecosystems for enterprises

“Our participation demonstrates Raya’s commitment to driving digital transformation and

empowering enterprises with innovative, integrated solutions,” said Abdel Rasoul

With a strong financial performance, strategic partnerships with global technology leaders

recognition as Cisco Africa Partner of the Year, and a focus on AI-driven digital transformation

Raya Information Technology is solidifying its leadership in Egypt, the Middle East, and Africa

while advancing its mission to shape the future of intelligent digital ecosystems

Egyptian Remittances Reach USD 30.2 Billion in First Nine Months of 2025

Posted on نوفمبر 17, 2025نوفمبر 17, 2025 by doha

Remittances from Egyptians working abroad recorded a significant increase during the

first nine months of 2025, reaching an unprecedented USD 30.2 billion This represents

a remarkable 45.1% growth compared to USD 20.8 billion during the same period in 2024

highlighting the continued strength of Egyptian labor remittances and their vital role in

supporting the Egyptian economy

Monthly Growth: September 2025

On a monthly basis, remittances from Egyptian Remittances abroad rose sharply in September 2025

totaling around USD 3.6 billion This reflects a 30.9% increase compared to USD 2.7 billion

recorded in September 2024, demonstrating the sustained inflows of foreign currency and their

contribution to Egypt’s financial stability

Impact on the Egyptian Economy

Labor remittances remain a key pillar of the Egyptian economy, providing critical support

for foreign currency reserves, boosting household purchasing power, and financing domestic

consumption and investment The significant growth in remittances underscores the resilience

of these inflows amid global economic fluctuations

Outlook for the Remainder of 2025

Egyptian Remittances With improving global labor markets, Egyptian remittances are expected to continue

their upward trajectory for the remainder of 2025 This trend will further strengthen Egypt’s

financial position, support economic stability, and provide a reliable source of foreign currency inflows

ELSEWEDY ELECTRIC and Deutsche Rail Operations Launch 15-Year Partnership to Modernize

Posted on نوفمبر 17, 2025نوفمبر 17, 2025 by doha

Strategic 15-Year Partnership to Modernize Egypt’s Rail Network

ELSEWEDY ELECTRIC, a leading provider of integrated infrastructure and energy solutions

together with Deutsche Rail Operations GmbH (DRO), one of Europe’s top rail service operators

signed a Memorandum of Understanding (MoU) with the Egyptian National Railways (ENR) to launch

a transformative 15-year partnership aimed at delivering premium passenger rail services in Egypt

The signing ceremony took place in Cairo during TransMEA 2025, the premier expo for smart transport

logistics, and infrastructure in the Middle East and Africa The event was attended by Lieutenant General

Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry

Redefining the Passenger Rail Experience in Egypt

ELSEWEDY ELECTRIC The partnership aims to redefine rail travel in Egypt by introducing international service

standards that prioritize comfort, efficiency, and reliability This initiative supports the Egyptian

government’s vision to modernize its railway network and enhance sustainable mobility across

the country Under the agreement, ELSEWEDY ELECTRIC and DRO will assist ENR in operating

and managing a diverse fleet, including

Six state-of-the-art Talgo trainsets

350 brand-new Hungarian air-conditioned coaches

212 refurbished VIP and Top VIP coaches

The service will cater to multiple passenger tiers, from daily commuters to premium

travelers, ensuring accessibility, safety, and superior onboard comfort across Egypt

Leadership Statements: Combining Global Expertise with Local Commitment

Wael Hamdy, Senior Vice President and CEO of the Engineering & Construction Sector at ELSEWEDY

ELECTRIC, said Together with ENR and Deutsche Rail Operations, we plan to set new standards

in passenger rail by combining global expertise with local commitment. Our goal is to make rail

travel in Egypt efficient, sustainable, and world-class

Dieter Michell-Auli, CEO of Deutsche Rail Operations GmbH, added

This partnership marks a significant step toward advancing Egypt’s passenger rail sector

Leveraging our operational expertise and long-standing commitment to service excellence

we aim to deliver a railway system that is safe, reliable, and truly centered around the

passenger experience

Driving Egypt Toward a Regional Benchmark in Rail Infrastructure

The collaboration reflects a shared vision to enhance Egypt’s rail infrastructure

improve the quality of life for millions of passengers, and position Egypt as a regional

benchmark for modern rail operations in the Middle East and Africa By integrating

advanced train technology and international service standards, the partnership promises

a transformative impact on passenger rail services in Egypt

Central Bank of Egypt Participates in the 12th Edition of the Digital Payments, Financial Inclusion, a

Posted on نوفمبر 17, 2025 by aberabozaher

In line with its progressive efforts to promote digital transformation and financial inclusion within the banking sector, and to align with international best practices in the Artificial Intelligence (AI) technologies, the Central Bank of Egypt (CBE) is participating in the 12^th edition of the Digital Payment, Financial Inclusion, and Digital Banking (PAFIX) International Conference and Exhibition. Held under the auspices of the CBE, PAFIX will take place in parallel with the “Cairo ICT” Fair and Forum from November 16 to 19, 2025.

Central Bank of Egypt

In this regard, H.E. Mr. Hassan Abdalla, Governor of the CBE, highlighted that the CBE is keen to participate in this annual event, recognizing it as a distinguished platform for exchanging views and insights on digital transformation in financial and banking services, which comes at the forefront of Egypt’s priorities.

Mr. Abdalla further emphasized that the CBE is committed to keeping pace with the latest technological developments, particularly in the areas of FinTech and AI innovations. He also underscored the CBE’s efforts to advance and harness digital payment systems and services that provide convenient and swift banking services to citizens, while adhering to best international standards that ensure the safeguarding of all financial transactions.

During the official opening of the Cairo ICT, H.E. Dr. Mostafa Madbouly, the Prime Minister, visited the CBE’s pavilion, where he was briefed on the CBE’s key strategic projects and initiatives in the industries of AI technologies, FinTech, and electronic payment systems and services, as well as their role in enhancing financial services and promoting financial inclusion.

A detailed presentation was provided on the services that will be availed through the “Digital Financial Identity” platform (Haweya), along with a demonstration of the remote customer identification process for opening bank accounts. Notably, this platform enables banks and financial service providers to conduct electronic Know Your Customer (e-KYC) verification, and allows the customers to open bank accounts and access digital services securely and swiftly, without the need to visit banks’ branches.

The CBE’s pavilion at this year’s edition features various activations and events, including an educational showcase on the historical evolution of financial transactions over time. It also hosts a series of panel discussions, with the participation of representatives from banks, FinTech companies, and entrepreneurs, on the future of digital transformation and the latest trends in FinTech. Additionally, special interactive activations are taking place in the pavilion’s “InstaPay” designated area.

Senior officials from the CBE are scheduled to participate on Monday and Tuesday in the conference sessions, which cover various key topics and critical issues, including unprecedented global shifts in the banking industry as well as the profound impact of emerging technological solutions – particularly AI technologies – on the roles, systems, and infrastructure governing this sector and its related services.

The sessions will be attended by a distinguished group of banks’ heads and executives, officials from entities and institutions specializing in FinTech and digital payments, in addition to international experts and analysts engaged with the latest developments in FinTech innovations, electronic payment systems, and financial inclusion.

Qurtuba Developments prepares to launch its ambitious expansion plan to enhance its presence in the Egyptian market

Posted on نوفمبر 17, 2025 by aberabozaher

Qurtuba Developments Company, announced its prepations to launch a new expansion plan aiming to enhance its presence in the Egyptian market and diverse its investment portfolio through different projects in strategic locations, most notably the New Administrative Capital.

Qurtuba Developments

Dr. Hussein Hawash, CEO of Qurtuba’s Commercial Sector, said that this plan comes is part of a comprehensive strategy based on well-considered and strategic expansion,
to keep pace with the changeable needs of the Egyptian real estate market and reinforce Qurtuba’s position as one of the most balanced real estate developers in terms of quality and sustainability.

He added that the company is currently studying a number of new projects with substantial investments, representing an extension of its success
in delivering projects that combine distinctive architectural identity, modern design, and strategic location to apply the clients needs whom seeking genuine value and a secure investment.

He pointed that NUZUL Tower project in the New Administrative Capital was one of the most prominent examples embodying the company’s vision, as the project achieved great success since its launchind, due to its prime location on the eastern axis and its design as a mixed-use project (commercial, administrative, and hotel) with investments exceeds 3 billion Egyptian pounds.

He assured that the strong partnerships that the company had established, and the accurate study that preceded the project’s launching, were among the most important reasons for the great demand, noting that Qurtuba does not launch a project except after making a realistic study for the market and ensuring the integration of the elements of success in it.

Strategic Partnerships.. the basics of success and sustainability

Dr. Hussein Hawash assured that strategic partnerships represent one of the most important pillars of Qurtuba’s vision for expansion and growth, due to the company’s faith that true success in real estate development cannot be achieved in isolation, but rather through building an integrated system that includes success partners at every stage.

He pointed that Qurtuba has strong collaborative relationships with major engineering and construction consulting companies, most notably “Arcrete Engineering Consultants”, in addition to professional alliances with international hotel management and operations companies, including “TIME Hotels” group-the UAE-based-
which operates and manages “Nuzul” hotel chain and projects in Egypt.

He added that cooperation with TIME Hotels aligns with Qurtuba’s strategy to build an Egyptian hotel brand with international operating standards, keeping pace with the demands of modern tourism investment and offering its guests a high-quality hospitality experience that blends authenticity with innovation.

He showed that these partnerships represent the cornerstone of trust in the company’s projects, as Qurtuba relies on combining strong investment with precise operational and technical experience, which directly reflects on the final products’ quality and client satisfaction.

A comprehensive vision for the future

Dr. Hawash added that the company has solidified its position in the Egyptian market over the past years, through a portfolio exceeds 45 projects in strategic locations such as New Damietta, New Mansoura, and the New Administrative Capital, including “One Business Center” and several distinguished administrative and hotel projects.

He assured that Qurtuba Developments’ vision is based on delivering genuine value to clients, through projects that combine commitment, quality, and sophisticated design, besides the company’s commitment to delivery deadlines and technical specifications, which enhances client trust and establishes a long-term relationship with the market.

He added that what distinguishes Qurtuba is its ability to think differently, as we don’t seek numerical expansion in the number of projects, but rather intellectual expansion in the development philosophy itself, pointing that the next phase will witness the launching of a group of major projects that reflect the maturity of our experience and the continuity of our vision.

He noted also that within this comprehensive vision, Qurtuba Developments is steadily moving towards a brighter future, building on a track record of success, strong financial and organizational capabilities, and strategic alliances with major regional entities, which enables it to be one of the most influential real estate brands in the modern Egyptian development scene.

About the Company

Qurtuba Developments was established as one of Egypt’s leading real estate development companies.

It operates a diverse portfolio of residential, commercial, hospitality, administrative, and medical projects in strategic locations within New Damietta, New Mansoura, the New Administrative Capital, and New Alamein.

The company adopts a philosophy based on sustainable development, commitment, and innovation in design and execution, reflecting its vision of building an integrated real estate future that applies the aspirations of both the Egyptian market and investors.

GEDICO Communities commences construction on “Nebu Business Court” in New Capital with EGP 3bn investments

Posted on نوفمبر 16, 2025 by aberabozaher

Great Egypt “GEDICO” Communities has announced the commencement of construction for its “Nebu Business Court complex” in the heart of the New Capital, with total investments exceeding EGP 3bn.

GEDICO Communities

The move comes just five months after the project’s launch, reflecting the company’s strong financial position and firm commitment to its clients.
CEO of GEDICO Communities Mohamed Awaad Habeeb said the company intends to start construction in record time following the project’s launch.

He added that this approach reflects GEDICO’s strong strategy to uphold its credibility, honor its commitments to clients, and deliver world-class real estate developments in the heart of the New Capital.

Habeeb noted that the “Nebu Business Court” occupies a strategic location overlooking the House of Representatives and Senate, the City of Justice, Al-Shaab Square, the Cabinet headquarters, and Misr Mosque, making it one of the most prominent administrative projects in the area.

The project is also the first administrative building in the New Capital to obtain the ISO 14001 environmental certification, and it is designed and qualified to receive the LEED international certification for environmental sustainability and green building quality, reflecting GEDICO Communities’ commitment to modern construction standards and green architecture.

Habeeb highlighted that CUBE Consultants designed the project, which comprises two towers, north and south, linked by a central plaza for various user activities and a panoramic bridge connecting the towers.

Each tower features two basement parking levels and nine administrative floors with flexible layouts and interior heights exceeding 5 sqm. The main entrance boasts a distinctive 16-meter-high Pharaonic design, inspired by the monumental halls of ancient Egyptian temples, emphasizing the project’s luxury and unique architectural identity.

The ground floor includes branches of several Egyptian banks and the largest private conference hall in the business community of the New Capital. Accordingly, the company aims to achieve maximum diversity in administrative and investment activities within the project, ensuring the highest possible return on investment for its tenants.

Schneider Electric Showcases the Impact of its Sustainability Commitment Through Strong Q3 Results

Posted on نوفمبر 16, 2025 by aberabozaher

Schneider Electric, a global energy technology leader, today announces its non-financial results for the third quarter of 2025, confirming its progress toward completing the Schneider Sustainability Impact (SSI) 2021–2025 program. With one quarter remaining, the company reports a score of 8.52 out of 10, confirming strong alignment with its year-end target of 8.80.

Schneider Electric

One of the key milestones this quarter is the early completion of the Zero Carbon Project, which reached a 53% average reduction in CO₂ emissions across top suppliers’ operations, surpassing the 2025 ambition ahead of schedule. This initiative supports over 1,000 suppliers through tailored decarbonization roadmaps, technical training, and renewable energy guidance.

Progress continues across other core SSI indicators:

Decarbonization: Schneider Electric has helped customers save and avoid 792 million tonnes of CO₂ emissions through its products and solutions since 2018, nearing its 2025 ambition of 800Mt. During Climate Week NYC 2025, the company announced the expansion of its Scope 3 decarbonization efforts, including enhanced supplier engagement and new industry collaborations. These initiatives aim to accelerate emissions reductions across the value chain, with a focus on digital tools, renewable energy sourcing, and circularity.

In parallel, Schneider Electric’s AirSeT switchgear was recognized by the World Economic Forum for Excellence in Sustainable Design. This innovation replaces SF₆ with pure air and vacuum technology, eliminating a potent greenhouse gas and enabling smarter, safer grids.

Access to Energy: Over 60 million people have gained access to green electricity through Schneider Electric’s programs since 2009, exceeding the 2025 target. This impact is supported by distributed energy solutions such as microgrids, which empower communities through local ownership and inclusive governance. The Schneider Electric™ Sustainability Research Institute’s recent paper, Energy Poverty: And the many ways that safe, affordable, sufficient, and sustainable energy for all empowers, explores how energy democracy can drive systemic change.

“Schneider Electric has been named the world’s most sustainable company three times this year, most recently by Sustainability Magazine. These recognitions are a reflection of the collective progress we’re seeing across industries.” said Esther Finidori, Chief Sustainability Officer. “What gives me confidence is the actions we see every day. Organizations are cutting emissions, technology is ready and being deployed at scale, and people are driving change with purpose. Sustainability is becoming the core of how we operate, innovate, and collaborate. That’s where real transformation happens.”

For a detailed view of all indicators and progress, please refer to the full Q3 2025 Schneider Sustainability Impact report, including the latest progress dashboard:

Raya Holding Reports Record-Breaking Results for Q3 and 9M 2025

Posted on نوفمبر 16, 2025 by aberabozaher

Raya Holding for Financial Investments (RAYA.CA) announced its consolidated financial results for the third quarter and first nine months of 2025, reporting another period of record-breaking performance that reflects the Group’s resilience, strategic execution, and diversified business model.

Raya Holding

During the third quarter of 2025, Raya Holding achieved its highest results to date, with revenues reaching EGP 17.7 billion, marking a strong 45.5% year-on-year growth and a 19% increase compared to the previous quarter. Gross profit recorded EGP 3.6 billion, up 46.8% year-on-year, while EBITDA rose by 59.1% to reach EGP 2.1 billion.

Net profit after minority interest surged by 62.4% year-on-year to EGP 740 million, representing the highest quarterly net profit in the company’s history.

For the first nine months of 2025, the Group maintained its strong growth trajectory, with total revenues amounting to EGP 45.5 billion, reflecting a 41% increase compared to the same period last year. Gross profit grew by 41.4% to reach EGP 9.6 billion, while EBITDA rose by 43.6% to EGP 5.3 billion.

Net profit after minority interest recorded a 47% year-on-year increase, reaching EGP 1.6 billion.

These results underscore Raya Holding’s operational excellence and strategic focus on sustainable growth and profitability across its diverse portfolio.

portfolio companies continued to demonstrate the strength and balance of Raya’s business model. Raya Information Technology reported exceptional growth of 65.1% year-on-year, driven by major digital transformation projects and strategic investments, including financing agreements exceeding EGP 2 billion.

Aman Holding achieved 51.4% year-on-year revenue growth, fueled by the launch of innovative financing products, expansion plans in Saudi Arabia, and a total of EGP 665 million in securitization issuances during 2025.

Raya Trade achieved 33.2% growth in revenues, supported by the expansion of its retail network and exclusive distribution partnerships with global brands. Raya Electric recorded an outstanding 212.4% year-on-year increase in revenues, reflecting the success of its Manufacturing-as-a-Service partnership with LG and growing demand for local production.

Raya Foods also delivered strong performance with a 36.3% year-on-year increase in exports, reinforcing its position as Egypt’s number-one frozen strawberry exporter, while Raya Auto continued to grow with a 33.9% increase in revenues supported by the success of XPENG’s electric vehicles. Meanwhile, Raya Customer Experience maintained steady performance, with 67.9% of its revenues generated in USD, highlighting its growing offshore footprint.

Commenting on the results, Ahmed Khalil, Group CEO of Raya Holding, stated:

“Our 2025 performance reflects the strength of Raya’s investment portfolio, a diversified structure, and a strategy built on discipline and growth. Each of our businesses has delivered solid results, proving the value of our operating model and the quality of our leadership across sectors.

This record year is the outcome of collective effort, from our teams driving performance on the ground to the leadership steering strategic direction. We remain focused on consistency, sustainable returns, and creating real value for our shareholders, partners, and customers.”

As one of Egypt’s leading investment groups, Raya Holding continues to operate through 10 portfolio companies, 40 subsidiaries across 6 countries, employing more than 20,000 professionals. With a consistent focus on innovation, expansion, and efficiency, Raya continues to strengthen its position as a flagship investment group contributing to Egypt’s industrial, technological, and economic growth.