Madinet Masr, has announced the purchase of treasury stocks, which was approved by the Board of Directors on June 28, 2026. The program aims to purchase up to 2% of the company’s total shares. Madinet Masr will purchase 42.7 million shares, representing 2% of its total shares, through open market transactions, in full compliance with the regulatory guidelines issued by the Financial Regulatory Authority and the Egyptian Exchange. This move reflects the company’s confidence in its financial performance and future growth prospects, which has been positively reflected in the stock’s recent performance The initiative aligns with the company’s longstanding commitment…
Author: Basant Elnegmy
Accor, a world-leading hospitality group, and Margins Developments, one of Egypt’s leading real estate developers, announce the signing of Novotel & Novotel Residences New Cairo Lusail, a landmark mixed-use destination combining hospitality, branded residences and modern living within a fully integrated community. The partnership further strengthens Accor’s presence in Egypt, expands its footprint across the country’s emerging urban growth destinations, and marks Margins Developments’ entry into the hospitality sector. The partnership was officially unveiled during a press conference held in Cairo, attended by senior executives from both organizations, investors, strategic partners, and members of the media. Located within LUSAIL Residence…
Misr Italia Holding for Financial Investments and its subsidiaries announced that Mr. Khaled El Assal, Eng. Mohamed Khaled El Assal, and Mr. Karim Khaled El Assal have completed the 100% acquisition of the company’s shares. The company comprises a number of subsidiaries, namely: Misr Italia Real Estate Investment, Misr Italia Construction and Development, Misr Italia Urban Development, Misr Italia Red Sea Touristic Projects, and Middle East Ras El Hekma for Touristic Investment. These entities encompass a diversified portfolio of residential, commercial, hospitality, and coastal projects spanning 6 million square meters, with total investments exceeding EGP 100 billion. The portfolio includes…
NAIA Developments is set to launch its branded serviced residences project within NAIA Bay in partnership with the globally renowned Accor Group under the Swissôtel Residences brand. This marks the first internationally branded serviced residences experience in Ras El Hekma, reflecting the company’s vision of introducing a new and integrated lifestyle concept that combines luxury living with world-class hospitality services within a fully developed coastal community. This milestone further strengthens Ras El Hekma’s position as one of the Mediterranean’s most promising destinations, attracting growing interest from investors and homebuyers seeking modern lifestyles that blend privacy, comfort, and exclusivity. The company…
Ora Developers Egypt announced the signing up of three brands, Crimson, Tipsy Camel, and Elevate Gym, to begin live operations along the beachfront at Silversands North Coast. This milestone reflects the activation of the beachfront as a vibrant, operational space and reinforces Silversands as an integrated coastal destination rather than a project under development. The signing supports Silversands’ vision of delivering a complete, year-round coastal experience, where the beachfront plays a central role in everyday life through hospitality, entertainment, and fitness. The three brands enhance the Silversands experience through operational spaces designed as natural extensions of daily life within the…
From its earliest days, El Gouna Red Sea has embraced a distinctive definition of premium living, one rooted in thoughtful design and meaningful human connection rather than scale alone. While skylines grew taller, El Gouna Red Sea chose to stay close to the ground; low-density neighborhoods, homes designed at eye level, and a built environment that leaves room to breathe rather than filling every corner. Waterfront living was never an afterthought; lagoons and open water were woven into the town’s layout from the start, shaping how homes are oriented, and how everyday life unfolds. Streets and spaces were shaped around…
Nations of Sky, the real estate development arm of the Future of Egypt Authority for Sustainable Development, organized an exclusive field visit to SkyRidge Executives, its fully integrated administrative hub strategically located in the heart of Cairo’s Sheraton district. The visit underscored the company’s commitment to shaping a new generation of workspaces in Egypt, designed to meet evolving business needs. Senior company executives, together with a group of journalists and media representatives attended this remarkable field visit. Coinciding with Nations of Sky’s announcement that phases one and two of the project have been fully sold out, the company is now…
In a move that underscores the strength of its financial position and the effectiveness of its investment strategy, Madinet Masr announced that its stock achieved exceptional and record-breaking performance on the Egyptian Stock Exchange during the period from December 31, 2025, to June 21, 2026. This performance demonstrates the company’s continued ability to maximize shareholders’ return from its operational and financial growth. Madinet Masr’s stock witnessed a strong price rally, rising from EGP 4.23 at the end of December 2025 to reach a closing price of EGP 7.40 on June 21, 2026, representing a 75% increase in share price in…
Upwyde Developments, has announced the launch of “Commonhaus”, an innovative serviced apartments hospitality concept within its premium project, “Skyramp”, in the heart of Sheikh Zayed. The concept was created in collaboration BirdNest, a pioneer in technology-driven residential hospitality and asset management solutions, which has been appointed as the exclusive partner for the management and operation of ”Commonhaus”. This partnership marks a significant milestone in both the real estate and tourism sectors where BirdNest will leverage its digital solutions and operational expertise to manage and operate 130 serviced units within “Skyramp”, delivering an integrated, high-quality, and technology-enabled hospitality experience. The partnership…
Al Marasem International for Urban Development has announced a strategic partnership with Kuwait’s “Bukhamseen” Group to launch a major real estate project within the Marville Project in New Sheikh Zayed under a new brand, MAResidence Signature Rotana, with investments approaching 19 Billion Egyptian Pounds. The “MAResidence Signature Rotana” project represents a new chapter in the long-standing collaboration between Al Marasem International and Rotana Hotel Management Group, which will manage and operate the project according to the highest international hospitality standards. This comes in response to the growing demand for fully integrated communities centered on quality of life and upscale modern…
Abu Dhabi-based Modon Holding and Montage Hotels & Resorts have announced Montage Ras El Hekma, which will introduce the first branded
Rayz Developments, the real estate arm of Al Shams Contracting and Engineering Works Company, announced the launch of its first multi-use project “BRX”
Hyde Park Developments, one of Egypt’s leading integrated community developers, has announced the launch of “Water Residences,”
Ezz Group for Development and Constructions has entered into a strategic partnership with Dubai Developments to launch La Courbe New Korba
Startup Sync, an integrated entrepreneurship platform active in Egypt and Saudi Arabia, has announced its strategic sponsorship
Startup Sync, an integrated entrepreneurship platform active in Egypt and Saudi Arabia, has announced its strategic sponsorship of the Business Lobby event, set to take place on Saturday, 9 May 2026, at the Heliopolis Library in Cairo, bringing together a select group of entrepreneurs, investors, and industry experts. The fifth edition of Business Lobby will take place as an interactive platform designed to foster meaningful collaboration among key players in the entrepreneurship ecosystem. The event aims to turn professional connections into real investment opportunities and scalable partnerships, in line with its vision of redefining modern business communities. The event marks…
Sky Abu Dhabi Developments, one of the leading UAE real estate developers in the Egyptian market and a subsidiary of Diamond Group
Fury Energy Drink has announced the signing of a three-year partnership agreement with Zamalek Sporting Club, under which it becomes
The Cityscape 2026 Steering Committee held an official meeting bringing together a distinguished group of senior government officials
Al Ismaelia for Real Estate Investment has secured financing from the European Bank for Reconstruction and Development (EBRD)