Global consortium pitches USD 5 bn medical cities for New Capital and New Alamein

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The industrial grace-period story is a key read.

The North Coast property sweep is the opening move to something bigger.

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New cities, new medical cities

A global private-sector consortium is planning to invest more than USD 5 bn to build two integrated medical cities in the New Capital and New Alamein cabinet statement

Citizens have a share:

Ezz Elarab Elsewedy Investments (ESI) signed a EGP 5 bn partnership with Chery-owned auto brands Omoda and Jaecoo to assemble their models locally.

The partnership is targeting higher local-content levels and a domestic supplier base, alongside technology transfer and future exports.

IN CONTEXT- late 2024 in February 2025

One company, one number

Banks have until December 2026 to complete profiles for all corporate borrowers in the Central Bank of Egypt’s (CBE) corporate national database CBE circular (pdf)

The unified commercial registry number will serve as the primary key to link corporate data across the financial system.

IN CONTEXT- earlier this year

USD 56.29 bn — that’s where our net foreign reserves stood at the end of July central bank data USD 1.94 bn jump recorded in June

It’s a few degrees cooler in Alexandria

The big story abroad

The latest from the regional war is dominating headlines this morning. reached an agreement

IN CONTEXT- reiterated

This does not mean the war is over: threatened

And over on Wall Street: targeted major Wall Street financial services firms

AI leadership shakeup: has stepped down