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HOSPITALITY-

Our friends at real estate developer Marakez signed an agreement with CredenceHospitality Developments to develop and operate Urbane, a new urban business hotel in New Cairo’s District 5, according to a press release (pdf). The 100-key project will include “state-of-the-art meeting rooms, a conference hall, a rooftop restaurant, retail outlets, a spa, and outdoor sports facilities.” The project is slated to open in early 2027.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

DIPLOMACY-

Madbouly, UAE ministers discuss joint projects: Prime Minister Moustafa Madbouly met with the Emirati minister of industry and investment to review progress on joint projects, including the industrial projects being set up in Ras El Hekma, according to a statement. The discussion also covered the latest on joint energy, data centers, and renewable energy projects, as well as airport management.

POLICY-

The Political Affairs Committee held its first meeting yesterday, which saw its members — headed by Prime Minister Moustafa Madbouly — discuss regional developments and national security concerns, according to a cabinet statement. The discussion covered Egypt’s diplomatic efforts, including President Abdel Fattah El Sisi’s phone call with US President Donald Trump and the ministerial meeting on Palestine Egypt hosted over the weekend.

Political Affairs Committee? The committee is one of six newly-formed advisory committees that will work to ensure continued and deepened communication between policymakers and the private sector as the state pushes its reform drive into the new year. We put together a rundown of the committees and their members after the news broke last week. Read the story here.

ENERGY-

The Oil Ministry increased natural gas supplies allocated for the industrial sector by 10% in 1H 2025, an unnamed government official told Al Arabiya. The notoriously energy-intensive sector — accounting for around a quarter of the country’s gas use — draws around 1.6 bn cubic feet of gas per day, according to the source.

Export-orientated industries are prioritized for receiving gas supplies, with industries like petrochemicals that open up FX revenues reportedly being at the front of the line.

INVESTMENT-

Ugreen steps foot into Egypt: Electronics and mobile accessories manufacturer Ugreen, in collaboration with Blooms Group, has officially launched in Egypt with a USD 5 mn investment, according to a statement (pdf). The company will offer a range of power banks and audio devices, with more devices to be introduced later this year.

MANUFACTURING-

Fresh has three new component factories in the pipeline: Home appliance manufacturer Fresh is planning to set up three component manufacturing plants with combined investments exceeding EGP 200 mn, Al Borsa reports. The company expects to have the factories up and running next year.

DEBT-

Agrana Nile Fruits secures EUR 3 mn loan from EBRD: Agrana Nile Fruits, a JV between Austrian food company Agrana and the UAE’s Naama Investment Holding, secured a senior unsecured loan of up to EUR 3 mn from the European Bank for Reconstruction and Development (EBRD), according to a bank website. The funds will be used to finance a new production line and refurbish the company’s Obour City factory, increasing annual production capacity and expanding its export base.

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