Gov’t to launch real estate tax app in April

The Finance Ministry plans to roll out a mobile application in mid-April offering end-to-end real estate tax services — from registration to payment — as part of a broader push to digitalize and simplify tax procedures, according to a statement from the Egyptian Tax Authority.

Why this matters: The move is part of a broader push to ease compliance, improve service delivery, and encourage businesses to join the tax system. The initiative aims to broaden the tax base so the country can bring in a planned EGP 3 tn in taxes and fees in the next fiscal year — contributing some three quarters of total revenues. With rising global energy prices and other knock-on effects from the war on Iran squeezing state coffers, the state will likely increase its focus on finding ways to to increase tax revenues in the months to come.

Eni plans USD 2 bn investment push in Egypt

Italy's Eni is planning to invest USD 2 bn in Egypt during 2026 to expand exploration and ramp up production from existing gas fields, CEO Guido Brusco told Prime Minister Mostafa Madbouly on the sidelines of the Egypt Energy Show, according to a cabinet statement.

A EUR 600 mn medical hub in the pipeline

New Cairo is getting a medical hub: Midar Investment and Urban Development has signed an MoU with Italy’s Gruppo GKSD to set up an integrated medical hub in New Cairo’s Mada City with an investment of EUR 500 mn to 600 mn, according to a press release (pdf).

The project covers healthcare, research, and education. It will include a hospital with a 500-bed capacity, a meds facility that can accommodate up to 5k students, and a research and training center.

Orascom Construction sees revenues and net income surge in 2025

Orascom Construction reported a 65.1% y-o-y increase in net income to USD 194.8 mn in 2025, while revenues climbed 55.1% y-o-y to USD 5.0 bn, according to its latest earnings release (pdf). Growth was driven by progress across major projects in Egypt, the UAE, Saudi Arabia, and the US, alongside stronger performance across all operating segments and contributions from BESIX.

The company’s construction backlog reached its highest-ever year-end level, rising 18.9% to USD 9.0 bn. The company attributed the growth to its “continued focus on critical infrastructure sectors such as power, water, renewable energy, transportation, and data centers, where investment demand across our core geographic markets remains robust.” Also driving growth was an 80.6% increase in its US backlog to now account for 32.1% of the total across all geographies. Over the same period, new awards rose 86.6% y-o-y to USD 5.6 bn.

Rameda revenues up 48% in 2025, but bottom line down

Rameda reported a 48% y-o-y increase in revenues to EGP 4.1 bn in 2025, the pharma company said in its latest earnings release (pdf). Growth was driven by a 37% jump in private sales on the back of better product availability and repricing, while tender sales grew 131% as the Unified Procurement Authority normalized its procurement activity. Exports increased 71% due to regional expansion and recovery in Iraq, its main export market.

Despite this, net income fell 22% y-o-y to EGP 313 mn for the 12-month period, weighed down by a one-off EGP 99 mn provision tied to receivables and a 73% rise in financing costs.

Halan closes EGP 2.2 bn securitization issuance

Consumer Finance player Halan raised EGP 2.2 bn via a securitized bond issuance as part of a broader EGP 11.5 bn securitization program, according to a statement (pdf) from Matouk Bassiouny & Hennawy, which acted as counsel on the transaction. The bond was rated by Meris, while CI Capital served as financial advisor, Baker Tilly as auditor, and Capital Securitization was the securitization vehicle.

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