Posted inAlso on our Radar

Fawry Business taps Congineer to plug PoS payments into Retail Pro

Plus: NUCA banks EGP 26 bn in North Coast regularization fees between June 2025 and August 2026

Fawry Business inked an agreement with business tech provider Congineer to connect its PoS terminals and payment services to Retail Pro’s business management software, according to a press release (pdf). The tie-up will allow vendors running Retail Pro software through Congineer to manage sales and take in-store payments under one system, on either Fawry or Congineer PoS devices, as well as grant access to Fawry Business’ payroll portal.

REMEMBER- This is Fawry’s third agreement of this kind since July, after tie-ups with Crystal Mind’s payments arm Crystal Pay in July and medical software provider DMS in early September.

Sand, sea, and land settlement

The New Urban Communities Authority (Nuca) collected EGP 26 bn (USD 500 mn) from developers and landholders regularizing their land on the Alexandria-Matrouh road on the North Coast between June 2025 and August 2026, Asharq Business reports, citing an unnamed government official.

Where this comes from: Back in 2020, Presidential Decree 361/2020 transferred roughly 707k feddans of the Western North Coast from a tangle of old authorities into Nuca’s jurisdiction. That transfer gave Nuca the footing to impose a unified master plan on a corridor that previously had none and demand that everyone holding land there go through a formal regularization process with new fees attached.

IN CONTEXT- The EGP 26 bn is the latest payoff in a fee campaign that kicked off last summer. Nuca froze new North Coast allocations in September 2025 to review pricing, then offered up to 50% off retroactive fees for projects approved before February 2024. In July, it rolled out another round of assignment fee cuts — but kept Western North Coast land out of most of the breaks.

Eight sailors freed

Eight Egyptian sailors kidnapped aboard the M/T Eureka off Somalia were released, according to a Foreign Ministry statement. The sailors had been held since 2 May off the coast of Puntland, with Egypt’s embassy in Mogadishu now arranging their return on the earliest available flight.

More on our radar

  • Neat Developments is entering the Egyptian real estate market with a pipeline of four projects valued between EGP 6-10 bn. Three are slated to launch in November, including an EGP 1.6 bn project next to Gezira Sporting Club, an EGP 1 bn project in Sheikh Zayed’s green belt, and an EGP 3 bn El Nozha project in Sheikh Zayed, followed by an EGP 2 bn medical project expected to launch in January. (Middle East News Agency)