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Infrastructure 
Hassan Allam Properties buys 110K sqm of El Gouna from Orascom Development for USD 37.4 mn. PLUS: Allianz Egypt, Tadweer, Chefaa, Luna, Didi
The sale is expected to attract investments in El Gouna’s infrastructure, amenities, and facilities
Macro Group sees an uptick in 3Q net income after a difficult 9M. PLUS: Al Baraka Bank’s net income up 51.9% y-o-y in 3Q
Macro’s revenues also fell 46% y-o-y to EGP 319 mn
The world is facing a historic dip in fertility rates, and Egypt is no exception
Most countries have fallen below replacement-level fertility of 2.1 children per woman
Vezeeta announces new innovation hub, Visa and Nymcard partnership, regional expansion plans
This is Visa’s first healthcare venture in Egypt and the region
Gov’t to offer private players 21 plots to set up hospitals. PLUS: News from Vantage Capital, Aleph Holding
The government wants to add 173k beds to the country’s residential capacity by 2030
Otsuka breaks ground on new USD 40 mn factory
The factory should be up and running by September 2025
A new investment zone, a new industrial zone and more approved by the cabinet
Cabinet approved the establishment of a new integrated investment zone in Abu Rawash
Redrafted Labor Act receives provisional approval from House committee. PLUS: News from Kazyon, Tez Tours, Huawei, B-Well
The redrafted bill will be sent to the cabinet for approval and then referred back to the House
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