THE CITY, IN FOCUS
Cairo, in the news.
New openings, useful updates and stories from around the city.
23 articles
EBRD-led $265m loan backs new Grand Hyatt overlooking Giza's pyramids and Grand Egyptian Museum
ADD Properties, the hospitality developer of Sami Saad Holding, has lined up a USD 265 million syndicated loan led by the European Bank for Reconstruction and Development, anchored by a new Grand Hyatt hotel on the Giza Plateau overlooking the Grand Egyptian Museum and the pyramids, announced on 31 October 2026.
Pyramids stay perfect after eight rounds as Al Ahly and Zamalek keep the Egyptian title race alive
Round 8 of the Egyptian Premier League 2026-27 closed on Saturday 31 October 2026 with Pyramids on a perfect 24 points from eight wins, Al Ahly second on 20 points and Zamalek third on 19, after all three won their round-8 matches by a single goal.
Ministry of Labor opens 5,745 private-sector jobs across 17 governorates, including Cairo and Giza
Egypt's Ministry of Labor announced on Sunday 1 November 2026 a new weekly employment bulletin with 5,745 jobs from 72 private-sector companies in 17 governorates, including Cairo, Giza and Qalyubia, with applications during the first week of November through labour directorates, the ministry's employment department in Nasr City, or the companies themselves.
Crocodile from the rock that built the Sphinx gets a new name after a century of mistaken identity
A fossil skull collected in the 1920s from the Mokattam Formation near Cairo, long filed under the false gharial, has been reclassified as a new genus and species, Herugavialis cairensis, after CT scans revealed differences including raised rims around the eye sockets.
Cairo banks begin reviewing savings rates as the Central Bank's first hike since 2024 takes effect
From today, Sunday 1 November 2026, banks in Cairo are reviewing savings and deposit rates after the Central Bank of Egypt raised key rates by 100 basis points on Thursday — but no bank has yet announced a new fixed-rate certificate, and variable-rate certificates are the only ones that move automatically.
Government to reconsider social aid for residents in the path of Greater Cairo's Ring Road widening
At its 28 October meeting, the Cabinet asked the Egyptian General Authority for Survey to reconsider the social aid due to residents and occupants of buildings that conflict with completing the Ring Road development around Greater Cairo. No new amount, rate of increase, number of families or completion date was announced.
Breaking news: the IMF's final review is under way in Cairo — $2.3 billion, a 15 December deadline, and no new programme after it
An IMF mission in Cairo this week is holding the final reviews of Egypt's $8 billion programme, with a staff-level agreement targeted before the facility expires on 15 December — and the government says what follows will be its own plan, not another IMF programme.
Breaking news: Egypt's central bank surprises markets with its first rate hike since 2024 — deposit rate to 20%, lending to 21%
On Thursday 29 October, the Central Bank of Egypt raised its key rates by one percentage point, days after the pound hit a record EGP 56 to the dollar — surprising analysts who had expected a hold, and splitting the impact between floating-rate savers and borrowers and fixed-rate products that have not moved.
Cairo news: the hacked billboard on the 26 July Corridor — what the ministry confirmed, what was claimed, and what is still unknown
On Thursday 29 October, a large electronic billboard on the 26 July Corridor in Giza broadcast explicit footage after what the Interior Ministry called an international cyberattack — and the two explanations of how it happened have not yet been reconciled.
Al Rehab City: investors put EGP 1.77 billion behind its shops in October — what the fund deal means, and what it doesn't
In October 2026, the Awaed Real Estate Investment Fund raised EGP 1.77 billion in a fully subscribed second issuance targeting income-generating commercial assets in Al Rehab and Madinaty — the first time the fund has turned to Rehab, the oldest of TMG's New Cairo cities.
Sports: Show jumping makes history at the Pyramids — Devos wins Cairo's first €1m Grand Prix as Saïd is crowned champion
From 22 to 24 October, the Longines Global Champions Tour debuted at the Pyramids of Giza: Pieter Devos won the inaugural €1 million Grand Prix of Cairo, Riesenbeck International sealed the team title, and Abdel Saïd was crowned 2026 champion with a stage to spare.
Business: Vietnam's FPT opens its first Africa office in New Cairo — 60 engineers to start, 500 in sight
On 14 October, Vietnamese tech group FPT opened a nearshore centre at Cairo Festival City, its first office in Africa, starting with more than 60 Egyptian engineers and Gulf clients already on board, with France named as the next market.