
Oriental Weavers launches world's first phygital carpet retail store in Egypt
The store combines physical product exploration with interactive digital technologies, setting a new global benchmark for the carpet industry, according to a press release.
The 250-square-meter flagship store blends immersive design visualization tools, AI-driven customization, interactive sampling zones, and sensory experiences.
From real-time design visualization and immersive projection to AI-powered customization, the OW Haptech store caters to modern consumers' growing demand for creativity, convenience, and personalization.
Commenting on the launch, Yasmine Khamis, Chair of Oriental Weavers Carpets, said: 'With a presence in over 118 countries and operations spanning 27 factories in Egypt and the US, we are proud to be a symbol of 'Made in Egypt' excellence.'
This comes as part of Oriental Weavers' broader investment in digital retail transformation, smart manufacturing, and sustainable materials.
On 7 April 2025, at its Ordinary General Meeting (OGM), Oriental Weavers' shareholders approved cash dividends worth EGP 1.06 billion for 2024.
Syndigate.info).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
5 minutes ago
- Zawya
Tatweer Misr launches its first hospitality brand, 'Bay House,' in strategic collaboration with Brassbell Hospitality Group
Cairo, Egypt – Tatweer Misr, a leading real estate developer in Egypt, has officially announced the launch of its first hospitality brand, Bay House, in strategic collaboration with Brassbell Hospitality Group, a company renowned for its smart hospitality solutions. This launch reflects Tatweer Misr's continued commitment to delivering added value and an integrated, elevated experience across its developments. Bayhouse is currently available in the company's North Coast projects, D- Bay & Fouka Bay. This step aims to extend a premium hospitality experience across Egypt's most prominent integrated urban communities. The introduction of Bay House highlights Tatweer Misr's dedication to meeting the evolving needs of its clients by offering innovative, lifestyle-enhancing hospitality services. The collaboration with Brassbell Hospitality group—a market leader in upscale serviced apartments and boutique hotels across Egypt and Saudi Arabia—demonstrates Tatweer Misr's commitment to maintaining the highest standards of quality and excellence across all touchpoints. The decision to partner with Brassbell hospitality group is driven by the company's proven ability to deliver advanced hospitality solutions that merge professional property management with commercial expertise. With a data-driven operational model supported by modern technologies, Brassbell ensures high operational efficiency and a superior guest experience—an approach that aligns seamlessly with Tatweer Misr's vision of maximizing investment value and delivering world-class standards across its developments. 'The launch of Bay House marks a pivotal leap in the experience we offer our clients across our projects. Our goal is to deliver hospitality services that meet international standards—elevating residents' lifestyle—while simultaneously maximizing investment returns for unit owners. Expanding into the hospitality sector is an integral part of our strategy to diversify Tatweer Misr's investment portfolio, enrich the value we provide to investors, and respond to the market's growing demand for integrated living experiences that combine housing, investment, and services,' — Dr. Ahmed Shalaby, President & CEO of Tatweer Misr. 'Our collaboration with Tatweer Misr marks the beginning of a long-term strategic alliance aimed at redefining standards in hospitality and integrated living along Egypt's North Coast. By combining Tatweer Misr's visionary developments with Brassbell's hospitality expertise, we are committed to delivering exceptional value and seamless experiences to residents, investors, and guests. Bay House by Brassbell stands as a testament to this partnership, offering tailored hospitality that enriches coastal living and unlocks elevated lifestyle opportunities.' — Mr. Ahmed Ibrahim, CEO of Brassbell Hospitality Group. As a cornerstone of Tatweer Misr's broader diversification strategy, Bay House is expected to significantly boost occupancy rates through hotel-grade property management that ensures the preservation of unit quality and facilities. By offering services comparable to those of international hotels, this initiative will enable property owners to benefit from a consistent income stream while sustaining the long-term value of their assets. Brassbell's selection as the operating partner for Bay House is underpinned by its wide-ranging portfolio, which includes boutique hotels, serviced apartments, and tech-enabled property management. The company is a leading entity in the serviced apartment market, managing 26 properties, with an ambitious target to reach 1,200 units by the end of 2025. To date, Brassbell has hosted over 400,000 guests across 780+ active units in hospitality destinations such as Zamalek, Downtown Cairo, Alexandria, Hurghada, the North Coast and Jeddah. Building on its vertically integrated approach, BHG leads every stage of the hospitality journey—from curating unique concepts to developing, operating, and managing experience-led destinations. Through this partnership with Tatweer Misr, BHG continues to solidify its position as a forward-thinking hospitality operator, delivering world-class hotel experiences with a local identity, and shaping the future of hospitality in Egypt and the region. About Tatweer Misr Established in 2014, Tatweer Misr is a leading Egyptian shareholding company with a vertically integrated business model spanning multiple development sectors. Driven by a visionary approach, the company is committed to developing sustainable, smart urban communities that set new benchmarks in real estate development. Innovation lies at the heart of Tatweer Misr's DNA, shaping every facet of the business, from master planning and design to construction, smart infrastructure, and community living. This commitment is further strengthened by the company's alignment with global sustainability practices and ESG principles, ensuring responsible, future-focused growth. Tatweer Misr brings this vision to life through a portfolio of six iconic projects that have established its footprint across Egypt's most strategic locations. These include the award-winning IL Monte Galala on the Red Sea; North Coast landmarks Fouka Bay, D-Bay, and Salt, each redefining coastal living; Bloomfields, a mixed-use, first-home community in Mostakbal City, East Cairo; and Rivers, an upscale residential development in West Cairo, each designed to redefine modern, sustainable living. Through its visionary developments, operational excellence, and people-first values, Tatweer Misr continues to shape a smarter, more sustainable future for Egypt's real estate landscape. About Brassbell Hospitality Group Brassbell Hospitality Group (BHG) is a next-generation hospitality and lifestyle developer-operator based in Egypt, with an expanding footprint across the region. Focused on transforming real estate into exceptional, experience-led destinations, BHG operates a vertically integrated model that spans development, design, operations, technology, and asset management — offering end-to-end solutions that align creative vision with commercial performance. Its portfolio includes boutique hotels, branded residences, and serviced apartments in key markets across Egypt and the region, with active properties in Cairo, the North Coast, and Jeddah. In addition to operating assets, Brassbell is a concept curator and brand creator, developing original hospitality IPs that respond to evolving travel, wellness, and lifestyle trends. Technology and innovation are central to BHG's operating model, with smart, data-driven platforms that enhance efficiency, scalability, and guest experience. From reviving heritage landmarks to building new coastal retreats, Brassbell delivers hospitality with soul, precision, and long-term value. As one of the region's most dynamic and design-forward players, Brassbell is shaping the future of hospitality in Egypt and the wider Middle East — rooted in place, powered by innovation, and driven by impact.


Zawya
5 minutes ago
- Zawya
TBK Developments forms strategic partnerships with global experts
Cairo, Egypt – TBK Developments, the real estate development arm of Tabarak Holding Group, has announced strategic design partnerships with two globally renowned firms specializing in urban planning and sustainable architecture. These collaborations aim to deliver two landmark projects in East and West Cairo, underscoring TBK Developments' commitment to reshaping modern urban living through innovation, integration, and human-centered design. In line with its vision to bring global best practices into the Egyptian market, TBK Developments is partnering with RECS Architects, the Italian firm known for its expertise in smart city planning and community-centric urban design, to lead the master planning of the 'Heliopolis' project in East Cairo. Spanning 240,000 square meters, the project will offer a contemporary urban model that harmonizes modern aesthetics with local character, contributing to the revitalization of one of Cairo's most dynamic districts. In West Cairo, TBK Developments is collaborating with HHCP Design Innovations, a leading U.S.-based architectural firm with over six decades of international experience, to bring to life the 'Sphinx City' project, a major development covering 800 feddans. Known for its future-focused approach to sustainable urbanism, HHCP will help create a next-generation community rooted in smart design, wellness, and environmental balance. These partnerships reflect TBK's strategy to deliver forward-thinking urban destinations that serve both residential and investment aspirations, while reinforcing Egypt's position as a regional leader in sustainable and integrated development. Ali Al Shorbany, Chairman of Tabarak Holding Group and TBK Developments, commented: 'At TBK Developments, we believe real estate excellence goes beyond delivering quality designs — it's about reshaping the very concept of community living. Our vision is to create integrated projects that serve a broad spectrum of needs, from space and lifestyle to long-term investment potential. These global partnerships embody our mission to exchange knowledge and develop urban solutions that enhance Egypt's position on the regional and global development map, particularly amid the country's growing urban expansion in East and West Cairo.' He added: 'At Tabarak Holding, we see development as a long-term responsibility — one that transforms landscapes, creates value, and reflects Egypt's potential as a smart and sustainable regional hub.' Eng. Bassem Al Shorbany, Vice President of Tabarak Holding Group and TBK Developments, also noted: 'These collaborations mark a pivotal milestone in our journey to deliver urban models that reflect the full potential of smart, future-ready communities. We're not just building homes — we're designing ecosystems that integrate green technologies, functional infrastructure, and seamless harmony between living, working, and recreational experiences. This is how we ensure the long-term value of our developments.' Heliopolis: A Mixed-Use Urban Vision. The Heliopolis project will offer a variety of units designed to accommodate diverse lifestyles — from luxurious residential apartments and hotel-style residences to administrative and medical facilities. The masterplan will also feature thoughtfully designed green areas, recreational spaces, and a seamless service network that ensures both residents and visitors experience urban convenience at its best. Sphinx Project in Sphinx City: A Sustainable Living Experience. Sphinx City will embody a holistic living concept inspired by nature, wellness, and openness. Designed around green zones and outdoor accessibility, the project will feature a variety of villa types and premium hotel apartments, complemented by strategically located clubhouses, schools, medical facilities, and recreational zones. Every element has been curated to promote a vibrant, integrated lifestyle from the ground up. About TBK Developments: Founded in 2019, TBK Developments is the newest development arm of Tabarak Holding Group and a rising player in Egypt's real estate sector. The company focuses on creating integrated residential, administrative, and commercial projects that combine aesthetic excellence with sustainability. With a land portfolio exceeding 4.5 million square meters, TBK Developments is committed to meeting diverse customer aspirations while maximizing long-term investment value. Its flagship project, 90 Avenue in New Cairo, exemplifies the company's ethos of delivering world-class living environments built on luxury, comfort, and innovation. About Tabarak Holding Group: Over 47 years, Tabarak Holding Group is one of Egypt's most enduring real estate developers. With a wide portfolio of subsidiaries — including Tabarak International, Tabarak Developments, and TBK Developments — the Group offers integrated real estate solutions across residential, commercial, and tourism sectors. Tabarak's strategic land bank exceeds 4.5 million square meters across prime locations in Egypt and Saudi Arabia. Driven by a legacy of quality and sustainability, the Group continues to build future-ready communities while enhancing its regional footprint.


Zawya
an hour ago
- Zawya
FABMISR launches "Al Oula" – A milestone for women's financial empowerment
Fayed: This launch goes beyond banking; it's about building a platform that truly understands and supports women's evolving needs Cairo – First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, has launched Al Oula, a banking segment crafted to champion women's financial empowerment. This initiative delivers tailored financial solutions for women, combining superior savings benefits with curated lifestyle rewards, further redefining how women in Egypt experience financial services. FABMISR is committed to empowering women by offering financial solutions that align with their aspirations and lifestyles. The Al Oula Savings Account has been thoughtfully designed to provide women with accessible and rewarding banking benefits. With a low entry requirement of just EGP 1,000 to open the account and no minimum balance fees, Al Oula makes saving easier and more inclusive. Account holders also benefit from a free Credit Card packed with exclusive features tailored to women's everyday spending habits. These benefits include special discounts at beauty salons, clinics, online platforms, and more. Additionally, the card offers accelerated reward points on grocery shopping, food delivery services, and ride-hailing apps, adding everyday value to every transaction. Mr. Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, commented: 'This launch goes beyond banking, it's about building a platform that truly understands and supports women's evolving needs, an area that remains underdeveloped in Egypt's financial landscape. With a clear gap in targeted financial offerings, Al Oula is positioned as a first mover in women-focused services. By combining seamless digital onboarding with tailored benefits and lifestyle-driven rewards, we're offering a modern banking experience that empowers women throughout their financial journey.' Women's financial inclusion remains a national priority, aligned with the Egyptian government's broader agenda to advance economic empowerment. According to the Central Bank of Egypt, the number of financially included women rose from 20.3 million to 20.5 million between December 2023 and March 2024, out of a total of 32.3 million. Al Oula stands at the forefront of these efforts, further contributing to the inclusion of an additional 12 million women in the financial inclusion system. About FABMISR: FABMISR, a subsidiary of the First Abu Dhabi Bank Group (FAB), is one of the largest foreign banks operating in Egypt. FABMISR's local network operates through 73 branches, where it provides leading banking products and services that cater to all customer segments; along with achieving the highest value for its stakeholders and employees. Moreover, the bank offers a personalized banking experience to meet the various expectations of its customers from large organizations, SMEs and consumers whilst utilizing its global experience to support stakeholders, entrepreneurs and the local economy. FAB is one of the world's largest and safest financial institutions with an international network spanning over five continents. The bank also offers global relationships, extensive experience, and financial strength to support local, regional, and international companies seeking to manage their businesses at home and abroad. FAB is rated Aa3, AA- and AA- by Moody's, Standard & Poor's (S&P, and Fitch, respectively), making it the most robust aggregate rating of banks in the Middle East and North Africa region. FAB is also a regional leader in sustainability and is part of the MSCI ESG Leaders Index and FTSE4Good EM. For more information on FABMISR, please visit