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Banque Misr says pretax profit grows to EGP 40.8 billion in 2022
Egypt’s second largest public bank, Banque Misr said on Tuesday its profit before income tax had surged to 40.8…
Egyptian Exchange briefing 22/08/2023
The Egyptian Exchange closed high on Tuesday with the main index, EGX 30, rising by 1.65 percent to 18,216.63,…
Egypt’s net FDI records $66.7bln over past 10 years – CAPMAS
Egypt’s net foreign direct investment (FDI) has reached $66.7 billion over the past ten years, according to Central…
Cheiron unveils new oil discovery in Egypt’s Gulf of Suez
Egypt's largest independent E&P company Cherion has unveiled a new petroleum detection in the Geisum and Tawila…
Egypt’s central bank refutes media reports on United Bank sale
Egypt’s central bank has on Monday refuted all “unsupported” media reports circulating a due diligence process for…
Egyptian Exchange briefing 21/08/2023
The Egyptian Exchange closed low on Monday with the main index, EGX 30, falling by -0.63 percent to 17,920.48,…
Egypt, Nigeria, Algeria to lead Africa’s gas supply market until 2027
Egypt, Nigeria, and Algeria are expected to dominate the African natural gas and liquefied natural gas (LNG) supply…
Crédit Agricole Egypt denies talk of due diligence on United Bank
Crédit Agricole Egypt denied a report on Monday it was undertaking due diligence on the potential acquisition of…
Dubai targets 100% recycled water use by 2030
Dubai has set itself a target of increasing the use of desalinated water and related power consumption by 30…
Egypt’s exports to BRICS countries surge to $4.9 bln
Egypt's exports to BRICS countries reached $4.9 billion in 2022, up from $4.6 billion in 2021, recording an…