Month: August 2019

SODIC reports EGP 2bn revenues in 1H19, a 92% growth

Gross profit grew 23% to hit EGP 630m during the period, reflecting…

Daily News Egypt

Lekela reaches financial close for its 1st wind farm in Egypt

Project to reduce more than 550,000 tonnes of carbon dioxide emissions per…

Daily News Egypt

Hilton, Alshaya Group partner to develop 70 Hampton by Hilton Hotels

With the first hotel expected to open in Kuwait in 2021, Alshaya…

Daily News Egypt

Missing Israeli soldier found dead in West Bank

In response to the incident, the Israeli Prime Minister Benjamin Netanyahu denounced…

Daily News Egypt

Egyptian, French foreign ministers discuss developing bilateral ties over phone

The two ministers asserted the distinguished Egyptian-French relations at all levels, and…

Daily News Egypt

Perpetrator of NCI blast identified, security kills 15 collaborators in shootout

The criminal record of Abdel Rahman, 24, was attached to the Interior…

Taha Sakr

Cyrill Nunn appointed as new German ambassador to Egypt

Nunn, who previously served as Germany's ambassador to Iraq, expressed his happiness…

Taha Sakr

EFG Hermes net profits up 49% y-o-y to record EGP 304m in 2Q19

The company achieved revenues of EGP 1.1bn, reflecting a 13% y-o-y increase…

Daily News Egypt

MNHD revenues record EGP 1.089bn in 1H 2019

Despite the strategic postponement of new launches in Taj City to the…

Daily News Egypt

Egypt’s headline inflation drops to 4-year low of 8.7%, core inflation retreats to 5.9%  in July

The announcement defied analyst expectations, as in July the Egyptian authorities decided…

Mohamed Samir