DNE Awards honours MCDR for its efforts in providing various services to the financial markets

Daily News Egypt
5 Min Read

Daily News Egypt honoured Misr for Central Clearing, Depository and Registry (MCDR) as the most influential player in the Egyptian financial market and economy. The award was received by Khaled Rashed, MCDR Managing Director. The inaugural Daily News Egypt annual summit and DNE Awards were held on 15 March at St. Regis Cairo Hotel.

The company achieved a record rise in net profits, and for the third consecutive quarter in 2022, by up to 63% compared to the same period in 2021, as the company’s financial statements showed that a net profit of about EGP 679m was achieved, compared to about EGP 417m in net profits for the same period in the previous year.

This came as a result of the optimal use of available funds to invest in risk-free investment tools, as investment revenues amounted to EGP 270m.

The DNE Awards & Summit were held under the auspices of the Ministry of Planning and Economic Development, the Ministry of Tourism and Antiquities, and the Egyptian Tourism Promotion Board (ETPB).

The summit, titled “Leadership in Times of Crisis”, addressed the economic reform process in Egypt, and it shed light on the deals, ideas, and visions that have made a difference in all fields. Additionally, DNE Awards honoured the most influential people and firms in Egypt during 2022/23.

The DNE Awards & Summit event provided a platform to listen to the leaders who challenged crises and overcame several obstacles and review investment opportunities in Egypt.

DNE honoured Dr Mahmoud Mohieldin, the High-Level Climate Champion for COP27, Office of the UN Special Envoy on Financing the 2030 Agenda for Sustainable Development, as the most influential personality of the year.
DNE Awards & Summit included two-panel discussion and keynote speeches, with the participation of UN Resident Coordinator in Egypt Elena Panova, Head of the European Union Delegation to Egypt Christian Berger, British Ambassador to Egypt Gareth Bayley, Korean Ambassador to Egypt Hong Jin Wook, Chairperson of the Financial Regulatory Authority Mohamed Farid, CEO of The Sovereign Fund of Egypt Ayman Soliman, Chairperson of the Egyptian Exchange Rami El-Dokany, MCDR Managing Director Khaled Rashed.

The DNE Awards & Summit included the most influential companies, leaders of Egyptian institutions, ideas, and personalities with an international presence. It will also witness the participation of government representatives, ambassadors, and international institutions in Egypt, as well as culture and thought makers, thought and opinion leaders, and technology developers whose opinions shape society and lead it to the future.
Daily News Egypt has become the most favourable newspaper among the country’s elites, thinkers, politicians, and economists. Over the past 18 years, which is the age of the paper, Daily News Egypt has succeeded in setting new standards in the Egyptian press market.
It presented a model that is now followed by many in the market, through the credibility it built in its reporting. This credibility springs from the separation between its editorial line and advertising in the newspaper, as well as its impartiality in delivering news and information, without any bias in favour of any particular trend or current.
That’s why Daily News Egypt shed light on success stories in Egypt, at a time when people are looking for inspiration.

DNE Awards & Summit also provided a platform to listen to the leaders who challenged crises and overcame several obstacles. They will tell the story of how they became the most influential and difference-makers in their fields, and this is by honouring them and showcasing their experiences.
The event was organized by Media Avenue and is sponsored by Dorra Group as the Main Sponsor, Commercial International Bank (CIB) as the Platinum Sponsor, Bullion Trading Center and Saudi Egyptian Developers as Golden Sponsors.
Also, eFinance, Dolato, and Pickalbatros Hotels & Resort as Silver Sponsors.
The DNE Awards & Summit media sponsors included Forbes Middle East, Al Mal newspaper, Hapi newspaper, Cairo 24, Economyplus, Alborsa newspaper, ‘Benok w Estithmar’, Rowad Al Aamal Magazine, and Egypt Automotive.

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