Telecom Egypt reports EGP 6.7bn profits in 1H 2023
Telecom Egypt (TE) made profits worth EGP 6.7bn during the first half (1H) of this year, according to the company's business results. The company's total revenues amounted to EGP 28.1bn,…
Suez Canal Bank announces 134% increase in net profit to EGP 628m during 1H 2023
Suez Canal Bank’s general assembly approves increasing paid-up capital to EGP 5bn to comply with CBE’s minimum capital requirements
Sudan’s Al-Burhan says country faces biggest conspiracy in its modern history
Sudan's military chief, General Abdel Fattah Al-Burhan, said the country is facing the biggest conspiracy in its modern history, and that the armed forces will stand with the people to…
Egypt launches US Dollar-denominated pension plan for expatriates
Second phase of Tomorrow's Pension plan to target US Dollar account holders in Egypt
Parents of Coventry University Egypt students object to ” illegal tuition hike”
Parents of students at Coventry University's Egypt branch have submitted an official objection to the university's decision to increase annual tuition fees by more than 100%. The parents say the…
Talaat Moustafa Group hotels revenues soar by 90% in 1H 2023
Talaat Moustafa Group (TMG) announced that the group’s hotels achieved revenues of about EGP 1.84bn in the first half of 2023 (1H 2023), with a growth rate of 90% year-on-year,…
Russia’s bombers fly over neutral Arctic waters
Russia's long-range bombers flew over neutral waters of the Arctic Ocean and the Baltic Sea on Monday, according to the country's defence ministry. The Tu-160 and Tu-95MS strategic missile carriers…
Knight Frank expands into Egypt with Cairo office
Knight Frank, the leading global property consultancy, announced the launch of its first office in Egypt. The new office is located in the heart of Cairo, in the Zamalek district,…
Arab youth see religion, family as key to identity
Over half (54%) of Arab youth say the Arabic language is less important to them than it is to their parents
ACUD to offer 5-feddanland plots in New Capital’s 1st phase by September
Egypt's Administrative Capital for Urban Development (ACUD) has said that it intends to offer about 5,000 feddan in the first phase of New Administrative Capital (NAC) by September after it…