EFG Holding reports strong results for 2Q23, lifting top-line, bottom-line growth in 1H23 by 89% Y-o-Y
EFG Holding, the leading financial institution with a universal bank in Egypt and the leading investment bank franchise in Frontier and Emerging Markets (FEM), announced on Thursday its results for…
Opinion| The Egyptian economy and the way out
As Egypt continues to grapple with a deepening economic crisis, it is important to examine the underlying reasons for this crisis and to propose effective solutions to address it. It…
Opinion| IMF sounds alarm about grain crisis
Once again, a grain crisis hit the world as Russia refused to extend the Ukrainian grain agreement because the involved parties did not adhere to the quotas of poor and…
Horn of Africa reached a drought tipping point 11,700 years ago
New research published on Wednesday in Nature suggests that the Horn of Africa is likely to become even drier, not wetter in the future as predicted by most climate models.…
Egypt’s cabinet approves draft law on creating national real estate ID system
Egypt's cabinet on Wednesday approved a draft law to establish a national real estate ID system for properties to assist in government planning and development processes, the cabinet said in…
Dry conditions contribute to rapid spread and intensity of wildfires: Expert
The countries of the Mediterranean basin recently experienced devastating forest fires, which coincided with a severe heat wave that peaked at the end of July and early August. These fires…
Social Solidarity Ministry to offer EGP 160m worth of funding to 10k small, micro enterprises
Minister of Social Solidarity Nevine El-Kabbaj Wednesday announced the launch of the first phase of the irregular employment support programme, in cooperation with three NGOs. The first phase aims to…
Madinat Masr records EGP 580m in net profit during 1H 2023
Madinat Masr reported a 151% increase in net profit to EGP 580.2m during 1H 2023, compared to EGP 231.1m during the same period last year. The company's consolidated revenues increased…
Administrative Capital for Urban Development achieves EGP 19.8bn in PBT during 2022
Company pays EGP 3.7bn income taxes in 2022
CBE replaces 6 million pension cards with Meeza cards
25 banks issue 30 million Meeza cards until September 2022
