Perpetrator of NCI blast identified, security kills 15 collaborators in shootout
The criminal record of Abdel Rahman, 24, was attached to the Interior Ministry’s statement showing that he had been one of the wanted fugitives sought by the Egyptian police in…
Cyrill Nunn appointed as new German ambassador to Egypt
Nunn, who previously served as Germany's ambassador to Iraq, expressed his happiness to have the opportunity to represent Germany in Egypt, according to a statement by the German embassy in…
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 during the same period.
MNHD revenues record EGP 1.089bn in 1H 2019
Despite the strategic postponement of new launches in Taj City to the third quarter of 2019 ( already launched), MNHD recorded consolidated net profit of EGP 511m in 1H 2019…
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 to go ahead with slashing fuel subsidies, lifting petrol and diesel prices by about 17-30%.
Match Group acquires matchmacking Harmonica app
Match Group announced that it acquired Cairo-based Harmonica, a matchmaking application.
El Shams Housing to start construction of Solana project in NAC end-August
Project will be self-financed by EGP 3.4bn from the company's liquidity and sales of residential units
Palm Hills debuts Mazeej Hotel on 4,000sqm in North Coast
The hotel is a collaboration with Palm Hills Developments and G’nK Hospitality to comply with the national strategy to promote and facilitate international tourism, according to the issued press statement.
RG Investment merged into GB Auto as part of restructuring
GB Auto revenues fell 6.3% y-o-y to EGP 5.65bn in 2Q19, with EGP 8.9m net losses
Suez Canal revenues hike by 5.4% to reach $5.9bn in FY2018/19
Mamish revealed in a press conference on Tuesday evening that $25bn was invested in the Suez Canal Economic Zone (SCZone), across 192 projects that have been carried out.