Attijariwafa bank Egypt posts record net profit of EGP 913.1m in 1H 2023
Attijariwafa bank Egypt has announced a record net profit of EGP 913.1m in the first half (1H) of 2023, up by 146.6% from the same period last year, when it…
CBE reports 12.7% rise in domestic liquidity in seven months
Non-governmental deposits in local currency reach EGP 5.791trn
CBE assets soar by 50% in one year to EGP 4.480trn
Bank’s contributions to capital of international financial organisations increased to EGP 19.378bn,
Number of mental health facilities in Egypt increases to 192
The number of medical facilities licensed to treat people with mental illnesses and addiction in Egypt has increased to 192 from the beginning of June until the end of August…
Austrian Kronospan plans to set up wood panel factory in Egypt with $50m investment
The Industrial Development Authority (IDA) is in talks with the Austrian Kronospan, a leading producer of wood panels, flooring, and MDF fiberboard, to allocate a plot of land for the…
EGX breaks historical records, eyes more gains in coming weeks
EGX30 targets historic peaks amounting to 19,700 points next month: Abdel Fattah
CBE forms work committees to study launching digital currency
The Central Bank of Egypt (CBE) has announced that it has formed work committees from all relevant ministries and national authorities, under its chairmanship, to study the possibility of launching…
Cybercrime experts forecast more challenging times ahead for enterprises in Africa
Cybercrime experts are forecasting more challenging times ahead as threat actors exploit emerging innovations to launch sophisticated cyber attacks in Africa. Driven by heightened technological advancements such as artificial intelligence…
Top 10 brokerages control over half of EGX trading in 8M 2023
The Egyptian Exchange (EGX) witnessed a concentration of trading among the top 10 brokerage companies in the first eight months of this year, as they accounted for 51.4% of the…
EBRD, IFC to advise on water desalination projects in Egypt
The Egyptian government has selected the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) as financial advisors for a series of water desalination projects proposed…
