Banque du Caire’s profits record EGP 2.6bn in H1 2023
Bank continues to implement expansion strategy at steady pace, says Tarek Fayed
Lafarge Egypt aims to increase its sustainable contributions
Factory consists of five production lines with a capacity of 9.5 mn tons annually
25% of Middle East respondents identify inflation as primary concern: Survey
A comprehensive survey conducted by Cigna Healthcare, a leading global health services company, has found that rising inflation and the escalating cost of living are major concerns for employees worldwide.…
New BRICS members seek development opportunities
While hailing their inclusion into BRICS, the new member countries called for a fairer and balanced world order and hoped the bloc would boost development. At the just-concluded 15th BRICS…
CBE hosts African central banks for training on big data, AI
The Central Bank of Egypt (CBE) is hosting a training course on “Application of Big Data Analysis and Artificial Intelligence to Central Banking” in collaboration with the COMESA Monetary Institute…
CIB, GlobalCorp seal EGP 2.54bn securitized bond deal
Commercial International Bank (CIB), Al Ahly Pharos, and GlobalCorp have completed a securitized bond issuance worth EGP 2.54bn, marking their third joint venture in the Egyptian market. The deal reflects…
Finance Ministry to borrow EGP 340bn from local market in September
The Finance Ministry announced its plan to issue 24 treasury bills (T-bills) and bonds worth EGP 340bn in September, as part of its borrowing strategy for the first quarter of…
Gabon in turmoil as army claims coup, arrests president, his aides
A group of senior army officers in Gabon announced on Wednesday that they have seized power from President Ali Bongo, who has ruled the country for 14 years. The officers…
Irrigation and Transport Ministers coordinate on joint projects
The Ministers of Water Resources and Irrigation and Transport met on Wednesday to discuss the progress and challenges of their joint projects, which aim to serve the development goals of…
Egypt signs deal for 3-gigawatt wind farm project in West Sohag
Prime Minister Mostafa Madbouly witnessed on Wednesday the signing of a deal to allocate land for a 3-gigawatt wind farm project in West Sohag. The deal was signed by the…