Roya Developments targets EGP 60bn in sales with The Big Business District launch
Roya Developments has unveiled The Big Business District, its newest venture in New Cairo’s 5th Settlement. This mixed-use development is kicking off with Cluster 1, featuring a mix of commercial,…
Contact Financial Holding triumphs amidst economic challenges with notable year-end growth
Contact Financial Holding, Egypt’s premier non-bank financial services provider, announced Tuesday its consolidated financial results for the quarter and year ending 31 December 2023. The Group showcased robust year-on-year growth,…
Egypt hikes interest rates 6%, targets exchange rate unification
The Central Bank of Egypt (CBE) raised key interest rates by 6% on Wednesday, aiming to combat persistent inflation and unify the country's exchange rate. The move comes as Egypt…
Insights from 18th EFG Hermes One-on-One Conference inauguration
EFG Hermes, a subsidiary of EFG Holding and the premier investment bank in the MENA region, in partnership with the Dubai Financial Market (DFM), proudly launched the 18th Annual EFG…
Israeli siege forces displacement of Hamad City residents in Khan Yunis
The Ministry of Health in Gaza reported that the Israeli occupation committed 10 massacres against civilians in the Gaza Strip, resulting in 97 deaths and 123 injuries during the past…
Al-Sisi, Pashinyan discuss boosting relations between Egypt, Armenia
Egypt’s President Abdel Fattah Al-Sisi and Armenian Prime Minister Nikol Pashinyan highlighted the strong cooperation between their nations across various international platforms, in a joint press conference in Cairo on…
L’Oréal Egypt celebrates 6th edition of “L’Oréal UNESCO for Women in Science Egypt Young Talents Program”
L’Oréal Egypt, marked another milestone in its ongoing commitment towards empowering women's journey by celebrating three exceptional Egyptian young female researchers in the leading program “L’Oreal UNESCO for Women in…
Egypt’s engineering industries, garment exports surge in January 2024
The Engineering Export Council of Egypt announced that the exports of engineering industries increased by 25.4% in January 2024, reaching $348m, compared to $277.7m in January 2023. The council stated…
Telecom Egypt reports EGP 56.7bn in total revenues for 2023
Company’s net profits grow by 25% to EGP 11.5bn
ADCB, Tamweely sign EGP 100m deal to finance SMEs
Abu Dhabi Commercial Bank Egypt (ADCB) and Tamweely Microfinance have signed a facility contract worth EGP 100m to support small and medium enterprises (SMEs) in various sectors. The contract marks…
