58.1% of targeted AIG Insurance shares accept Gulf Group’s offer
The Egyptian Exchange (EGX) disclosed that 58.1% of the AIG Egypt Insurance shares targeted by Gulf Insurance Group’s mandatory purchase offer have been tendered. This amounts to 32,608 shares, in…
Beltone Holding achieves EGP 369m profit in 2023
In a remarkable turnaround, Beltone Holding reported a profit of EGP 369m in 2023, a significant shift from the EGP 269m loss the previous year. This recovery is attributed to…
EU prepares €7.4bn aid package for Egypt to bolster economy
European Commission President Ursula von der Leyen expected to travel to Cairo Sunday
Islamic banking in Egyptian market hits EGP 606bn in 2023
This figure represents approximately 4% of total Egyptian banking sector
EFG Finance secures FRA licence for new NBFI subsidiary
EFG Finance, a subsidiary of EFG Holding specializing in non-bank financial services, has announced the acquisition of a licence from the Financial Regulatory Authority (FRA). This licence will enable the…
Egyptian ministers convene to advance sustainable aviation fuel production
In a collaborative effort to produce sustainable aviation fuel (SAF), key Egyptian ministers convened at the Ministry of Petroleum and Mineral Resources. The meeting underscored a petroleum sector initiative to…
Egypt accelerates release of $1.7bn worth of goods from ports
In line with presidential directives, Egypt has expedited the release of essential commodities and industrial necessities from its ports. Over the first ten days of March, the Finance Minister, Mohamed…
Three Coptic monks killed in South Africa: Church, Azhar, authorities respond
Three Coptic Orthodox monks were killed in a criminal attack at the Monastery of Saint Mark the Apostle and Saint Bishop Samuel in Johannesburg, South Africa, on Tuesday. The Coptic…
Egyptian, South Korean FMs discuss cooperation, Gaza war
Egyptian Foreign Minister Sameh Shoukry spoke with his South Korean counterpart, Cho Tae-yul, on Wednesday, to discuss the Gaza war and bilateral cooperation. The call served as an opportunity for…
Egypt releases $3bn worth of goods from ports: Prime Minister
Remittances gradually returning to normal rates