Arab African International Bank reports $156m net profit in H1 2024
Arab African International Bank (AAIB) reported a net profit of $156m for the first half of 2024, according to a statement released by the bank. This represents a significant increase…
TMG initiates legal, technical procedures for projects in Iraq
Talaat Moustafa Group (TMG), one of the largest integrated institutions in Egypt and the Middle East, announced that it has begun legal and technical procedures to establish projects and investments…
Diplomatic Fiasco: Ethiopia accuses Somalia of destabilisation
Ethiopia has accused Somalia of “colluding with external actors” to destabilise the region, following Somalia’s refusal to include Ethiopian troops in the upcoming African Union Support Mission in Somalia…
Egypt pledges support for Azerbaijan’s COP29 hosting efforts
Egypt’s Minister of Environment, Yasmine Fouad, participated via video conference in the Ministerial Conference on Environmental Issues organized by the Conference on Interaction and Confidence-Building Measures in Asia (CICA) in…
Madbouly reviews efforts to reduce public debt in Egypt
Egypt’s Prime Minister Mostafa Madbouly met with Finance Minister Ahmed Kouchouk on Wednesday to discuss the country’s ongoing efforts to reduce public debt, maintaining its downward trajectory as a percentage…
Israeli military operation in northern West Bank results in 10 Palestinian deaths
A large-scale military operation by the Israeli army in the northern occupied West Bank has resulted in the deaths of 10 Palestinians. The operation, which involved drones, helicopters, and significant…
Electricity Minister reviews Dabaa nuclear power plant progress with Rosatom officials
Minister of Electricity and Renewable Energy Mahmoud Esmat met with Rosatom Director General Alexey Likhachev and Atomstroyexport President Andrey Petrov at the Dabaa nuclear power plant site. The meeting focused…
Egypt to host Black+Decker’s first electrical equipment factory in MEA region
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), has met with a delegation from the American company Black+Decker to discuss the company’s first investment outside…
Government secures funding for payments to foreign partners in petroleum sector
Egyptian Prime Minister Mostafa Madbouly convened a meeting on Wednesday to address the needs of the petroleum sector and efforts to boost petroleum product output. Attendees included Central Bank of…
Egypt launches funding, training programmes to empower startups
Hossam Heiba, Head of the Permanent Unit for Entrepreneurship and Startups and CEO of the General Authority for Investment and Free Zones, emphasised the unit’s commitment to enhancing cooperation among…
