Over half of Arab youth in North Africa, Levant considering emigration for better opportunities
Nearly two-thirds in North Africa and about three-quarters in Levant say their national economy is going in the wrong direction Over half of Arab youth in the Levant and North…
Al Baraka Bank records EGP 1.59bn in profits in 1H 2023, with 38% growth
Al Baraka Bank has announced that its profits before tax exceeded EGP 1.59bn, a growth rate of 38%, compared to the same period last year, while net profits amounted to…
Lack of raw materials contributed massively to export drop: FEI
Osama El-Shahed, a member of the Federation of Egyptian Industries, has stated that the past months witnessed difficulties in importing raw materials and manufacturing components as a result of difficulties…
Telecom Egypt reports EGP 6.7bn profits in 1H 2023
Telecom Egypt (TE) made profits worth EGP 6.7bn during the first half (1H) of this year, according to the company's business results. The company's total revenues amounted to EGP 28.1bn,…
Suez Canal Bank announces 134% increase in net profit to EGP 628m during 1H 2023
Suez Canal Bank’s general assembly approves increasing paid-up capital to EGP 5bn to comply with CBE’s minimum capital requirements
Sudan’s Al-Burhan says country faces biggest conspiracy in its modern history
Sudan's military chief, General Abdel Fattah Al-Burhan, said the country is facing the biggest conspiracy in its modern history, and that the armed forces will stand with the people to…
Egypt launches US Dollar-denominated pension plan for expatriates
Second phase of Tomorrow's Pension plan to target US Dollar account holders in Egypt
Parents of Coventry University Egypt students object to ” illegal tuition hike”
Parents of students at Coventry University's Egypt branch have submitted an official objection to the university's decision to increase annual tuition fees by more than 100%. The parents say the…
Talaat Moustafa Group hotels revenues soar by 90% in 1H 2023
Talaat Moustafa Group (TMG) announced that the group’s hotels achieved revenues of about EGP 1.84bn in the first half of 2023 (1H 2023), with a growth rate of 90% year-on-year,…
Russia’s bombers fly over neutral Arctic waters
Russia's long-range bombers flew over neutral waters of the Arctic Ocean and the Baltic Sea on Monday, according to the country's defence ministry. The Tu-160 and Tu-95MS strategic missile carriers…
