ADCB Egypt achieves net profit of EGP 2.138bn in H1 2024
ADCB Egypt announced its financial results for the first half of 2024, reporting a remarkable 162% increase in net profits at EGP 2.138bn compared to the same period last year.…
CBE reports first profit in seven years, EGP 22.834bn in June 2024
The Central Bank of Egypt (CBE) has announced a net profit of EGP 22.834bn in June 2024, marking a significant turnaround from the EGP 86.283bn loss recorded in June 2023.…
Banque du Caire achieves 120% surge in net profits surpassing EGP 5.7bn for H1 2024
Banque du Caire has reported a remarkable 120% increase in net profits, reaching EGP 5.7 billion in the first half of the 2024 fiscal year, compared to EGP 2.6bn during…
Breaking barriers: How CBE transforms financial access for PWDs
The United Nations Capital Development Fund (UNCDF)-based “Better Than Cash Alliance” programme, comprising over 80 members from various organizations and governments, has highlighted Egypt’s efforts, represented by the Central Bank…
CBE’s Governor Hassan Abdalla Highlights Successes, Challenges in Egypt’s Path to Financial Inclusion
The UNCDF-based “Better Than Cash Alliance” Interviews the Governor of the Central Bank of Egypt, Hassan Abdalla Under the leadership of Hassan Abdalla, the Central Bank of Egypt (CBE) has…
Egyptian PM, Somali counterpart discuss investment, trade, regional security
Egyptian Prime Minister Mostafa Madbouly met with Somali Prime Minister Hamza Abdi Barre in Cairo to discuss areas of mutual interest and strengthen bilateral relations. The Saturday meeting, which included…
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…
