Banque du Caire introduces exclusive ‘Tharwa ELECT’ tier for high-net-worth clients
As part of a comprehensive strategy and ambitious plan to expand its range of competitive banking products and services, Banque du Caire has announced the launch of the "Tharwa ELECT"…
Suez Canal Bank achieves remarkable 188% profit growth, reaching EGP 1.8bn in June 2024
Akef El-Maghraby, CEO and Managing Director of Suez Canal Bank, announced impressive financial results for the bank. In June 2024, net profits surged to EGP 1.8bn, a substantial increase from…
HDB achieves record net profit of EGP 5.158bn in mid-2024
The Housing and Development Bank (HDB) has reported outstanding financial performance for the first half of 2024. Net profits before income taxes and provisions reached EGP 7.69bn, a significant increase…
India celebrates Independence Day, highlights ‘Golden Era’ of ties with Egypt
India celebrated its 78th Independence Day on August 15, marking the occasion with a renewed commitment to strengthening economic and strategic ties with Egypt. Indian Ambassador to Egypt Ajit Gupte,…
Contact reports strong Q2 results, led by 355% insurance division profit increase
Contact Financial Holding, a leading provider of non-banking financial services in Egypt, reported consolidated operating profits for the second quarter reached EGP 561.8m. The company attributed the strong second-quarter…
Military pact between Egypt, Somalia came at opportune time: Fiqi
Somali Foreign Minister Ahmed Moalim Fiqi welcomed the signing of a military pact between Egypt and Somalia saying it “came at an opportune time.” “It is poised to significantly bolster…
Summer 2024 hits: Arab music stars drop new albums
In the scorching summer of 2024, Arab music stars are making waves with their latest releases. A significant number of music stars in Egypt and the Arab world have recently…
MSMEDA, Entlaq join forces to boost Egypt’s entrepreneurship ecosystem
In an effort to enhance the investment and legislative environment for entrepreneurs in Egypt, Basil Rahmi, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), has witnessed the…
Hamas withdraws from Gaza ceasefire talks, demanding action plan
The Palestinian Islamic Resistance Movement (Hamas) has withdrawn from a new round of ceasefire talks in the Gaza Strip, scheduled to take place on Thursday in Qatar, citing the need…
Gates Developments reports EGP 8.7bn in Lyv Ceaser Ras El Hekma sales
Gates Developments has announced exceeding EGP 8.7bn in sales for its Lyv Ceaser Ras El Hekma project on the North Coast, within just a few months of its launch. The…