EFG Holding’s revenues surge 63% to EGP 5.1bn in Q2 2024
EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), has announced strong second-quarter 2024 results,…
Egypt condemns Israeli Minister’s intrusion into Al-Aqsa Mosque
Egypt has condemned the entry of Israeli ministers and hundreds of settlers into the Al-Aqsa Mosque compound in Jerusalem on Tuesday, labeling it a violation of international law and a…
Ma’alem Development unveils Malaga project in North Coast with EGP 20bn investment
Ma’alem Development has announced an ambitious expansion plan, introducing the Malaga project in Sidi Abdel Rahman, North Coast, with investments nearing EGP 20bn. Spanning 105 feddans, this project marks a…
Madbouly reviews progress of $300m Haier Egypt complex
Prime Minister Mostafa Madbouly met with Ahmed El Gendy, Chairperson of Haier Egypt, to review the next phases of the company’s industrial complex in 10th of Ramadan City. Hassan El-Khatib,…
Egypt’s President Al-Sisi prioritises inflation control in budget review
Egypt's President Abdel Fattah Al-Sisi has prioritised tackling inflation and improving the country's financial performance during a meeting with top government officials on Tuesday. The meeting with Prime Minister Mostafa…
Al-Mashat, South Sinai Governor discuss strategic investment projects
Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, met with Khaled Mubarak, Governor of South Sinai, to review the implementation of investment plan projects and discuss key…
Investment Minister, Henkel Egypt chief discuss expansion, investment plans
Hassan El-Khatib, Minister of Investment and Foreign Trade, met with Carol Milan, President of Henkel Egypt for Trade and Industry, to discuss the company’s current projects and future expansion plans…
Minister of Petroleum forms advisory committee to enhance oil field productivity
Karim Badawi, Minister of Petroleum and Mineral Resources, has announced the formation of an advisory committee dedicated to enhancing oil field productivity and managing petroleum reservoirs through scientific and practical…
Madbouly, Al-Mansour Automotive discuss expansion plans in Egypt
Prime Minister Mostafa Madbouly held a meeting with executives from Al-Mansour Automotive Group to discuss the company’s future expansion plans in Egypt. The meeting was attended by Kamel El-Wazir, Deputy…
MENA IPO activity booms, raising $2.64bn in Q2 2024
The Middle East and North Africa (MENA) region saw a continued surge in Initial Public Offerings (IPOs) during the second quarter of 2024, with 14 IPOs raising $2.64bn in proceeds,…