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A consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, Saudi Telecom Company (stc), Telecom Egypt, Vodafone, and WIOCC, decided to expand a giant sub-sea cable in…
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Egypt’s AlexBank achieved net profit before tax worth up to 1.959 billion Egyptian pounds ($124.6 million) for the first half of the year, up from 1.369 billion pounds last year.
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The saib Bank achieved earnings before interest and taxes (EBIT) of $33.6m during the first half (H1) of 2021, compared to $27.6m during the same period last year, with a growth rate of 22%, driven by…
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Egypt’s real GDP growth is projected to surge to 5 percent in the current financial year 2021/2022 that ends in June next year, Fitch Solutions said in a recent report.
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Foreign investment in Egyptian securities rose to around $22.866 billion in June, from around $22.250 billion in May, the central bank data.
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Ahli United Bank Egypt may receive up to USD 22 mn from the European Bank for Reconstruction and Development (EBRD) and the Global Climate Fund (GCF) for on-lending to Egyptian SMEs working on green…
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Egyptian President Abdel Fattah Al-Sisi has revealed a plan to list the Administrative Capital for Urban Development (ACUD), the owner and developer for the New Administrative Capital in Egypt, on the…
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Housing and Development Bank (HD Bank) logged standalone net profits of EGP 1.001 billion in the first half (H1) of 2021, up by 0.1% from EGP 1 billion in H1-20, the unaudited financial results…
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Egypt’s unemployment rate eased to 7.3 percent in the second quarter of the year from 7.4 percent in the first quarter, state statistics agency CAPMAS said on Sunday.
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Mountain View has launched a new phase of iCity New Cairo over an area of 100 feddans in partnership with the Egyptian Ministry of Housing with investments worth EGP 8 billion.
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