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EFG Hermes’ profits rise 32% in 9M
The consolidated financials of Egyptian Financial Group Hermes Holding (EFG Hermes) registered a 32.22% rise in net profits to EGP 1.12 billion in the January-September period of 2021, compared to EGP…
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Egypt came out as most attractive investment market in Africa
Egypt has come out on top with Morocco and South Africa the second and third most robust markets for investment, according to the latest Rand Merchant Bank report titled ‘Where to Invest in Africa…
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EBRD ratifies €250m finance for Alexandria Metro project
The European Bank for Reconstruction and Development (EBRD) has approved the provision of a sovereign loan of up to €250m to Egypt to finance the upgrade of an existing rail line connecting downtown…
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41 Egyptian companies take part in Inter-African Trade Fair, minister
Minister of Trade and Industry Neveen Gamea said 41 Egyptian companies of various industrial sectors will take part in the Inter-African Trade Fair (IATF-2021) that will be held in South Africa as of…
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CBE amends instructions on bank governance, board formation
The Central Bank of Egypt (CBE) has issued amendments to some provisions of the bank governance instructions issued on 23 August 2011.
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Fawry reports jump in net profits in 9M
The consolidated financials of Fawry for Banking Technology and Electronic Payments has reported an increase in net profits to EGP 193.738 million during the first nine months of 2021 from EGP 145.198…
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VictoryLink, Etisalat Misr launch educational platform ‘The Academy’ for arts
VictoryLink for technology and marketing solutions has cooperated with Etisalat Misr to launch “The Academy” platform.
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Egypt cancels import duties on steel rebar, iron billets
The Egyptian Minister of Trade and Industry, Nevine Gamea, has issued two ministerial decrees to cancel safeguard import duties on iron billets, steel rebar, and aluminium products.
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CIB logs EGP 9.9bn profit in nine months
he Commercial International Bank-Egypt (CIB) reported consolidated net profits of EGP 9.87 billion in the first nine months of 2021, up by 34.5% year-on-year (YoY) from EGP 7.34 billion, including…
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e-finance’s profit climbs 35% in nine months
The consolidated net profits of e-finance For Digital and Financial Investments increased by 35.18% year-on-year (YoY) to EGP 374.82 million in the first nine months of 2021, compared to EGP 277.26…
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