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Egypt’s EFG Hermes reported a 20 percent year-on-year growth in revenues for the second quarter of the year to 1.6 billion Egyptian pounds ($101.8 million).
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Banque Misr, Egypt’s second largest bank, reported on Wednesday a 109 percent year-on-year growth in net profit for the first quarter of the year.
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The European Bank for Reconstruction and Development (EBRD) announced on Monday that it is securing a $50 million loan to Qatar National Bank ALAHLI (QNB ALAHLI)to boost small businesses and green…
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Remittances from Egyptians living abroad increased by $3.3 billion or 13% year-on-year (YoY) during the first 11 months of fiscal year (FY) 2020/2021. 
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 Elsewedy Electric Co reported a 70.58% year-on-year (YoY) hike in its consolidated net profits to EGP 1.74 billion in the first half (H1) of 2021, compared to EGP 1.025 billion, including minority…
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Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding AG (ODH), reported on Monday a 342.28 percent year-on-year jump in net profit for the first half of the year.
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Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has injected EGP 2.8bn into 87,700 small and micro projects in the first half (H1) of 2021, creating about 146,500 job…
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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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