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e-finance sees 76.5% leap in H1-22 profits
The consolidated net profits of e-finance For Digital and Financial Investments skyrocketed by 76.50% year-on-year (YoY) in the first half (H1) of 2022 to EGP 486.52 million, compared to EGP 275.56…
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Emaar Misr doubles its net profit to EGP 3bn in 1H 2022
The net profit of Emaar Misr for Development increased 1.32x during the first half (1H) of this year, to reach EGP 3.08bn compared to EGP 1.33bn in 1H 2021.
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Egypt’s Agricultural Bank finances sugar beet farmers in Fayoum
The Agricultural Bank of Egypt (ABE) and the Faiyum Sugar Works Company signed a cooperation protocol to finance sugar beet farmers in Fayoum governorate.
The protocol represents a…
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Foreign investments in local treasury bills increased by EGP 6.5bn in June 2022: CBE
The Central Bank of Egypt (CBE) revealed on Monday that foreign clients’ investments in local treasury bills increased to the equivalent of about EGP 157.057bn by the end of June 2022, compared to…
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Fawry’s profit falls 29% in H1-22; revenues leam
The consolidated net profits of Fawry for Banking Technology and Electronic Payments fell by 28.5% on an annual basis during the first half (H1) of 2022 to EGP 98.04 million, compared to EGP 137.15…
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Suez Canal Bank’s profit rises to EGP 267.8m in H1-22
Suez Canal Bank posted a net profit of EGP 267.83 million during the first half (H1) of 2022, up from EGP 240.83 million in the corresponding period in 2021
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Egypt inflation spikes to 13.6% as food, fuel prices rise
Egypt's annual urban consumer inflation rose to 13.6% year-on-year (YoY) in July from 13.2% in June, data from state statistics agency CAPMAS showed on Wednesday.
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Egypt, Sudan trade exchange posts $1.1bn in 2021
Trade exchange between Egypt and Sudan reached $1.165 billion in 2021, compared to $725 million in 2020.
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Egypt works towards to increase exports, deepen industry: PM
Egypt is proceeding with a clear plan to increase exports and deepen industry and local products, in addition to the unprecedented revenues achieved by the Suez Canal, and Egyptian expatriates’…
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ADIB Egypt’s profits post EGP 1.01bn in H1-22
The consolidated net profits of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) climbed by 48.4% year-on-year (YoY) in the first half (H1) of 2022, reaching EGP 1.01 billion, including minority…
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