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EFG Hermes appoints Aladdin ElAfifi as NBFI platform CEO
Egyptian Financial Group Hermes Holding (EFG Hermes) has named Aladdin ElAfifi as the new CEO of its non-bank financial institutions (NBFI) platform.Egyptian Financial Group Hermes Holding (EFG…
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Credit Agricole Egypt’s profit rises 32.4% in H1-22
Credit Agricole Egypt has registered consolidated net profits after tax worth EGP 1.01 billion in the first half (H1) of 2022, an annual leap of 32.35% from EGP 767.09 million.
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UAE’s Chimera acquires about 56% of Beltone for EGP 385m
A total of about 259.121 million shares in Beltone Financial subscribed on Wednesday to Abu Dhabi-based Chimera Investment’s mandatory tender offer (MTO), making up to 55.9% of the Egyptian company’s…
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Egypt’s Agricultural Bank sees a major leap in performance by end of 1H 2022
The Agricultural Bank of Egypt (ABE) achieved a significant leap in performance indicators during the first half (1H) of 2022.
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Remittances from Egyptians expats rose 2.1% in 11 months
Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May 2022, the central bank said.
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Homzmart’s investments posted $40m after solid launch in Saudi
Homzmart — the Middle East’s one-stop shop for furniture and home goods — landed a Pre-Series B investment of $23m recently, bringing its total investments up to almost $40.
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Misr Italia’s sales leap 58% in H1-22 results
Misr Italia Properties recorded a 58% year-on-year (YoY) hike in sales during the first half (H1) of 2022 to EGP 4.20 billion.
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Orascom Construction adds $1.8bn to Q2-22 projects portfolio
Orascom Construction Plc announced adding new awards worth $1.8 billion to its backlog in the second quarter (Q2) of 2022.
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NBE, Banque Misr post EGP 102.6bn profits before taxes within 18 months
The general assemblies of the National Bank of Egypt (NBE) and Banque Misr (BM) approved their financial statements of the two banks, revealing that they collectively achieved profits before taxes…
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Egypt’s construction materials, jewellery exports rise in 5M
Egypt’s exports of building materials surged by 36% year-on-year (YoY) in the first five months (5M) of 2022, Ahram Gate cited the Export Council for Building Materials, Refractory, and Metallurgy…
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