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Russia green lights a “special military operation” in Donbass as crisis deepens
Russian President Vladimir Putin on Thursday authorized “a special military operation” in the Donbass region, and Ukraine confirmed that military targets across the country were under attack.
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Dow futures, Asian markets nosedived as Russia invades Ukraine
Asian markets and US stock futures plunged on Thursday as Russian President Vladimir Putin announced a military operation in the Donbas region of Ukraine.
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Egypt ranks 1st in fish farming in Africa, Agriculture Minister
Egypt has great experience and successful experiences in the field of livestock and fisheries, as it ranks first in fish farming in Africa, sixth in the world and third in tilapia production…
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Porto Group changes company name, launches new brands
Porto Group Holding has changed the company's name to Arab Developers Holdings and launched two new brands.
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Trade exchange bet. Egypt, Kuwait to $1.6B in 11 months
Trade exchange between Egypt and Kuwait decreased 13.3 percent, to $1.6 billion during the first 11 months of 2021, compared to $1.9 billion during the same period in 2020, according to the Central…
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Egypt-Sudan electricity linkage will be corridor for energy transmission to Africa, Europe
The Egyptian Electricity Transmission Company started developing and raising the capacity of the first phase of the electrical interconnection line between Egypt and Sudan from 80 MW to 300 MW, at a…
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saib achieves pre-provision, tax profit of $68.9m in 2021
Societe Arabe Internationale de Banque (SAIB) reported a 2% decrease in its net profits after tax to $19.9 million in 2021, compared to $20.44 million in 2020.
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CBE’s FinTech Egypt Supports Visa Global Competition
The Visa Everywhere Initiative (VEI) 2022, a global open innovation competition, powered by FinTech Egypt - an initiative by CBE-, is inviting Egyptian early-stage FinTech and payments startups to…
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CBE grants EGP 253bn facilities to private sector in 2021
The Central Bank of Egypt (CBE) has granted EGP 253 billion facilities to the private industrial sector by the end of December 2021, according to recently published data.
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Juhayna appoints new Group CEO
Juhayna Food Industries has appointed Niels Thomsen as Group CEO, benefiting from his 30-year experience across various manufacturing and supply chain managerial roles in the food and beverages…
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