News

 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…
Read More...

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.
Read More...

Mrsool has invested about EGP 300 million in the Egyptian market since launching its operations in the country in mid-2019, Country Manager for Egypt Osama Harfoush revealed. 
Read More...

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…
Read More...

TAQA Power, a subsidiary of TAQA Arabia, has signed a memorandum of understanding (MoU) with the Germany-based MAN Energy Solutions, regarding a pilot project for producing green hydrogen locally to…
Read More...

Egypt’s unemployment rate eased to 7.3 percent in the second quarter of the year from 7.4 percent in the first quarter, state statistics agency CAPMAS said on Sunday.
Read More...

Egypt’s annual urban consumer inflation accelerated to 6.1 percent in July, compared to 5.3 percent in June, official statistics agency CAPMAS said.
Read More...

Egypt’s investment bank CI Capital Holding for Financial Investments reported on Monday a 376 percent year-on-year growth in net profit for the first half of the year.
Read More...

Egypt’s balance of trade deficit increased by 10.0% year-on-year (YoY) to $3.34 billion in May from $3.04 billion, according to data released by the Central Agency for Public Mobilization and…
Read More...

Africa announces the start of monthly shipments of vaccines acquired by the AU / African Vaccine Acquisition Trust (AVAT) to the AU Member States today, President Cyril Ramaphosa, President of the…
Read More...