At the Gateway Gulf Investor Forum 2024, Beyon and Edamah announced a partnership to develop a 380,000-square-meter Digital City in Hamala, Bahrain. This project aims to integrate connectivity, technology, and real estate, setting a new standard for mixed-use developments in the region. Construction is expected to begin in 2025.Read More

At the Gateway Gulf Investment Forum 2024, the Labour Fund (Tamkeen) and Amazon Web Services (AWS) announced a national program to enhance Bahraini talent’s skills in artificial intelligence (AI). This initiative aims to develop AI generalists, specialists, and startup founders by providing training in cloud computing, machine learning, and AI best practices. Participants will have...Read More

Alexandria Container and Cargo Handling Company reported a significant financial performance in the first quarter (Q1) of fiscal year (FY) 2024/2025. The company’s net profit after tax surged by 88% year-on-year (YoY), reaching EGP 1.84 billion, up from EGP 979.97 million in the same period last year. This substantial increase was driven by a 75%...Read More

Crédit Agricole Egypt has reported consolidated net profits exceeding EGP 6 billion in the first nine months of 2024, showcasing significant growth from the previous year. This performance reflects the bank’s solid financial strategy, achieving a notable increase in net interest income and strong overall results. Throughout this period, Crédit Agricole Egypt’s total assets saw...Read More

Ballurh, a cloud-based SaaS business intelligence platform, integrates seamlessly with point-of-sale (POS) systems for food and beverage (F&B) retailers, aiming to boost sales and elevate customer satisfaction. In a recent interview with Mubasher during the Biban24 forum in Riyadh, Abdullah Al Hawsawi, Founder and Chief Growth Officer of Ballurh, highlighted that the platform empowers business...Read More

Sinai Cement reported a strong financial performance in the first half (H1) of 2024, swinging to consolidated net profits of EGP 651.36 million, a significant turnaround from the net losses of EGP 79.72 million recorded in H1-23. This positive shift was supported by a rise in net sales, which grew to EGP 2.68 billion in...Read More

GB Corp reported consolidated net profits of EGP 1.10 billion for the first half (H1) of 2024, a significant increase from EGP 652.63 million in H1-23. The company’s total revenues also saw a notable rise, reaching EGP 19.18 billion in H1-24, compared to EGP 10.75 billion in the same period last year, according to its...Read More

Orascom Financial Holding (OFH) experienced a significant decline in consolidated net profits after tax, which fell to EGP 3.26 million in the first half (H1) of 2024, down from EGP 42.57 million in H1-23. Despite the drop in profits, the company’s revenues saw a slight increase, reaching EGP 16.22 million in H1-24, up from EGP...Read More

Raya Holding for Financial Investment reported consolidated net profits of EGP 762.13 million in the first half (H1) of 2024, marking a significant increase from EGP 350.39 million in the same period last year. The company’s revenues also saw a substantial rise, reaching EGP 20.08 billion in H1-24, up from EGP 14.51 billion a year...Read More

Misr Cement – Qena reported consolidated net profits of EGP 16.93 million in the first half (H1) of 2024, reflecting a significant decline from EGP 63.68 million in the same period last year. Despite the drop in profits, the company’s revenues saw an increase, rising to EGP 2.29 billion in H1-24, up from EGP 1.90...Read More